fbpx
Size of letters 1x
Site color
Image
Additionally
Line height
Letter spacing
Font
Embedded items (videos, maps, etc.)
 

Financial Forum “From Theory to Practice: Tools for Risk Mitigation and Improving Business Efficiency”

13/ 12/ 2024
  Photos provided by the Regional Development Agency Modern businesses face significant challenges: economic instability, inflationary pressures, rapid market changes, and the swift pace of technological advancement require a strategic approach to financial management. Entrepreneurs are not only forced to adapt to new realities but also to seek effective tools to mitigate risks and ensure resilience. Today, a company’s success hinges on utilizing modern financial instruments, technologies, and partnerships with the state and financial institutions. To address these pressing issues, the Financial Forum From Theory to Practice: Tools for Risk Mitigation and Improving Business Efficiency took place on December 11, 2024, in Odesa. The event was organized by the Southern Ukrainian Office of the European Business Association (EBA), JSC UKRSIBBANK, and the Odesa Regional Development Agency. The forum brought together experts, business representatives, and public sector officials who shared practical recommendations and tools for effective growth in today’s environment. The opening session was moderated by Kateryna Morozova, Head of the Southern Ukrainian Office of EBA. She kicked off the event by presenting the results of the fifth wave of the EBA survey on local business sentiment, fostering an engaging atmosphere for interactive discussions. Opening remarks were also delivered by Olha Sorochenko, Deputy Director of the Regional Development Agency, and Veronika Kovalevych, Head of the Odesa Regional Office of UKRSIBBANK. Both highlighted the importance of collaboration between businesses and state institutions and emphasized the need for a systematic approach to supporting enterprises, particularly in times of economic instability. The first session featured key speakers: Vladyslav Ostapchuk, Head of the First Business Center of UKRSIBBANK BNP Paribas Group’s Odesa Regional Office, delivered a presentation titled “Financial Reporting for Creditors: Key Requirements and Standards.” He provided practical advice on preparing reports that meet the expectations of investors and banks. Andrii Malyi, Chief Economist at the Trade Finance Center of UKRSIBBANK BNP Paribas Group, spoke on “Documentary Operations as a Tool for Financial Risk Mitigation.” He delved into letters of credit, bank guarantees, and factoring, explaining how these instruments can safeguard companies’ financial interests even in unstable conditions. Niko Gachechiladze, Director of the Public-Private Partnership Support Agency, discussed “Opportunities for Business through State Support Programs.” His presentation showcased the advantages of working with state institutions and outlined new prospects for enterprises. Anton Spyridonov, Head of Digital Advisory at Crowe Mikhailenko, presented “Artificial Intelligence and Hyperautomation as Paths to Business Process Optimization.” He highlighted how innovative technologies can help reduce costs, automate routine tasks, and boost productivity. The second part of the forum focused on real-world case studies and the practical experiences of Ukrainian companies that successfully leveraged grant programs and financial tools for business development. The panel discussion was moderated by Ivanna Laskuriychuk, Head of the Grants Office at the Odesa Regional Development Agency. She also presented on “Grant Resources: How to Identify and Effectively Utilize Opportunities in the Ukrainian Market,” sharing success stories and detailing programs that enable businesses to attract additional resources for growth. The panel featured representatives of companies that have successfully implemented projects using grant resources. They shared insights into finding funding opportunities, overcoming challenges, and achieving their goals. Participants included: Margarita Papkova, Project Manager at Strateg Ukraine LLC; Andrii Hladikov, Co-founder and Co-owner of SekoPak LLC; Pavlo Chehak, Director of Divetro LLC; Natalia Honcharenko, CFO of S-Engineering LLC. All speakers emphasized the importance of meticulous planning and presenting projects in ways that attract grant providers. The event fostered dialogue among businesses, experts, and the state, laying the groundwork for Ukraine’s sustainable economic development. The forum served as a vital platform for exchanging ideas, experiences, and practical solutions. We extend our gratitude to all organizers, speakers, and participants for their active engagement and contributions to business development even in challenging times!
01/

Photos provided by the Regional Development Agency

Modern businesses face significant challenges: economic instability, inflationary pressures, rapid market changes, and the swift pace of technological advancement require a strategic approach to financial management. Entrepreneurs are not only forced to adapt to new realities but also to seek effective tools to mitigate risks and ensure resilience. Today, a company’s success hinges on utilizing modern financial instruments, technologies, and partnerships with the state and financial institutions.

