|
 Ambassador Motsyk; Icons; Vanco Prykerchenska; Smithsonian; Ambassador Nadolenko;
Barclays Capital-EPAM Systems; TNK-BP Ukraine; SoftServe; Salans; Bueling, Inc.
U.S.-Ukraine Business Council (USUBC)
Washington, D.C., Friday, July 9, 2010
FRIDAY, JULY 9, 2010
UKRAINE BUSINESS NEWS - TEN ARTICLES
Ambassador Motsyk; Icons; Vanco Prykerchenska; Smithsonian; Ambassador Nadolenko;
Barclays Capital-EPAM Systems; TNK-BP Ukraine; SoftServe; Salans; Bueling, Inc.
INDEX OF ARTICLES ------
Clicking on the title of any article takes you directly to the article.
Return to Index by clicking on Return to Index at the end of each article
1. UKRAINE'S NEW AMBASSADOR TO THE U,S. OLEKSANDER MOTSYK WELCOMED TO WASHINGTON BY U.S. BUSINESS COMMUNITY
U.S.-Ukraine Business Council (USUBC), Wash, D.C., Friday, July 9, 2010
2. CHRISTIAN IMAGERY, WITH LOCAL CHARM AND VITALITY
The Glory of Ukraine,” at the Museum of Biblical Art in New York City,
offers icons, paintings and embroidery from the 11th to the 19th centuries.
Art Review: By Ken Johnson, The New York Times, New York, NY, Thu, July 1, 2010
3. VANCO PRYKERCHENSKA LTD STARTS NEGOTIATIONS WITH THE GOVERNMENT OF UKRAINE, ARBITRATION CASE JOINTLY POSTPONED
Vanco Prykerchenska, Kyiv, Ukraine, Thu, July 9, 2010
4. SMITHSONIAN INVITES UKRAINE TO PARTICIPATE IN THE ANNUAL FOLKLIFE FESTIVAL ON THE NATIONAL MALL IN 2013 OR 2014
U.S.-Ukraine Business Council (USUBC), Wash, D.C., Fri, July 9, 2010
5. HENNADII NADOLENKO APPOINTED UKRAINE'S AMBASSADOR TO ISRAEL
Trade Representative & Head of Trade & Economic Mission at Ukrainian Embassy in Wash, USA
U.S.-Ukraine Business Council (USUBC), Wash, D.C., Wed, June 30, 2010
6. BARCLAYS CAPITAL TO BUILD GLOBAL TECHNOLOGY FACILITY IN KYIV
EPAM Systems selected as the partner to build and operate advanced IT facility
Barclays Capital/EPAM Systems, London, UK & Lawrenceville, NJ, Tue, June 15th, 2010
7. TNK-BP ALLOCATING MORE THAN NINE MILLION UAH TO SUPPORT SOCIAL PROGRAMS IN LUGANSK REGION IN UKRAINE IN 2010
TNK-BP, Kyiv, Ukraine, Thursday, June 17, 2010
8. SOFTSERVE AND PIVOTAL IT CREATE STRATEGIC PARTNERSHIP
SoftServe, Inc, Ft. Myers, Florida, Tue, June 15, 2010
9. UKRAINE: SALANS TAX NEWSLETTER JUNE 2010
Salans law firm, Kyiv, Ukraine, Wed, June 30, 2010
10. BUELING, INC. JOINS U.S.-UKRAINE BUSINESS COUNCIL (USUBC)
U.S. company moving advanced U.S. agricultural technology to Ukraine
U.S.-Ukraine Business Council (USUBC), Wash, D.C., Wed, July 7, 2010
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1. UKRAINE'S NEW AMBASSADOR TO THE U.S. OLEKSANDER MOTSYK WELCOMED TO WASHINGTON BY U.S. BUSINESS COMMUNITY
U.S.-Ukraine Business Council (USUBC), Wash, D.C., Friday, July 9, 2010
WASHINGTON, D.C. - Oleksander Motsyk, Ukraine's new Ambassador to the United States, was welcomed to Washington by the U.S. business community at a special reception and dinner in his honor held in The Chrystal Room at the historic Willard InterContinental Hotel on Wednesday evening, June 30th sponsored by the U.S.-Ukraine Business Council (USUBC).
