Press Releases

Apr 07, 2011

Dragon Capital Hosted Its 7th Annual Investor Conference


Kyiv, March 31, 2011 – Dragon Capital, Ukraine’s largest investment company, gathered leading Ukrainian politicians, businesspeople and international financial organizations at its 7th Annual Investor Conference.

Clients, investors at the panel discussion Aleksander Kwasniewski and Tomas Fiala at the panel discussion Reforming Ukraine Dmytro Tarabakin, Managing Director, Dragon Capital, and James Morton, Chief Investment Officer, CIM Serhiy Tigipko, Deputy Prime Minister of Ukraine with the report about the economic reforms of the government Petro Poroshenko and Aleksander Kwasniewski Max Alier, IMF Resident Representative Serhiy Tigipko, Tomas Fiala and Martin Raiser


"A year ago, the promises of the newly elected government sounded optimistic, and frankly speaking few people believed in them,” Tomas Fiala, CEO of Dragon Capital, remarked in his opening address.

He added, “When the unpopular reforms and measures began to be implemented, the international community was pleasantly surprised; fiscal policy was tightened, that led to a reduction of budget deficits, public debt is stable and an aggressive tax reform has just been set up."

Prime Minister Mykola Azarov reassured the audience, "Despite all the difficulties we now face, Ukraine will grow rapidly because the Government has demonstrated it is determined to pursue sound economic policies."

Aleksander Kwasniewski, President of the Republic of Poland from 1995-2005, made special mention of Ukraine’s recent reforms, "Finally you say not so much about the plans to do something but about how you can implement reforms and what you are doing in this direction."

During the panel discussion, representatives of the European Business Association, IMF, EBRD and the National Bank of Ukraine discussed economic reforms in Ukraine, in particular the energy efficiency of Ukrainian enterprises.

Another major speaker was Serhiy Tigipko, Vice-Prime Minister of Ukraine. He explained to the audience what the government is doing to improve the investment climate in Ukraine, what has been done and what reforms are planned for implementation in the near future.

"If the system can’t exist normally, it must be reformed, even if many of these steps may seem unpopular. We see the flaws and work on current problems, modifying every detail."

Serhiy Tigipko said that government is open to an active dialogue with business and expects several key initiatives to significantly improve Ukraine’s business climate. As an example of productive cooperation Mr. Tigipko referred to the government’s work with industry associations in the real estate and information technology sectors.

Tomas Fiala
Mykola Azarov
Petro Poroshenko Martin Raiser Volodymyr Lavrenchuk
Vitaliy Antonov
Andre Kuusvek


Dragon Capital’s 7th Annual Investor Conference was attended by fund managers and bankers representing institutions investing directly in Ukraine and across the region, collectively managing about $5bn in the Ukrainian equity market and over $15bn in bonds issued by local corporates.

This year’s conference participants included 150 representatives of more than 80 leading global and regional mutual funds and investment banks such as Goldman Sachs, Citigroup, Morgan Stanley, Julius Baer, FIM, Danske Capital, CIM, East Capital, Lazard Asset Management and others.

During the one-on-one meetings between investors and listed companies and separate workshops on specific bond and equity investment opportunities the participants were able to obtain the first hand information.

Investors met the top-management of more than 30 leading Ukrainian companies, which plan to draw debt and equity financing on the western markets. Among such companies were Ukrros, Avangardco Investments, Agroton, Kreativ Group, MHP, Mriya Agro Holding, Kernel Holding, Astarta Holding, Motor Sich, Metinvest, Ukrnafta, Centrenergo and other companies, which represent agriculture, oil & gas, machine building, power engineering and other strategically important sectors of the Ukrainian economy.


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