SP&A partner Marcus Stober participates at 8th EU-UA Forum in Lodz, Poland
Organised by the Foundation Institute for Eastern Studies, the 8th Europe-Ukraine Forum kicked off in Lodz, Poland, on February 15, 2015. The three-day event included debates, presentations, reports, lectures, and panel discussions related to the Ukrainian economy, development in times of crisis, and the political situation. The Forum was attended by more than 400 diplomats, experts, officials, business executives and representatives of local governments from Ukraine, the European Union, the US, Russia, and other countries.
Marcus Stober, partner at Stober, Poltavets & Associates, presented a detailed overview of current and upcoming business opportunities in Ukraine, and spoke about the challenges investors still face due to the ongoing crisis.
“Ukraine’s business environment has improved since the country gained independence, but doing business remains extremely challenging,” said Marcus. “The domestic economy remains burdened by political interference, bureaucracy, corruption, a complex regulatory framework, and the high cost of doing business.
“Yes,” Marcus said, “it is risky, but thinking business-wise, when answering the question of how to do business in an environment with ongoing unpredictability, the answer is that these are the times when the greatest profits are made.”
Marcus continued, saying that Ukraine needed to step up with real reforms rather than empty promises. Efforts to improve the business environment will lay the groundwork for sustained, inclusive and diversified economic growth.
When commenting on the future businesses in Ukraine, Marcus mentioned the EU- Ukraine Association Agreement which opened up new opportunities although it still a requires solid legislative foundations and proper governance. Marcus particularly noted the Ukrainian electronic waste management market as one of the most promising, but still nascent, investment sectors.
“We can see imperfect regulatory policy and lack of financial mechanisms to build the necessary e-waste management market in Ukraine,” Marcus concluded. “However, this is a great business opportunity for all stakeholders,” including electric and electronic appliances producers, importers, local recyclers and EU take-back compliance schemes.”
Yulia Shulayeva joins Stober, Poltavets & Associates as a Consultant
Yulia will have oversight of the company’s strategic and sensitive issues, as well as regional and multi-functional projects directly under a senior executive.
“I’m thrilled that Yulia is joining our team,” says Ivan Poltavets, Managing Partner. “She shares our values and our focus on long-lasting partnership and development, and she places the same strong emphasis as we do on a client-oriented approach and innovative solutions.”
“I am very honoured to join the Stober, Poltavets & Associates team in this new position to help enrich company’s values and services,” says Yulia. “In addition to being a company with an international background, this is a great business, with a roster of opportunities that would make any consultancy proud. I’m a strong believer in the difference that international collaboration offers, benefiting our clients and partners all around the world.”