Over 90 persons representing USUBC members, agencies of the U.S. government, Washington think-tanks and other special guests attended the dinner in honor of Ambassador Motsyk. Motsyk was appointed to serve as Ukraine's seventh Ambassador to the United States (since Ukraine declared Independence in August of 1991) on Friday, June 11, 2010, by President Viktor Yanukovych.
Two former U.S. Ambassadors to Ukraine, Roman Popadiuk and William Taylor Jr. were the first to bring greetings to the new Ambassador. Lawrence Silverman, Director, Ukraine, Moldova, Belarus Affairs, U.S. Department of State, brought greetings from the U.S. government.
BUSINESS COMMUNITY WELCOMED THE NEW AMBASSADOR
USUBC corporate members who welcomed the new Ambassador to Washington included: Samir Sahgal, Boeing; David Woodruff, ADM; Alexander Gordin, Broad Street Capital Group; Thomas Erickson, Bunge; Van Yeutter, Cargill; Tom Deters, First International Resources; David Lyons, Louis Dreyfus Commodities; John Valiska, RZB Finance LLC and Morgan Williams, Director, Government Relations, Washington office of SigmaBleyzer Private Equity Group, who also serves as president of USUBC.
Additional USUBC members who brought greetings included: Gene Burd, Marks, Sokolov & Burd; George Chopivsky, Ukrainian Development Company; Dorothy Dwoskin, Microsoft; Ihor Gawdiak, Ukrainian American Coordinating Council; Elena Romanova, Foundation for International Arts & Education
and Jeanne Lopatto, Westinghouse.
In his opening remarks USUBC president Morgan Williams congratulated the new Ambassador of Ukraine on his appointment. Williams said the over 120 members of the U.S.-Ukraine Business Council (USUBC) look forward to working closely with Ambassador Motsyk in the months ahead to strengthen and expand the business, economic, civil society, cultural, and governmental ties between the two countries
AMBASSADOR MOTSYK STRESSED ECONOMIC & BUSINESS COOPERATION
Addressing the distinguished audience Ambassador Motsyk pointed out that the President of Ukraine Viktor Yanukovych outlined the development of economic cooperation and strategic partnership with the United States as one of the top foreign policy priorities of Ukraine alongside with European integration and enhancing friendly relations with the Russian Federation.
The new Ukrainian Ambassador particularly stressed that one of the most important spheres of Ukrainian-American bilateral cooperation is economic and business relations. In this context, Ambassador mentioned the vital role of the U.S.-Ukraine Business Council (USUBC) and its bilateral business contacts in promoting American investments in Ukraine and provided the audience with information about the measures undertaken by the Ukrainian Government in promoting economic reforms and improving the investment climate.
NEW AMBASSADOR OF UKRAINE TO ISRAEL
The new Ambassador of Ukraine to Israel, Hennadii Nadolenko, who has been serving as Head of the Trade and Economic Mission, Embassy of Ukraine to the U.S. in Washington for the past four years, was introduced and congratulated on his new appointment. Ambassador Nadolenko thanked the members of USUBC for their cooperation and strong support during his time in Washington.
RECEPTION AND DINNER CORPORATE SPONSORS
The three lead corporate sponsors for the reception and dinner in honor of Ambassador Motsyk were Archer Daniels Midland (ADM), Broad Street Capital Group, and Bunge. The five supporting corporate sponsors were Cargill, First International Resources, Louis Dreyfus Commodities, RZB Finance LLC and SigmaBleyzer Private Equity Group.
