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 Ukraineโ€™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, UkraineInvestโ€™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 Ukraineโ€™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 Ukraineโ€™s attractiveness for investment.

The recording of the event is available at USUBCโ€™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

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Expanding business to Canada Program

Our friends at Mills&Millsย 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

Member News: N-iX Achieves AWS Advanced Consulting Partner Status

N-iX, a leading software development provider, announced today that it has achieved Amazon Web Services Advanced Consulting Partner status in the AWS Partner Network (APN). It is the second-highest tier for AWS Consulting Partners, and N-iX has become one of only 9 Ukraine-based companies that obtained this accreditation. Also, out of over 9,000 AWS partners worldwide, only 13% have been able to receive the Advanced or Premier Consulting tier.

โ€œN-iX partnered with AWS early in 2020 and has since solidified its position in AWS Partner Network, moving up several tiers in just one year. During this time, we have invested a lot into presenting our work to AWS, validating the quality of services, providing training, and motivating our engineers to get certified. Having all this recognized by AWS and reaching the important milestone of Advanced Tier demonstrates our ongoing commitment to delivering business value and driving customer success together with AWS,โ€ comments Orest Furhala, Head of Partnerships at N-iX.

To reach the AWS Advanced Consulting Partner status, companies have to undergo a rigorous approval process and demonstrate extensive technological expertise, proven customer success within the AWS ecosystem as well as training and certification of the companyโ€™s specialists. This accreditation allows N-iX to work more closely with AWS, ensuring the company continues to develop its expertise and deliver high-quality AWS solutions.

โ€œN-iX is honoured to be recognized by AWS as an Advanced Consulting Partner,โ€ said Nazariy Zhovtanetskyy, Chief Strategy Officer at N-iX. โ€œThis achievement reflects the experience and value our experts bring for each of our customers. A lot of our partners, including Gogo, Currencycloud, Lebara, TuneIn, and others have already enjoyed the benefits of AWS, such as reduced costs, increased security, better flexibility, faster time to market, to name a few. So, we are determined to grow further our cloud expertise to help our clients drive maximum value from their cloud investments.โ€

Partner Event – MIPIM “The growing role of alternative and responsible investments”

On March 10th Ukraine at MIPIM will host the first online meeting on the growing role of alternative, responsible, and impact investments in a post-COVID future involving international real estate players

As part of the preparation for MIPIM, the international property investment exhibition taking place annually in Cannes, Ukrainian representatives will host the first online meeting on March 10th.  The main topic of the event is the growing role of alternative and responsible investments.

The online discussion aimed to answer the following questions:

  • Which asset classes are in the focus of investors after the pandemic?
  • What are the investment moods in the world โ€” challenges, opportunities, transformation for the countries and cities?
  • What is the role of responsible investments in real estate today?
  • How will projects, cities, and countries compete for investors?

Speakers:

  • Mathieu de Bruin, Managing Partner at Portico Investments (Netherlands)
  • Aida Feriz, Executive Director at Wimmer Family Office (Great Britain)
  • Yuriy Fyliuk, CEO at Promprylad.Renovation (Ukraine)
  • Wolfgang Gomernik, CEO at DELTA Ukraine (Ukraine/Austria)

Moderators:

  • Yuriy Kryvosheya, President and Managing Director at Toronto-Kyiv 
  • Anna Nestulia, Principal at Invest in Projects | STRIX. 

The main language of the event is English. 

Fill in for registration โ€” ย https://forms.gle/5XanteWfegn3Lcbr7

Ukraine-Canada Opportunities information session

Friends,

We would like to invite you to the online information session โ€œUkraine-Canada Opportunitiesโ€, organized by CUCC in partnership with the Province of Manitoba, Canada and WTC Winnipeg, that will take place on March 03, 2021, at 18.00 CET (10 AM CST). This event is addressed first of all at the Canadian business but may be of interest for Ukrainian entrepreneurs as well. Speakers are the representatives of Ukrainian Embassy in Canada and the Canadian Embassy in Ukraine, AGI, UkraineInvest and the CUCC team. To find out more, click the link

http://www.wtcwinnipeg.com/en/event/information-session-ukraine-canada-opportunities/

We would like to take this opportunity and announce the next online event with the Province of Manitoba, which is aimed at Ukrainian businesses and will take place at the beginning of April. More details on this event will follow.

How to export to Canada – educational video series

If you are looking to grow your business through exporting, think about Canada. Each year, Canada imports over 500 billion dollars of goods and services, including from Ukraine. Small, medium, and large businesses all have the opportunity to export to Canada but need to understand the basics. These 10 videos provide the information and tools you need to ensure that your company can successfully enter the Canadian market.

The 2017 Canadaโ€“Ukraine free trade agreement (CUFTA) eliminated import duties on 98 per cent of goods exported from Ukraine to Canada. This video explains the reasons why doing business in Canada should appeal to both new and established Ukrainian exporters.
There are many opportunities for a Ukrainian company to export to Canada. However there are several steps that must be taken to ensure that your company is ready to export. This video can help you determine whether your firm has the capacity and resources to expand internationally.
Market research is the key to identifying the opportunities Canada offers and the challenges you may face. This video outlines the information you need to collect to gain insight into Canadian consumer preferences and to understand your competitors and the products they offer. The video offers links to data sources to help you conduct your market research.
If you are considering exporting to Canada, you will need to develop an export strategy that sets out your goals for exporting to the Canadian market and the actions you need to take. The information in this video will guide you step-by-step through that process.
The elimination of most duties on Ukrainian goods exported to Canada under the Canadaโ€“Ukraine free trade agreement (CUFTA) makes your products more competitive. This video walks you through the steps to determine whether your product can enter Canada duty-free.
To enter Canada duty-free, exported goods must be of Ukrainian origin. While rules of origin are somewhat complex, this video provides examples to help you determine whether your product meets those criteria. It also provides links to other useful resources.
Understanding Canadian regulatory requirements is an important step in the export planning process. Canada has both federal and provincial regulatory requirements to make sure that only safe, high-quality products can access the Canadian market. This video provides examples to help you understand what Canadian regulatory requirements may apply to your product.
Ukrainian exporters may want to consider obtaining voluntary certifications for their products. Certifications add value to your product because they provide a written assurance by an accredited certification body that a product, process, or service complies with certain standards. Learn more about voluntary certifications by watching this video.
Organic products are increasingly popular in Canada, which is the worldโ€™s sixth largest organic market. Many of Canadaโ€™s organic products are imported, which means Ukrainian organic exporters should consider Canada as an export destination. This video offers information and links to help you learn more about the opportunities for exporting organic products to Canada.
Finding Canadian buyers is often the most difficult challenge faced by Ukrainian exporters. This video offers examples of ways to connect with foreign buyers, including how to navigate the new virtual business model brought about by the 2020 global pandemic.