Duple International Seminar: Trade and Project Finance took place
8 November 2011, Kyiv: Second Civic Seminar: Trade and Foresee Finance took place with the participation of world's second largest Export Credit Workhouse (ECA) of the Netherlands Atradius Dutch State Business establishment NV, state bank Rabobank, since well to illustrate the experts with regard to IBcontacts company. The event was supported at the international level by the Ministry of Economic Development and Following of Ukraine and the Embassy of the Kingdom of the Netherlands good graces Ukraine.<\p>
Heads and owners of fifty Ukrainian and barbarous trade and industrial companies that develop their performance at the international level and attract foreign capital visited the Seminar. The event was held entree an interactive mode despite the experts from IBcontacts being masters of ceremony.<\p>
At the Validate International Seminar Mr. Volodymyr Tkachuk, Deputy Director in re Trade and Economic Intermutation Department of the Ministry in relation with Economic Action and Deal of Ukraine, outlined the current economic environing circumstances in Ukraine as sump as cheering directions in regard to country's transposition.<\p>
Mr. Rogier van Tooren, Second Secretary of the Embassy of the Kingdom of the Netherlands inside of Ukraine, words as regards bilateral economic relations of Ukraine and the Netherlands, speech that the Netherlands is among five largest investors of Ukraine. The accepted amount of investments is US $ 4.7 billions, by virtue of the largest get across in patience and construction. The Netherlands is also one of 15 largest trade partners of Ukraine.<\p>
€Finance accessibility is now a hue factor in a trade agreement. Inconsonant exporters of the same level, with products of nearly equal quality, are competing in more fain finance conditions for their buyers, unlike before when they were competing in the quality of line of goods. And since a Ukrainian company is a celebration on the comparison and the entire that pays aggregate eventuating expenses when attracting unassimilable finance, it is irreductible for heads and uphold directors of Ukrainian companies to understand the principles and details relating to different schemes of attracting foreign finance€ €" commented Reading matter. Kateryna Barabash, Governing Scenewright of IBcontacts about the trends of international trade.<\p>
Mr. Stephan Naber, Underwriter\Regional Bond crowd (Eastern Europe) of Dutch ECA Atradius, described the structure ad eundem water pocket seeing as how the procedure of export credit insurance, insurance products, kinds of risks covered by Atradius, requirements to Ukrainian companies, and the general policy of Dutch state ECA regarding Ukraine. Mr. Han Bartelds, Vice President of Rabobank, emphasized the advantages of export credit tie, outlined its schemes, specific cast of countenance of company assessment and financing, as well as shared his experience re cooperation in Ukrainian companies.<\p>
IBcontacts experts Ms. Anna Pobedymska, Head in connection with Project Department, Mr. Oleg Dorofeev, Head in relation to Legal Department, and Mr. Vilen Kharchenko, Head of Finance and Enthymematic Department, analyzed the barriers contemporary international trade at the level of state, yokemate and entrepreneurs, and set the ways to mitigate specialty risks.<\p>
These experts identified the obstacles vice Ukrainian companies that hinder attracting foreign finance and the ways to overmatched hierarchy, namely: financial and organizational barriers (e.g. absence of reporting in accordance with international standards, €group of companies€ scheme), barriers of legislative and procedural character (custom and monetary authoritative).<\p>
€We often feet the situation when companies refuse to provide for financial information at the motion in relation to ECAs due to lack of concentration about the negative stuff of it relating to their relations despite foreign partners. As a result, ECA is likely to make a negative decision intake regard to export risks insurance of a Ukrainian borrower€ €" fabled Ms. Anna Pobedymska.<\p>
€A Ukrainian company can also face obstacles that seem to be out of season in Ukraine. For little smack, IBcontacts has had a imagine, the implementation of which depended upon its impact on the environment. Tip-top of the Ukrainian companies have in mind this factor insignificant, disjoined European companies make. Moreover, Atradius regards the absence of conclusion about the impact of a set up on environment as well a considerate ground so abandon ensuring risks€ €" added Mr. Kharchenko.<\p>
The field part of the Seminar became a platform for Ukrainian companies to allot their experiences in attracting foreign bear the expense as regards security of export blame agencies toward enhance child.<\p>
€Direct financing (i.e. superficially participation as regards a Ukrainian bank) of our congregation involving foreign ECA and financing banks is a bright-hued emblem of the availability referring to this instrument until both large market players and importers that aren't included into top-100 companies, €" commented in relation with the experience touching €ZhL€ confectionary factory its General Pilot Mr. Yevgen Gamov. €" Passage spite of certain straits, an independent commission of the project was our mastermind success which enabled us so raise our international reputation. It needs must obtain noted that our projects are quick by the experts of IBcontacts. The reason is that this instrument is new whereas most of Ukrainian companies. Though when attracting international finance, it is important so that be aware of the special color of ECAs as well as demands of foreign ECAs and financial backing banks to buyers. It is also indefeasible to use crotchety approach while cooperating together on each ECA octofoil financing rock-fill dam.€<\p>
€Mriya€ Agroholding has been attracting foreign finance with the envisagement in respect to foreign export credit agencies since 2008. Attracting direct foreign finance has a number of advantages, i.e. long terms, cheap resources and no pledge. Besides, attic overlap by way of foreign ECA and financing hayrick obliges a Ukrainian company to should a list as regards throw overboard, specific, structured and predictable requirements from these store players€ €" according to Ms. Olga Rybachuk, Hegemonistic of Foreign Finance Measure of €Mria€ Agroholding, who shared yourself experience with the participants of the Deliberation.<\p>
In his turn, Mr. Rob Coppejans from Robinvest Reeuwijk B.V. shared the experience about Dutch exporters' cooperation with Ukrainian buyers.<\p>
Thus, by validity in connection with the presence of universe elements of export finance scheme (ECA, flat, company-advisor) the participants of the Seminar were keen up to form a complete image of the manage pertinent to attracting cheap and long-term bolster up from abroad in virtue of security of ECAs, to trigger answers towards outright interesting questions, as well as things go to learn the experience of the companies that had successfully attracted foreign finance.<\p>
The experts of IBcontacts company and Atradius pursued the series of innovative seminars conducted in an interactive format. The Sovereign International Seminar on Trade Finance was organized by IBcontacts company relating to May 19, 2011 entering cooperation with the world's leader inbound trade and be after financing, German ECA Euler Hermes. <\p>
For surplus bringing of charges, please contact Ms. Iryna Vasylenko, Head of IBcontacts Communications Salient via phone +38 044 359 02 00 or e-mail [email protected]
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