"THE GLORY OF UKRAINE" EXHIBITIONS AND SMITHSONIAN FOLKLIFE FESTIVAL
Elena Romanova, with the Foundation for International Arts & Education, presented information about the two "The Glory of Ukraine' art and cultural exhibitions that are being exhibited in the USA during 2010-2012. Ihor Poshyvailo, a Fulbright Scholar from Ukraine with the Smithsonian Institution - Center for Folklife and Cultural Heritage, told about the official invitation from the Smithsonian for Ukraine to participate as a featured country at the Smithsonian Folklife Festival in 2013 or 2014.
REPRESENTATIVES WHO ATTENDED
Persons attending the event included representatives of the following corporations/organizations: Action Research & Technical Solutions; ActionRTS; AES Corporation; Ambassador of Ukraine to Israel; American Councils on International Education; ArcelorMittal Americas; BBC News; Baker & McKenzie; Boeing; Bunge North America; Carnegie Endowment for International Peace; Center for American Progress; Center for Strategic and International Studies; Commission on Security & Cooperation in Europe "Helsinki Commission"; Effective Engagement Strategies LLC; Cubic Corporation; and the Dedal Group LLC.
Additional representatives included: Embassy of Ukraine to the USA; Eurasia Business Consultancy; Export-Import Bank of the US; FC Group; First International Resources; Foundation for International Arts & Education; Export-Import Bank of the United States; First International Resources; Frishberg & Partners; George Bush Presidential Library Foundation; German Marshall Fund; Heller & Rosenblatt; Impressa Cargo Logistic; John Hopkins University; Kennen Institute; Kraft; International Finance Corporation; Louis Dreyfus Commodities; Marks, Sokolov & Burd; and the Maryland Department of Business & Economic Development.
Also attending were representatives of MJA Asset Management LLC; Microsoft; National Democratic Institute; National Security Council; NBC Security, Inc.; NCSJ; Manatt, Overseas Private Investment Corporation (OPIC); Phelps & Phillips, LLP; Peterson Institute for International Economics; PMD International; Procter & Gamble; Raytheon; RZB Finance, LLC; SigmaBleyzer Private Equity Group; Smithsonian Institution - Center for Folklife and Cultural Heritage; Sweet Analysis Services; The Livingston Group; The People's Group; and The Washington Group.
Representatives of the following also attended: Thompson Coburn LLP; Tranzcapital Inc.; TWG Cultural Fund; Ukrainian American Coordinating Council; SoftServe; Ukrainian Development Company; Ukraina Citizens International Association; Ukraine International Airlines; UMBRA; U.S. Civilian Research & Development Foundation; U.S. Department of Energy; U.S. Department of Defense; U.S. Institute of Peace; U.S. Department of State; U.S.-Ukraine Business Council; Zurich Surety Credit & Political Risk; and Westinghouse.
AMBASSADOR MOTSYK BIOGRAPHY
Ambassador Motsyk is a career diplomat and before serving as Ambassador to Poland from December of 2005 to May of 2010 he held several high level positions in the Ministry of Foreign Affairs, served as Ukraine's Ambassador to Turkey and in the Permanent Mission of Ukraine to the UN in NYC.
Alexander Motsyk was born May 3, 1955 in the village Horodets Volodymeretskoho region Rivne region of Ukraine. In 1981 he graduated from Kyiv State University and in 1981 entered the diplomatic service. Alexander Motsyk is married and has two daughters. The positions he has held in his distinguished career are as follows:
07.1981 - 05.1985 - Third Secretary Consular Section of Ministry of Ukraine.
05.1985 - 04.1987 - Third, Second Secretary of International Organizations Ministry of Foreign Affairs of Ukraine.
04.1987 - 09.1990 - Second, First Secretary of the Personnel Department of the MFA of Ukraine.
09.1990 - 04.1992 - First Secretary of the Contractual and Legal Department of Ministry of Ukraine.
04.1992 - 08.1995 - Second, First Secretary, Counsellor, Permanent Mission of Ukraine to the UN, New York.
08.1995 - 11.1997 - Chief-of-Control Treaty MFA of Ukraine.
11.1997 - 11.2001 - Ambassador Extraordinary and Plenipotentiary of Ukraine to Turkey.