To address these pressing issues, the Financial Forum “From Theory to Practice: Tools for Risk Mitigation and Improving Business Efficiency” took place on December 11, 2024, in Odesa. The event was organized by the Southern Ukrainian Office of the European Business Association (EBA), JSC UKRSIBBANK, and the Odesa Regional Development Agency. The forum brought together experts, business representatives, and public sector officials who shared practical recommendations and tools for effective growth in today’s environment.

The opening session was moderated by Kateryna Morozova, Head of the Southern Ukrainian Office of EBA. She kicked off the event by presenting the results of the fifth wave of the EBA survey on local business sentiment, fostering an engaging atmosphere for interactive discussions. Opening remarks were also delivered by Olha Sorochenko, Deputy Director of the Regional Development Agency, and Veronika Kovalevych, Head of the Odesa Regional Office of UKRSIBBANK. Both highlighted the importance of collaboration between businesses and state institutions and emphasized the need for a systematic approach to supporting enterprises, particularly in times of economic instability.

The first session featured key speakers:

  • Vladyslav Ostapchuk, Head of the First Business Center of UKRSIBBANK BNP Paribas Group’s Odesa Regional Office, delivered a presentation titled “Financial Reporting for Creditors: Key Requirements and Standards.” He provided practical advice on preparing reports that meet the expectations of investors and banks.
  • Andrii Malyi, Chief Economist at the Trade Finance Center of UKRSIBBANK BNP Paribas Group, spoke on “Documentary Operations as a Tool for Financial Risk Mitigation.” He delved into letters of credit, bank guarantees, and factoring, explaining how these instruments can safeguard companies’ financial interests even in unstable conditions.
  • Niko Gachechiladze, Director of the Public-Private Partnership Support Agency, discussed “Opportunities for Business through State Support Programs.” His presentation showcased the advantages of working with state institutions and outlined new prospects for enterprises.
  • Anton Spyridonov, Head of Digital Advisory at Crowe Mikhailenko, presented “Artificial Intelligence and Hyperautomation as Paths to Business Process Optimization.” He highlighted how innovative technologies can help reduce costs, automate routine tasks, and boost productivity.

The second part of the forum focused on real-world case studies and the practical experiences of Ukrainian companies that successfully leveraged grant programs and financial tools for business development. The panel discussion was moderated by Ivanna Laskuriychuk, Head of the Grants Office at the Odesa Regional Development Agency. She also presented on “Grant Resources: How to Identify and Effectively Utilize Opportunities in the Ukrainian Market,” sharing success stories and detailing programs that enable businesses to attract additional resources for growth.

The panel featured representatives of companies that have successfully implemented projects using grant resources. They shared insights into finding funding opportunities, overcoming challenges, and achieving their goals. Participants included:

  • Margarita Papkova, Project Manager at Strateg Ukraine LLC;
  • Andrii Hladikov, Co-founder and Co-owner of SekoPak LLC;
  • Pavlo Chehak, Director of Divetro LLC;
  • Natalia Honcharenko, CFO of S-Engineering LLC.

All speakers emphasized the importance of meticulous planning and presenting projects in ways that attract grant providers.

The event fostered dialogue among businesses, experts, and the state, laying the groundwork for Ukraine’s sustainable economic development. The forum served as a vital platform for exchanging ideas, experiences, and practical solutions. We extend our gratitude to all organizers, speakers, and participants for their active engagement and contributions to business development even in challenging times!

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Start
in the Telegram bot
Read articles. Share in social networks

Spelling error report

The following text will be sent to our editors: