Ukraine negotiates free trade with Israel and Turkey

Ukraine negotiates possible free trade zones with Israel and Turkey, Deputy Trade Minister Natalya Mikolskaya says.

"Ukraine keeps moving ahead to free trade agreements with some countries. Colossal work has been carried out at bilateral meetings. We discussed with the Israeli and Turkish delegations on how the effective trade relations could be established," Mikolskaya said adding that "those markets are crucial for Ukrainian exporters of grain and oil-bearing crops."

Few days ago, Petro Poroshenko made a two-day visit to Israel and made some talks on trading agreements too. The Israeli side reaffirmed the readiness to draft a free trade agreement, Deputy Minister said.

The next round of talks with Turkey is scheduled for the beginning of 2016. The sides also agreed to work out at the propositions aimed at boosting trade and at increasing quality of investment projects in the Ukrainian agricultural sector, aircraft construction and IT industry. 

Soros invests in Ukraine's software development

Billionaire George Soros ispurchasing a stake in Ukrainian software developer Ciklum Holding Ltd. Recently Soros stated his commitment to invest as much as $1 billion to help Ukraine’s economy.

The Ukrainian Redevelopment Fund, advised by Soros Fund Management LLC, agreed to buy an undisclosed stake in Ciklum from Danish founder Torben Majgaard and private-equity fund Horizon Capital.

"It’s an investment in what I call the ‘New Ukraine’ – Ukrainians who are young, well educated, and eager for their country to break from the past and to build an open society," statement from Soros says.

 

Ciklum employs more than 2,500 programmers not only in Ukraine, but in other countries too. Like U.S.-traded EPAM Systems Inc. and Luxoft Holding Inc., the company’s business model is betting on cheaper outsourced labor from Central and Eastern Europe to create software for the U.S. and Western Europe.

Martin Nunn

Martin Nunn
MCIPR, MISTD
Chief Executive Whites Group
London & Kyiv

 

Martin Nunn is an international communications consultant and public relations strategist with over 32 years experience in Europe, the USA, the Middle and Far East. For the past 28 years he has specialized in the challenging markets of Eastern Europe in the Soviet Union, Russia and for the past 21 years in Ukraine.

He is a member of the Chartered Institute of Public Relations in London, a founding member of the Ukraine Association of Public Relations, First Chairman of the European Business Association Public Relations Committee, a registered journalist, a senior lecturer in public relations practice and corporate social responsibility at a number of Ukrainian Colleges and Universities and a former member of the Foreign Investment Advisory Council of the President of Ukraine working group on issues of the national image. He is a firm advocate of the freedom of the press and the freedom of journalists to work within international standards.

His company, Whites Group is one of the leading public relations and communications companies in Ukraine providing strategy, reputation management, public affairs and communications services to leading companies including: Avis, Bayer, Boeing, BYuT, European Union, Kyivstar, Motorola, Nestle, News Corporation, Procter & Gamble, Selex, Shell and Ukraine International Airlines and government departments including: The offices of the President and Prime Minister, and the Ministries of Foreign Affairs, Culture and the Economy.

Since 2008 Martin has been a partner and Communications Director of the People First Foundation, one of the fastest growing democracy foundations in Eastern Europe and in 2012 he founded the Foley & Nunn news agency.

For more information, contact This email address is being protected from spambots. You need JavaScript enabled to view it. or call +38067 233 7333

Graham Conlon

Graham Conlon
Partner, Head of Corporate and M&A, Kyiv
Global Co-Head of International Private Equity
CMS Cameron McKenna LLP

 

I have been living and working in Central and Eastern Europe for over 10 years, the last 3 of which have been in Ukraine. I have a regional role, with a focus on private equity and M&A transactions throughout Europe and beyond. But I live and work on the ground in Ukraine itself, where on a day to day basis I, together with my colleagues, help investors to do business in Ukraine.

Ukraine is witnessing some exciting reforms at the moment, all of which will help to make Ukraine a hugely attractive country to invest in in the medium and long term. And in the short term there may well be opportunities for investors who have the right risk appetite. But either way the fact remains that to successfully do business in Ukraine, you need the right advice from the outset – and you need advisers who not only understand the local environment, but crucially also understand what is important to Western investors – as in reality what may not be considered to be an issue here in Ukraine, may nevertheless be an issue in the West, and you need trusted advisers who have the experience and track record to bridge that communication gap.

In addition to being a UK qualified solicitor, I also hold a Masters in Finance from the London Business School (with a principal focus on corporate finance and M&A/private equity), and clients have remarked that this helps to ensure that any legal advice given to clients is delivered in a commercially pragmatic manner, focusing on the issues which are the most important from the perspective of the client.

We CMS have been operating in Ukraine for nearly 20 years now, with us opening our office on the ground 7 years ago. We can help clients with any business-related needs that they may require – from setting up a subsidiary in Ukraine, registering with the tax authorities, reviewing local employment contracts, helping with the acquisition or lease of a significant piece of real-estate, obtaining licenses and permits, entering into Production Sharing Agreements with the Government, reviewing and negotiating loan documents, to helping you to implement and negotiate high profile M&A transactions.

Text about CMS
CMS is the 10th largest global law firm, with 59 offices in 33 countries, employing 3,000 lawyers. In a competitive legal market, we stand apart through our deep commitment to understanding our clients´ business and the sectors and countries in which we operate. From major multinationals and mid-caps to enterprising start-ups, we provide the technical rigour, strategic excellence and long-term partnership to keep each client ahead whatever its chosen markets.

CMS Cameron McKenna in Kyiv provides access to more than 25 domestic and internationally qualified lawyers, who combine their understanding of the Ukrainian market with the requirements and expectations of global organisations and investors. Our energy, corporate M&A, banking, dispute resolution, competition and property lawyers specialise in key sectors of the Ukrainian economy, including, Energy, Agribusiness, and Technology. With the expertise and experience to deal with transactions and matters of all sizes, CMS handles local, national and multi-jurisdictional projects.

For more information please visit http://www.cms-cmck.com

Nick Cotton

Nick Cotton
B.Sc. DipPrpInv FRICS
Managing Director
DTZ Ukraine

 

I moved to Ukraine in 1999 to join DTZ and since then have been privileged to witness two revolutions and, the slow but indisputably material development and improvement in the real estate sector.

Holding the position of Managing Director of DTZ Ukraine for around 15 years I have come to appreciate that whilst this is potentially one of the most rewarding markets in which to invest, it is without doubt one the most challenging where robust advice and diligence often define between successful and disastrous decisions.

Interaction with the real estate market is almost inevitable for any person or entity moving into Ukraine whether in searching for a home to securing office, manufacturing or trading space. Having a clear understanding of what remains a highly unregulated market, beset with pitfalls is therefore essential.

Whilst a Chartered Surveyor by profession, with around 25 years experience of which 10 years was in the UK with the remainder being in Eastern Europe, I still consider myself as being on a learning curve in Ukraine. A jack of all trades and, arguably a master of none, I have assembled a team of true professionals in Ukraine consisting of both local and expatriate specialists covering all aspects of real estate brokerage and consultancy.