09.1999 - 11.2004 - Representative of Ukraine to the Black Sea Economic Cooperation.
11.2001 - 07.2003 - Deputy State Secretary of Ministry of Ukraine.
07.2003 - 07.2004 - Deputy Minister of Foreign Affairs of Ukraine.
07.2004 - 02.2005 - Deputy Minister of Foreign Affairs of Ukraine on European Integration.
02.2005 - 12.2005 - Deputy State Secretary of Ukraine.
12.30.05 - 5.2010 - Ambassador Extraordinary and Plenipotentiary of Ukraine to Poland.
UKRAINE'S SEVENTH AMBASSADOR TO THE UNITED STATES
Ambassador Oleksandr Motsyk is Ukraine's seventh Ambassador to the United States since Ukraine declared Independence in August of 1991. The previous six Ambassador's were:
1992-1994 Ambassador Oleh Bilorus
1994-1998 Ambassador Yuri Scherbak
1998-1999 Ambassador Anton Buteiko
2000-2003 Ambassador Kostyantyn Gryshchenko
2003-2005 Ambassador Mykhaylo Reznik
2006-2010 Ambassador Oleh Shamshur
2010 Ambassador Oleksander Motsyk
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2. CHRISTIAN IMAGERY, WITH LOCAL CHARM AND VITALITY
The Glory of Ukraine,” at the Museum of Biblical Art in New York City,
offers icons, paintings and embroidery from the 11th to the 19th centuries.
Art Review: By Ken Johnson, The New York Times, New York, NY, Thu, July 1, 2010
NEW YORK - In 1051 a Greek Orthodox monk named Anthony retreated to a cave overlooking the Dnieper River in Kiev. Disciples came, buildings were constructed, and, by the 17th and 18th centuries, the Monastery of the Caves embraced a flourishing metropolitan sprawl of 3 Ukrainian cities, 7 towns, 120 villages and more than half a million peasants.
Today, in addition to a multi-tiered, gold-domed bell tower soaring more than 300 feet, its most remarkable feature is a system of subterranean caves, including living quarters and chapels, and a labyrinth extending more than 650 yards into the Berestov Mount.
The monastery operated an art school from the 17th century to 1917 that attracted students from all over Eastern Europe and Russia. Now the National Kiev-Pechersk Historical and Cultural Preserve — as the monastery was renamed in 1926 under the atheistic Soviet government — boasts a collection of more than 70,000 pieces, among them icons, paintings, metalwork and embroidery.
A sample of the monastery’s holdings, along with selections from the Lviv National Museum, is on view in “The Glory of Ukraine: Sacred Images From the 11th to the 19th Centuries,” a captivating exhibition of works from Ukraine at the Museum of Biblical Art.
Ukrainian artists were not exactly up to speed as far as developments in Europe went. They mixed Western and Byzantine influences, but what they knew about German, French and Italian masters came mainly from engravings and copies, and their efforts, as evinced by this show, had none of the naturalism or technical polish of those role models. Compensating for lack of finish, though, is a naïve charm and graphic vitality.
A 16th-century icon representing the Transfiguration has Jesus hovering in the sky backed by a black starburst inside a frosty-blue circle, with Elijah and Moses in attendance. Below, on rocky ground defined by crisp, pleated forms that look as if they were cut by scissors, three apostles have fallen like dancers in rhyming postures. The painting is a marvel of linear and planar syncopation.
That no works are attributed to a known artist adds to the sense of a folk culture animated not by authoritarian dogma or academic formulas but by genuine religious feeling and beloved traditions. This is not the severe, punitive aspect of Christian imagery but a more benevolent, mystical side. More than a quarter of the paintings represent Mary, in one form or another, which may have something to do with the prevailing compassionate spirit.
In an 18th-century icon called “The Exaltation of the True Cross,” a bearded and crowned saint and a deacon, both in sumptuous gold-trimmed robes and standing on a circular dais, together hold a tall wooden cross, as other saints and congregants look on. It has the kind of hair-raising otherworldly atmosphere that you often find in the artworks of self-taught visionaries of different times and places.
