Project - Adam Smith 2014

Photo: The British Ukrainian Society (c) 2014

A reception to launch the Ukrainian Investment Summit in London

On 8 December 2014, the British Ukrainian Society hosted a reception at the House of Commons to mark the start of the Adam Smith Conferences’ 9th Ukrainian Investment Summit held on 9-10 December in London.

The Summit continued as the largest and most high-profile investment conference focused on Ukraine despite the current crisis in the country. Traditionally, it gathered representatives of Ukrainian Government, international financial institutions, as well as businessmen and experts.

Gathering over 75 participants of the Summit, the reception started off with a welcoming address by John Whittingdale MP, Chairman of the British-Ukraine All-Party Parliamentary Group and Member of the Advisory Board of the British Ukrainian Society.

Having welcomed the guests, Mr Whittingdale talked about what has happened in Ukraine over the past year and reiterated his support for Ukraine’s right to choose its own future. Also featuring addresses by Chargés d’Аffaires Andrii Kuzmenko and Marina Denysenko of Adam Smith Conferences, the reception was co-sponsored by Trade Development Limited.

The following two days of the Summit saw a number of Industry Sessions focused on Ukraine’s energy, agribusiness, infrastructure and the banking sector, while the event also included presentations of Kyiv’s and Ukraine’s investment opportunities.

John Whittingdale moderated discussions during one of the Summit sessions. He noted that the House of Commons and the House of Lords take a close interest in matters happening in Ukraine and seek to strengthen the relations between the two countries, and particularly between its parliaments.

‘We have been doing what we can to support Ukraine in these difficult and challenging times. I have regular meetings with visiting politicians from Ukraine, and tomorrow we shall have a three-hour debate on Ukraine in the House of Commons. So this conference is extremely timely,’ said Mr Whittingdale.

Dmytro Shymkiv, Deputy Chief of the Administration of the President of Ukraine and Chairman of the National Reform Council, spoke about the next steps the state would take to deregulate and improve its business climate, while the Mayor of Kyiv Vitali Klitschko spoke on improving the business climate in the capital of Ukraine.

The Summit speakers also included top managers of major state-owned and private companies, such as Naftogaz of Ukraine, Ukrzaliznytsya, Oshchadbnak, ArcelorMittal Group, while UkrLandFarming was represented by its Chairman of the Board Oleg Bakhmatyuk.

The leading global financial institutions at the Summit included EBRD and IFC, while institutional investors included EMSO, Allianz Global Investors, Talis Capital and the Investment Fund for Developing Countries (Denmark).