8 The fall of 2011, Kyiv: 2nd International Workshop: Trade as well as Project Finance happened with the actual participation associated with world’s 2nd largest Foreign trade Credit Company (ECA) from the Netherlands Atradius Nederlander State Company NV, worldwide bank Rabobank, along with the experts associated with IBcontacts organization. The occasion was supported in the international level through the Ministry associated with Economic Improvement and Industry of Ukraine and also the Embassy from the Kingdom from the Netherlands within Ukraine.
Heads as well as owners associated with fifty Ukrainian as well as foreign industry and commercial companies which develop their own business in the international degree and appeal to foreign funds visited the actual Seminar. The big event was held within an interactive mode using the experts through IBcontacts becoming masters associated with ceremony.
In the Second Worldwide Seminar Mr. Volodymyr Tkachuk, Deputy Overseer of Industry and Financial Cooperation Department from the Ministry associated with Economic Improvement and Industry of Ukraine, outlined the present economic scenario in Ukraine in addition to promising instructions of country’s foreign trade.
Mr. Rogier truck Tooren, Second Secretary from the Embassy from the Kingdom from the Netherlands within Ukraine, talking about bilateral financial relations associated with Ukraine and also the Netherlands, said how the Netherlands is actually among 5 largest traders of Ukraine. The overall amount associated with investments is actually US dollar 4. 7 enormous amounts, with the biggest share within industry as well as construction. Holland is also among 15 biggest trade companions of Ukraine.
“Finance availability has become a main factor in the trade contract. Foreign exporters from the same degree, with items of almost equal high quality, are contending in much more favorable financial conditions for his or her buyers, unlike before once they were contending in the caliber of goods. And because a Ukrainian company is really a party towards the agreement and the one which pays just about all accompanying costs when bringing in foreign financial, it is important for mind and financial directors associated with Ukrainian companies to comprehend the concepts and information on different strategies of bringing in foreign finance” – left a comment Ms. Kateryna Barabash, Managing Overseer of IBcontacts concerning the trends associated with international industry.
Mr. Stephan Naber, Underwriter/Regional Professional (Far eastern Europe) associated with Dutch ECA Atradius, described the actual structure along with the procedure associated with export credit score insurance, insurance coverage products, types of risks included in Atradius, needs to Ukrainian businesses, and the overall policy associated with Dutch condition ECA concerning Ukraine. Mr. Han Bartelds, Vice Leader of Rabobank, emphasized the benefits of export credit score insurance, layed out its strategies, specific options that come with company evaluation and funding, as nicely as discussed his connection with cooperation along with Ukrainian businesses.
IBcontacts specialists Ms. Ould – Pobedymska, Mind of Task Department, Mr. Oleg Dorofeev, Mind of Lawful Department, as well as Mr. Vilen Kharchenko, Mind of Financial and Analytical Division, analyzed the actual barriers within international industry at the amount of state, organization and business owners, and described the methods to mitigate industry risks.
These specialists identified the actual obstacles with regard to Ukrainian businesses that impede attracting international finance and also the ways in order to overcome all of them, namely: monetary and organizational obstacles (at the. g. absence associated with reporting prior to international requirements, “group associated with companies” plan), obstacles of legal and procedural personality (customized and financial regulation).
“We frequently face the problem when companies won’t provide monetary information in the request associated with ECAs because of lack associated with awareness concerning the negative effects from it on their own relations along with foreign companions. As an effect, ECA could make a damaging decision regarding export dangers insurance of the Ukrainian borrower” – mentioned Ms. Ould – Pobedymska.
“A Ukrainian company may also face hurdles that appear to be uncommon within Ukraine. For instance, IBcontacts has already established a task, the implementation which depended on its effect on the atmosphere. Most from the Ukrainian companies think about this factor minor, unlike Western companies perform. Moreover, Atradius relation the lack of conclusion concerning the impact of the project upon environment like a considerate floor to give up ensuring risks” – additional Mr. Kharchenko.
The practical the main Seminar grew to become a system for Ukrainian companies to talk about their encounters in bringing in foreign financial on protection of export credit reporting agencies to improve production.
“Direct funding (we. e. without participation of the Ukrainian financial institution) in our company including foreign ECA as well as financing banks is really a bright example from the availability of the instrument in order to both big market gamers and importers which aren’t incorporated into top-100 businesses, – commented about the experience associated with “ZhL” confectionary manufacturing plant its Common Director Mr. Yevgen Gamov. – Regardless of certain issues, an impartial implementation from the project had been our excellent success that enabled us to boost our worldwide reputation. It ought to be noted our projects tend to be coordinated through the experts associated with IBcontacts. This is because that this particular instrument is actually new for many of Ukrainian businesses. Though whenever attracting worldwide finance, you should be conscious of the special options that come with ECAs in addition to demands associated with foreign ECAs as well as financing banking institutions to purchasers. It can also be necessary to make use of different strategy while cooperating along with each ECA or even financing financial institution.