The late-17th-century “Saint Nicholas, the Miracle Worker,” in which the beneficent saint in a gold-and-red robe seems gigantic against a background of hills and medieval buildings, has a similarly numinous feeling. His presence is enhanced by the brightly gilded, delicately carved floral pattern that substitutes for the sky.
Yet another striking icon, painted on a squarish, 15-inch panel in the late 18th or early 19th century, represents 118 golden-haloed saints arranged as if on bleachers for a class portrait, with an image of the main church of the Monastery of the Caves held up by angels in the center. The remains of all 118 beatified luminaries are said still to be contained below ground.
Despite its tragic subject matter, one of the most intriguing paintings is an 18th-century landscape of episodes from Jesus’ Passion acted out by doll-like figures within a circular stockade made of pointy wooden pickets. It looks as if it was based on a miniature tableau created for Easter by a model-making hobbyist. The rustic fence, notes a catalog entry, symbolizes “Paradise in Heaven”; the cross on which Jesus hangs in the center becomes the “Tree of Life.”
Paintings that try to imitate the drama and illusionistic space of the European Baroque are less interesting, but one, from the 1760s, is spectacular. On an arch-topped panel more than five and a half feet tall, the Archangel Michael and his angelic retinue, all in resplendent deep green, red and gold, stand symmetrically on a bed of clouds. Golden beams radiate from a small figure of Jesus in the sky, a dove flying above him and, at the very top, an all-seeing God with outstretched arms. It is a flamboyant trip.
Among objects on display — including gilded silver chalices and book bindings — are blessing crosses with finely engraved, gilded silver handles and frames containing images of Jesus and other luminaries relief-carved in eye-straining miniature in cypress wood. Made in the early 18th century, they are among the exhibition’s most virtuosic works.
For sheer beauty, there is a priest’s vestment called a phelonion. This one, made in 1756, is a delirious patchwork of satin, linen, chenille, silver thread, damask and embroidery stitched into sinuous, layered patterns of checks, ribbons, flower blossoms and fruit. The phelonion represents the robe that Jesus wore when he was tried by the Romans; this one’s unabashed aesthetic hedonism could not contrast more with the tragic abjection it is meant to symbolize.
“The Glory of Ukraine: Sacred Images From the 11th to the 19th Centuries” runs through Sept. 12 at the Museum of Biblical Art, 1865 Broadway, at 61st Street; [New York, NY] (212) 408-1500, www.mobia.org.
NOTE: A version of this review appeared in print on July 2, 2010, on page C23 of the New York edition of The New York Times.
LINK: www.nytimes.com/2010/07/02/arts/design/02biblical.html
USUBC FOOTNOTE: "The Glory of Ukraine" will be presented in two separate art and culture exhibitions – "Sacred Images from the 11th to the 19th Centuries" and "Golden Treasures and Lost Civilizations." One or both of the exhibitions will be shown in New York City, Washington, D.C., Minneapolis, Omaha and Houston in 2010 - 2012. The Foundation for International Arts & Education (FIAE), www.fiae.org, is presenting the two major Ukrainian exhibitions, in cooperation with the U.S.-Ukraine Business Council (USUBC), www.usubc.org, and with support from the Embassy of Ukraine in the United States, http://www.mfa.gov.ua/usa/en.
"The Glory of Ukraine: Sacred Images from the 11th to the 19th Centuries" exhibition will be held the Meridian International Center, Washington, D.C., from October 2010 through January 2011. Corporate sponsors are needed for the exhibition at the Meridian International Center. For more details on the corporate sponsorship needs please contact Iryna Teluk, USUBC, e-mail: iteluk (at) usubc.org; and Elena Romanova, Foundation for International Arts & Education, e-mail: elenar (at) fiae.org.
