ICBAC & State Fiscal Service

May 17, 2021 Members of the International Council of Business Associations and Chambers (ICBAC) met with Head of the State Fiscal Service of Ukraine (SFSU) Vadym Melnyk and Head of the Office of Effective Interaction with Business Kostryantyn Turchak and Manager of the Office Maryana Mazur.

 

In the course of discussion Mr. Melnyk talked about reform of SFSU and its key achievements within the last four months. Telling about work of the office he emphasized on different approach to legal and illegal businesses: «One of the important factors of economic security is clear division between legal and illegal businesses, outlining the boundaries and ways for interacting: with legal businesses – dialogue and partnership; with illegal businesses – taking a hardline, within the legislative framework only, no attempts to “reach an agreement“.

 

Head of the Office of the Effective Interaction with Business has outlined the core goals of the Office: “We aim towards the common analytical base and extensive dialogue between the Business and Government for the better Economic Security of the country and better conditions for the legal business”

We thank the State Fiscal Service of Ukraine for its openness to dialogue and willingness to actively cooperate with business.

ICBAC is including ten business associations and chambers:

British-Ukrainian Chamber of Commerce  Canada-Ukraine Chamber of Commerce CCA – Китайська Торгова Асоціація CCI France Ukraine AHK Ukraine Swedish Business Association in Ukraine  Türk Ukrayna İşadamları Derneği (TUİD)  Ukrainian-Austrian Association  U.S.-Ukraine Business Council (USUBC) Торгово-промислова палата України / Ukrainian CCI , which together represent about 9000 Ukrainian and foreign companies.

Follow us on social media to stay up-to-date on the latest news!

Large-scale privatization object in Ukraine

Dear all,

The State Property Fund of Ukraine, in line with the decision of the Cabinet of Ministers of Ukraine dated September 25, 2019 № 883-r, has completed preparations for privatization of the large-scale privatization object – JSC “United Mining and Chemical Company”. Auction for sale 100% of shares will take place in the third quarter of 2021 (late July).

This would be the first auction of large-scale privatization in the last many years, which is important for Ukraine’s economy, as well as a significant image basis for building Ukraine’s reputation as a country, which is open to large investments and foreign investors.

 

For More info click here

Dear Friends!

Please accept my sincere wishes of Happy Easter! May the warmth of being together with your loved ones bring lots of positive emotions and reflections!

Stay safe!

Zenon Potoczny

President, Canada Ukraine Chamber of Commerce

Meet our members – Telx Inc.

Telx Inc. is a phone and internet service provider offering Business Phone Service, Business Phone Systems, and Office Phone Solutions in Toronto and GTA for over 15 years.

Founded in 2003, Telx Inc. is a next-generation Internet, telephone, and long-distance provider with a mission to utilize new and emerging technologies of Internet telephony. Telx Inc. is a Canadian Radio-Television and Telecommunication Commission certified Re-seller of Telecommunications Services. Telx Inc. offers high-quality long-distance calling to any destination at very competitive prices.

The company provides both business and home services:

  • business and home internet
  • business and home phone solutions
  • TV
  • long-distance calling
  • CRM integration
  • hosted PBX

More info on Telx Inc. website and FB page

Presentations from the Development of Extractive Industries in Ukraine event

On April 22, 2021 CUCC in cooperation with US-Ukraine Business Council (USUBC) hosted a webinar “Development of Extractive Industries in Ukraine”. More information about the event, including a recording you may find here.

An event gained a big audience and as a response to numerous requests, we are posting the presentations of the event speakers:

1. Presentation by Sergiy Tsivkach, Executive Director of UkraineInvest

UkraineInvest

 

2. Presentation by Taras Yeleyko, Deputy Chairman of the State Property Fund of Ukraine

SPFU

 

3. Presentation by Roman Opimakh, Head of State Service of Geology and Subsoil of Ukraine

Derzhgeonadra

Should you have more questions please inquire at skavetskyi@cucc.ca

Statement on the case between TIU Canada and the Nikopol Ferroalloy Plant (NFZ)

The Canadian-Ukrainian Chamber of Commerce (CUCC) continues to closely monitor developments surrounding a lawsuit in which the Canadian renewable energy investor TIU Canada is defending its rights against the Nikopol Ferroalloy Plant in connection with the illegal shutdown of its Nikopol solar power plant from the power grid.

The company, also a member of CUCC, appealed the initial decision of the Commercial Court of Kyiv. The first hearing in the appeal process was supposed to take place on April 12, 2021, but was postponed due to the judge’s illness and a reported bomb threat towards the Northern Commercial Court of Appeal in Kyiv. The next meeting is scheduled for May 17, 2021, at 11.40 AM. According to TIU Canada, they are fully committed to asserting their rights, including with the Supreme Court of Ukraine.

