SCM COMMENTS ON UKRAINIAN POTENTIAL AT UKRAINE ECONOMIC DEVELOPMENT FORUM IN WASHINGTON
System Capital Management (SCM)
Donetsk, Ukraine, Fri, Oct 16, 2009
DONETSK - Big Ukrainian business is interested in encouraging Foreign Direct Investment into the Ukrainian economy to help improve competitiveness, and stimulate innovation and introduction of international standards. Foreign investments will give an additional impetus to the country's economic development and raise the level of competition in the real sector of the economy.
This was announced by Mr. Jock Mendoza-Wilson, SCM's Director of International and Investor Relations, at the First Annual International Forum on "The Economic Development of Ukraine" on 15 October in Washington D.C.
The Forum was held in conjunction with the second annual meeting of Investment & Trade Ukrainian American Coordinating Council which aims to develop trade and economic cooperation between the governments of Ukraine and the USA.
The event was attended by over 260 representatives of Ukrainian and American governments, The US-Ukraine Business Council, American Chamber of Commerce, as well as by Ukrainian and American business people. The event was addressed by the Vice Prime Minister of Ukraine Hryhoriy Nemyria and the country's Ministry of the Economy, Mr. Bohdan Danylyshyn and other leading politicians and representatives of international financial institutions.
Addressing the Forum's Delegates, Mr Mendoza-Wilson said: "We highly appreciate the opportunity to take part in the Ukrainian American Business Forum. This is our chance to present Ukrainian economic opportunities to American businesses and investors and also to explain SCM Group's investment in the US.
For the last year, the Ukrainian and Global economies have undergone fundamental changes. Being the biggest national investor, SCM recognises the current challenges but also sees the excellent possibilities for the Ukrainian economy in the future. We are sure that effective and fruitful cooperation between Ukrainian and American capital will contribute to the economic and social development of Ukraine and the increased competitiveness of the country's economy."