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3. VANCO PRYKERCHENSKA LTD STARTS NEGOTIATIONS WITH THE
GOVERNMENT OF UKRAINE, ARBITRATION CASE JOINTLY POSTPONED
Vanco Prykerchenska, Kyiv, Ukraine, Thu, July 9, 2010
KYIV - The State of Ukraine and Vanco Prykerchenska Ltd have jointly postponed for three months the arbitration case in Stockholm, and started
negotiations with a view to the amicable settlement of the Prykerchenska HSA dispute.
"As part of the settlement the Company will be seeking assurances from the Government that throughout the entire life of the Prykerchenska HSA the
Project will be protected from the kind of interference and blocking we experienced with the previous Government. We believe that we now have an
excellent chance to resolve all outstanding issues and to sign an amicable settlement agreement," Jim Bown, President of Vanco Prykerchenska Ltd, stated.
"I am confident that with the present constructive approach of the new Government we can quickly reach agreement and thus Ukraine can take the first steps towards energy independence. This will also send a strong signal to the international oil and investing community that Ukraine really is open for business," Bown continued.
NOTE: Vanco Exploration, Houston, Texas, is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org.
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4. SMITHSONIAN INVITES UKRAINE TO PARTICIPATE IN THE ANNUAL
FOLKLIFE FESTIVAL ON THE NATIONAL MALL IN 2013 OR 2014
U.S.-Ukraine Business Council (USUBC), Wash, D.C., Fri, July 9, 2010
WASHINGTON, D.C. - The world famous Smithsonian Institution in Washington, D.C. has officially invited Ukraine to participate as a featured country at the Smithsonian Folklife Festival on the National Mall of the United States in the summer of 2013 or 2014.
Ihor Poshyvailo, a Fulbright Scholar from Ukraine with the Smithsonian Institution - Center for Folklife and Cultural Heritage during past nine months, explained the official invitation issued by the Smithsonian to the President of Ukraine, Viktor Yanukovych, at a special reception and dinner in Washington on June 30th, for the new Ambassador of Ukraine to the United States, Oleksander Motsyk, hosted by the U.S.-Ukraine Business Council (USUBC).
Poshyvailo is a leading expert in Ukraine on folk art and folk culture and serves as deputy head of the National Center for Folk Culture "Ivan Honchar Museum" in Kyiv. He has been discussing with officials at the Smithsonian about the possibility of Ukraine being featured at the annual Folklife Festival during his time in Washington.
Poshyvailo told those who attended the dinner he is very pleased and honored the Smithsonian has invited Ukraine and he will be spending considerable time in Ukraine promoting this opportunity when he returns to Kyiv in mid-July. He explained that strong support is needed from the Government of Ukraine, the Ukrainian-American Community in the U.S. and from the U.S. business community who are investing and operating in Ukraine. It could take up to $1.5 million in total financial support from various sources for Ukraine to have a world-class exhibition he reported.
Ihor Poshyvailo said "Support from the members of the U.S.-Ukraine Business Council (USUBC) would be critical to the success of Ukraine's exhibition at the Folklife Festival. I have been discussing this matter with Morgan Williams, Director, Government Relations, Washington office of SigmaBleyzer Private Equity Group, who serves as president of USUBC. Morgan has been to the Honchar Folk Culture Museum in Kyiv many times, and understands the importance of this invitation to Ukraine and believes the U.S. business community will support Ukraine's participation in the Smithsonian Folklife Festival."
Ihor presented copies of the official invitation letter from the Smithsonian to President Yanukovych to all those who attended the dinner for Ambassador Motsyk. The letter from the Smithsonian states:
SMITHSONIAN
Center for Folklife and Cultural Heritage
Smithsonian Folklife Festival
Smithsonian Folkways Recordings
Smithsonian Global Sound
Ralph Rinzler Folklife Archives and Collections
Cultural Heritage Research, Education and Policy
April 12, 2010
Viktor Fedorovych Yanukovych
President of Ukraine
c/o Embassy of Ukraine
3350 M Street, NW
Washington, D.C. 20007
Dear President Yanukovych,
It is my pleasure to invite Ukraine to participate as a featured country at the Smithsonian Folklife Festival on the National Mall of the United States in Washington, D.C. in 2013 [2014]. The Festival provides a wonderful opportunity for Ukraine to focus attention on its people, culture and history in front of more than one million visitors to the event, and the millions more reached by media coverage.
