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Recipes for a healthier grain business

12/ 06/ 2018
  TRUMAN Agency presents the second issue of TRUMAN Report In new journal, our interlocutors give their vision of economic algorithms: attracting foreign investment, entering new markets and expanding the export of Ukrainian products, etc. Iryna Dushnyk. Executive Director of the Grain and Oilseeds Committee of the European Business Association. Recipes for a healthier grain business What markets today are under-traded for Ukraine and how to increase their presence in Ukraine? Experts believe that this can be achieved through strong marketing, increased share of value added products in the overall structure of exports, and the introduction of agro-innovations. In addition, all sub-sectors of the domestic agro-industrial complex should be proportionately developed, and their development should be stimulated by financial instruments and organizational support. Among the speakers of Agriculture section of TRUMAN Report, there is Deputy Minister of Agrarian Policy and Food of Ukraine on European Integration Olga TROFIMTSEVA thinking about these issues. Recently a lot has been done to improve the investment climate in the country - the reform of the fiscal service, the introduction of a single window in the customs system, the creation of a three-year budget declaration, the cleaning of the banking system, etc. According to our experts, this should bring Ukraine back on a map for investors. Francis MALIGE, EBRD Managing Director for Eastern Europe and Caucasus, notes that Western partners believe in Ukraine and are trying to help improve the business environment. In order to do this, EBRD annually implements about 30 projects with billions of budgets in Ukraine. International financial organizations see achievements of recent years. However, they insist on the maintenance of a high rate of implementation of reforms: the creation of an anti-corruption court, the reform of the gas sector. It is extremely easy to destroy several years of efforts with no progress. Among the main topics for financiers nowadays is privatization. Some TRUMAN Report speakers puts great hope in the recently adopted law. Some people talk about it with some caution. But everybody agrees that privatization is necessary and it is no longer necessary to restrain it. At the same time, they warn against repeating the mistakes of the 1990s, when rapid privatization only consolidated the existing oligarchic interests from which Ukraine still suffers. Oleksandr DANYLYUK, the Minister of Finance of Ukraine, believes that the state has already created tools that will allow investors to come and earn. The Minister hopes that after the land reform a new investment offer will be launch - the land itself. He considers the energy efficiency market unique, estimating it at 40 billion dollars. By the way, Francis MALIGE considers Ukraine one of the most inefficient energy economies in Europe, noting that it is not just about increasing gas production from the earths interior. This sector needs foreign direct investment to provide innovations, technologies, and capital, he said. Roman OPIMAKH, executive director of the Association of Gas Producers of Ukraine, agrees with him. And he calls on the Government and the President to invite international companies to Ukraine, providing specific proposals for development sites and creating transparent conditions for competition for these areas at auctions. Olga BIELKOVA, Deputy Chairman of the Verkhovna Rada Committee on Fuel and Energy Complex, Nuclear Policy and Nuclear Safety emphasizes the need to create a modern, dynamic agency Derzhgeonadra. Its current format does not meet the requirements and needs of the industry. Volodymyr OMELYAN, Minister of Infrastructure of Ukraine, shared his vision of the development of all components of the transport infrastructure: from roads to airports, from the railroad to HYPERLOOP. The minister explaines that all these pieces of mosaic eventually have to make a single picture - Ukraine will become a hub between Europe and Asia, and will earn on transit service, not on raw materials. It’s all these conversations with officials, businessmen and experts that makes it possible to describe the environment in which domestic and foreign business in Ukraine operate. Read about it in the new issue of TRUMAN Report. The journal is available upon request by e-mail tetianagaiduk@truman.ua.

TRUMAN Agency presents the second issue of TRUMAN Report

In new journal, our interlocutors give their vision of economic algorithms: attracting foreign investment, entering new markets and expanding the export of Ukrainian products, etc.

Iryna Dushnyk Executive Director of the Grain and Oilseeds Committee of the European Business Association
Recipes for a healthier grain business

What markets today are under-traded for Ukraine and how to increase their presence in Ukraine? Experts believe that this can be achieved through strong marketing, increased share of value added products in the overall structure of exports, and the introduction of agro-innovations. In addition, all sub-sectors of the domestic agro-industrial complex should be proportionately developed, and their development should be stimulated by financial instruments and organizational support. Among the speakers of Agriculture section of TRUMAN Report, there is Deputy Minister of Agrarian Policy and Food of Ukraine on European Integration Olga TROFIMTSEVA thinking about these issues.

Recently a lot has been done to improve the investment climate in the country – the reform of the fiscal service, the introduction of a single window in the customs system, the creation of a three-year budget declaration, the cleaning of the banking system, etc.

According to our experts, this should bring Ukraine back on a map for investors. Francis MALIGE, EBRD Managing Director for Eastern Europe and Caucasus, notes that Western partners believe in Ukraine and are trying to help improve the business environment. In order to do this, EBRD annually implements about 30 projects with billions of budgets in Ukraine.

International financial organizations see achievements of recent years. However, they insist on the maintenance of a high rate of implementation of reforms: the creation of an anti-corruption court, the reform of the gas sector. It is extremely easy to destroy several years of efforts with no progress.

Among the main topics for financiers nowadays is privatization. Some TRUMAN Report speakers puts great hope in the recently adopted law. Some people talk about it with some caution. But everybody agrees that privatization is necessary and it is no longer necessary to restrain it. At the same time, they warn against repeating the mistakes of the 1990s, when rapid privatization only consolidated the existing oligarchic interests from which Ukraine still suffers.

Oleksandr DANYLYUK, the Minister of Finance of Ukraine, believes that the state has already created tools that will allow investors to come and earn. The Minister hopes that after the land reform a new investment offer will be launch – the land itself. He considers the energy efficiency market unique, estimating it at 40 billion dollars.

By the way, Francis MALIGE considers Ukraine “one of the most inefficient energy economies in Europe,” noting that it is not just about increasing gas production from the earth’s interior. “This sector needs foreign direct investment to provide innovations, technologies, and capital,” he said.

Roman OPIMAKH, executive director of the Association of Gas Producers of Ukraine, agrees with him. And he calls on the Government and the President to invite international companies to Ukraine, providing specific proposals for development sites and creating transparent conditions for competition for these areas at auctions.

Olga BIELKOVA, Deputy Chairman of the Verkhovna Rada Committee on Fuel and Energy Complex, Nuclear Policy and Nuclear Safety emphasizes the need to create a modern, dynamic agency Derzhgeonadra. Its current format does not meet the requirements and needs of the industry.

Volodymyr OMELYAN, Minister of Infrastructure of Ukraine, shared his vision of the development of all components of the transport infrastructure: from roads to airports, from the railroad to HYPERLOOP. The minister explaines that “all these pieces of mosaic eventually have to make a single picture – Ukraine will become a hub between Europe and Asia, and will earn on transit service, not on raw materials.”

It’s all these conversations with officials, businessmen and experts that makes it possible to describe the environment in which domestic and foreign business in Ukraine operate. Read about it in the new issue of TRUMAN Report.

The journal is available upon request by e-mail tetianagaiduk@truman.ua.

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