Dragon Capital Holds 9th Annual Ukraine Investor Conference
KYIV, March 6, 2013 — Dragon Capital’s 9th Annual Investor Conference (February 27-28, 2013) was attended by representatives of more than50 leading global and regional mutual funds and investment banks such as Ashmore Group, Deutsche Bank, Goldman Sachs, Morgan Stanley, Templeton Asset Management and others.
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In total, the conference was attended by more than 300 Western and local investors, top managers of leading Ukrainian companies, and domestic politicians. Leading Ukrainian companies planning to raise debt and equity financing on Western markets shared their results and plans for the future during one-on-one meetings with investors, while several conference workshops discussed specific bond and equity investment opportunities. Ukrainian corporates participating in the conference included, among others, MHP, Avangard, Agroton, Astarta, Mriya Agro Holding, Kernel, Motor Sich, DTEK and Coal Energy, representing a broad spectrum of industries, from food & agriculture and manufacturing to oil & gas and metals & mining.
“We are pleased that despite not the most favorable investment climate in the country and the rather difficult economic situation, foreign investors are still interested in Ukraine and in the opportunities that it offers,” said Tomas Fiala, CEO of Dragon Capital, commenting on the conference results. “The large number of investors attending our conference this year gives us hope for a new round of development of domestic capital markets. We hope that in the near future Ukraine will sign an agreement on association and free trade with the EU and will resume a program of cooperation with the IMF, thus opening up new opportunities for investment.”
Tomas Fiala, CEO of Dragon Capital: “There are certainly many opportunities to make solid and profitable investments here, though sometimes with a higher degree of risk than in Central Europe. We have put together a program that will answer everything you need to know to analyze well the risks and opportunities and make qualified decisions.”
The Ukrainian government expects another visit of a mission of the International Monetary Fund (IMF) in late March to continue discussions on a stand-by loan program, Economic Development and Trade Minister Ihor Prasolov said.
Aleksander Kwasniewski, President of Poland in 1995-2005: “I am delighted that we can talk about the prospect of a European future of Ukraine, despite the fact that the situation is quite complicated in this respect.”
Morning panel discussion on the political and economic situation in Ukraine (from left to right): Neil Buckley, Eastern Europe Editor, Financial Times, Petro Poroshenko, Parliament Deputy, Aleksander Kwasniewski, President of Poland in 1995-2005, Max Alier, IMF Resident Representative in Ukraine.
Petro Poroshenko, Parliament Deputy: “The government economic program for 2013-2014 is old and Soviet-style. It identifies priorities for specific industries and specific companies and that will kill competition.”
Max Alier, IMF Resident Representative in Ukraine, said the issue of raising gas tariffs for domestic consumers is a key element of talks between Ukraine and the IMF.
Networking between conference morning sessions
Galyna Pahachuk, Head of Public Debt Department, Finance Ministry of Ukraine (right), comments on the government’s borrowing plans.
Round table with the Finance Ministry and the Central Bank of Belarus (from left to right): Olena Bilan, Chief Economist, Dragon Capital, Denis Goreglyad, Deputy Head of International Operations Directorate, National Bank of the Republic of Belarus, Karolina Voytko, Deputy Head of Public Debt Department - Head of Planning, Accounting and Payments Division, Ministry of Finance of the Republic of Belarus.
Macroeconomic Workshop (from left to right): Olena Bilan, Chief Economist, Dragon Capital, Natalia Gorshkova of the Ministry of Economic Development and Trade of Ukraine, Igor Shumilo, former member of the NBU Board, and Charles Seville of Fitch Ratings.
Food & Agriculture Workshop (from left to right: Tamara Levchenko, Senior Analyst, Dragon Capital, and representatives of Milkiland, Industrial Milk Company and Astarta Holding.
Please find below some photos from the event. The full photo gallery is available here.
About Annual Investor Conference
During the nine years of its existence, Dragon Capital’s Investor Conference was a landmark event, which raises topical issues and makes public statements of the Ukrainian government. This format allows the international investment funds and banks that are willing to invest in Ukraine, to get answers to their questions from the top officials.
For more information please contact us at [email protected].