The Festival is America's pre-eminent cultural exhibition - a "museum without walls" that includes musical performances, craft demonstrations, work traditions, community celebrations, foodways, and discussions of traditional and grass roots culture, both rural and urban. It takes place between the U.S. Capital and Washington Monument; surrounded by the Smithsonian's national museums, during the July 4th holiday period.
The Festival shows that culture is alive and provides a chance for participants to speak directly with Americans and international visitors and show them the artistry, wisdom, knowledge, and skills from their communities, families and work places. Some seventy nations, thirty U.S. states, and many regions of the world have been featured at the Festival over the years.
Festival participation provides a bridge between Festival visitors and the featured nation. Media coverage is widespread, reaching tens of millions of Americans. The Festival has had a strong impact in cultural education and in stimulating cultural tourism. Festival programs have also led to other projects from exhibitions, documentary films, Smithsonian Folkways recordings, and Festival re-stagings "Back home."
We at the Smithsonian's Center for Folklife and Cultural Heritage have had initial discussions with Ihor Poshyvailo of the National Center for Folk Culture "Ivan Honchar Museum" (Kyiv), the Embassy of Ukraine in Washington, D.C., the U.S.-Ukraine Foundation, the Washington Group, the U.S.-Ukraine Business Council, and the National Union of Folk Art Masters of Ukraine. We are confident that we can work productively with these partners and scholars, educators, musicians, artists, cultural exemplars, museums, universities, and cultural institutions in Ukraine to develop, research, and present a wonderful program.
Please let me know if your country would be interested in pursuing a partnership to present Ukraine's cultural traditions on the National Mall in Washington, D.C. We look forward to the possibility of working with your Administration, ministries and colleagues to present Ukraine in the heart of the nation's capital.
Best regards,
\s\
Stephen Kidd, Ph.D.
Acting Director
Smithsonian Folklife Festival
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5. HENNADII NADOLENKO APPOINTED UKRAINE'S AMBASSADOR TO ISRAEL
Trade Representative & Head of Trade & Economic Mission at Ukrainian Embassy in Washington, USA
U.S.-Ukraine Business Council (USUBC), Wash, D.C., Wed, June 30, 2010
WASHINGTON, D.C. - Hennadii Nadolenko, Trade Representative and Head of the Trade and Economic Mission at the Embassy of Ukraine in the United States (Washington, D.C.) since 2007, was appointed today by President Viktor Yanukovych to be Ukraine's Ambassador to Israel. President Yanukovych made a series of new appointments to international posts on Wednesday.
The appointments included Kostiantyn Yeliseyev as Ukraine's representative to the European Union. Yeliseyev was appointed Ukraine's deputy minister of foreign affairs in 2007. The head of state appointed Ihor Dolhov as Ukraine's ambassador to Belgium. The Ukrainian ambassador to Hungary, Yuriy Mushka, was appointed representative in the Danube Commission and Ihor Prokopchuk was dismissed as Ukraine's ambassador to Lithuania and appointed as permanent representative to international organizations in Vienna, according to news reports.
OUTSTANDING CONTRIBUTION TO UKRAINE-US RELATIONS
"Hennadii Nadolenko has made an outstanding contribution to the advancement of Ukraine-U.S. business and economic relations as Ukraine's official Trade Representative during the past four years," according to Morgan Williams, Director, Government Affairs, Washington office, SigmaBleyzer Private Equity Investment Management Group who serves as President of the U.S.-Ukraine Business Council (USUBC).
"Hennadii has worked very closely with the U.S. business community, the U.S. government, and has strongly supported the development of the U.S.-Ukraine Business Council (USUBC), as it has expanded its membership base from 30 members to over 120 members while Hennadii has been Ukraine's trade representative in Washington," Williams said.