As the largest Ukrainian Canadian business association, we cannot stand aside and express our hopes that the rule of law will prevail in this matter. What is also important is the continued public discourse this situation has gained abroad, especially in Canada, where high-ranking politicians have published direct statements on the matter. This continued attention may cause further negative impacts on Ukraine’s investment image and exacerbate the tendency to reduce foreign investment due to further negative signals regarding the investment climate.

We call on the Government of Ukraine to bring further attention to this case, promote equal conditions for doing business for all stakeholders in compliance with the norms and provisions set forth in the legislation of Ukraine. We also call on the Government of Ukraine to adhere to their own prior public statements on foreign investment protection.

Development of Extractive Industries in Ukraine

April 22, 2021, marked an unprecedented online discussion of 2021 development opportunities for Ukraine’s extractive industries sector between UkraineInvest, State Geologic and Subsoil Survey of Ukraine and State Property Fund of Ukraine and mining business representatives and investors.

The discussion was opened by Zenon Potoczny, President, Canada-Ukraine Chamber of Commerce (CUCC) and Morgan Williams, President/CEO, U.S.-Ukraine Business Council (USUBC) and moderated by Morgan Williams and Emma Turos, Managing Director for Ukraine, CUCC.

The event was attended by over 300 participants representing the North American and global investment community.

Sergiy Tsivkach, UkraineInvest’s Executive Director, made a presentation on the role and activities of UkraineInvest as an investment promotion agency and the institution designated to provide support for investment in Ukraine, as well as on investment climate improvements, recent regulatory developments, and work in the regions in various fields.

Roman Opimakh, Director General of the State Geological and Subsoil Survey of Ukraine presented investment opportunities in the subsoil sector of Ukraine and Taras Yeleyko, Deputy Head of the State Property Fund of Ukraine, made the presentation on state property privatization objects in Ukraine’s extractive industries sector.

The presentations were followed by a lively and candid discussion with the participation of three companies who already invested in operations in Ukraine and are at various stages of their projects. The business community noted the progress which Ukraine has made recently in oil & gas upstream, mining and other areas and confirmed interest in further exploring investment opportunities which Ukraine has to offer.

The top management of the state agencies and the business community agreed to continue discussion of and cooperation in resolving various issues which are important for international and domestic businesses alike to further improve Ukraine’s attractiveness for investment.

The recording of the event is available at USUBC’s YouTube channel: https://www.youtube.com/watch?v=Pv2fd5fvFKg

Kherson region of Ukraine presentation

Dear all,

We would like to share with you the presentation of the Kherson region of Ukraine that was shared with the CUCC during the International Council of Business Associations and Chambers (ICBAC) where our Managing Director-Ukraine Emma Turos is currently serving as a General Secretary.

Should you have any questions regarding the presentation or would like to contact Kherson region investment office, please contact our team at info@cucc.ca

3. Презентація Херсонської області_eng

Expanding business to Canada Program

Our friends at Mills&Mills LLP and InterJurisconsult are hosting an Expanding business to Canada Program on April 28, 2021.

Participants will be able to learn key questions and concerns regarding legal issues of starting and doing business in Canada delivered by three experienced lawyers:

  • Taras Kulish, business lawyer
  • Sabina Mexis, tax lawyer
  • Joseph Milevich, immigration lawyer

Q&A session will follow each presentation.

To get your ticket go to https://www.eventbrite.ca/e/expanding-business-to-canada-tickets-134801285273?aff=erelexpmlt

Members of CUCC in Canada and Ukraine enjoy a special discount to participate in the event.

Contact us at info@cucc.ca or ukraine@cucc.ca to get a code.

Expanding Business to Canada_2021.04.28 (002)

Online Panel discussion “Prospects for the economic development of relations between Ukraine and Canada”

Please join the panel discussion Prospects for the economic development of relations between Ukraine and Canada to take place on Thursday, April 15, 2021 at 10 AM ET (5 PM EET)

Conducted by the think tank Adastra in cooperation with the CUCC.

Invited Speakers are:
– Andrew Rasiulis (CGAI Fellow)
– Diane Francis (Editor-at-Large, National Post)
– Larisa Galadza (Ambassador, Embassy of Canada to Ukraine)
– Robert Cutler (CGAI Fellow)
– Matt Simpson (CEO, Black Iron)
Zenon Potoczny (President of the CUCC)

More information under the link https://www.facebook.com/events/292160735742639

Zoom link to join the webinar