"The membership of USUBC congratulates Hennadii on his appointment as Ambassador to Israel and is very pleased to learn about this great new opportunity for Hennadii to continue his outstanding and effective work. We wish him the very best. Hennadii told me today he plans to work with the business community in Israel to assist in the creation of an Israel-Ukraine Business Council and said the development of USUBC would be his model for Israel," Williams said.
Hennadii Nadolenko was born in 1970 in Baryshivka, Kyiv Region, Ukraine. In 1994, he graduated from the National Agrarian University and in 1998 he graduated the Diplomatic Academy at the Ministry of Foreign Affairs of Ukraine with a degree on International Relations.
In I994-1996 Nadolenko was an attache at the U.S. and Canada Department of the Ministry of Foreign Affairs. In 1996 he was the 3rd Secretary of the Western Europe Department, Ministry of Foreign Affairs of Ukraine. In 1998 Nadolenko was the 3rd Secretary of the Economic Relations Department, International Organization Division. In 1998 – 2003 – Second and then First Secretary of the Ukrainian Embassy to the USA.
In 2003-2007, he worked in Kyiv in several positions including Advisor and later Head of the Information Policy Department, Ministry of Foreign Affairs of Ukraine in Kyiv. Nadolenko was appointed in 2007-2010 as head of the Trade and Economic Mission, Ukrainian Embassy to the USA.
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6. BARCLAYS CAPITAL TO BUILD GLOBAL TECHNOLOGY FACILITY IN KYIV
EPAM Systems selected as the partner to build and operate advanced IT facility
Barclays Capital/EPAM Systems, London, UK & Lawrenceville, NJ, Tue, June 15th, 2010
LONDON, UK/LAWRENCEVILLE, NJ - Barclays Capital, the investment banking division of Barclays Bank PLC, announced today it has chosen Kyiv as the location for its third global technology centre, adding to those already established in Singapore and Prague.
EPAM Systems, the largest and most experience software engineering services provider in Eastern Europe, has been selected as the partner to build and operate Ukraine’s most advanced and secure IT facility, with a team of up to 500 IT professionals in Kyiv by the end of 2012.
Ukraine was chosen because of the exceptional local technical talent and strong analytical skills available. This investment in Kyiv allows Barclays Capital to further diversify its workforce locations and the firm will grow globally by 800 IT professionals in 2010 with continued growth anticipated over the coming years.
“Kyiv is a key strategic centre within our technology growth plans going forward. Utilising the most advanced hardware, software tools and security infrastructure available, the Kyiv centre will be at the leading edge of global competitiveness for quality and for innovation. We are exceedingly impressed with the 50 plus engineers that have already started,” said Sarah Grave, Head of IT EMEA, Prague and Kyiv at Barclays Capital.
The teams will focus on Application Development for in-house projects in C++, Java or C# for a wide range of business applications across the bank, ranging from electronic trading applications to risk management systems. The Kyiv facility has been built by EPAM to operate within the bank’s highly secure continuous service environment, providing 24/7 services to maintain business applications and provide support to the firm’s business users for many mission critical applications.
Barclays Capital and EPAM are investing in Kyiv for the long term, with the technology centre not only providing excellent working conditions, but very clear long-term career paths for the team members in development, management, operation and support of the software developed. Team members will be supported in their professional growth through high quality financial services training in London, Singapore and Johannesburg.
“The Kyiv centre will provide the essential front-line services necessary for the operation of Barclays Capital’s global banking business,” said Karl Robb, President EPAM Europe. “This reflects our client’s strong faith in Ukrainian IT talent and in EPAM Systems proven track record of establishing large software engineering teams operating in highly secure environments to the world’s top technology firms and financial institutions.”
Through EPAM, Barclays Capital will make an initial capital investment of more than US$2 million in the highest standard of technology infrastructure from Hewlett Packard, Cisco and Microsoft among others, creating the most secure and state-of-the-art facility in the Ukraine, within EPAM’s premises. The very latest workstation and network equipment will be deployed along with power equipment providing business continuity to operate 24/7.
About Barclays Capital
Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs over 23,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide. For further information about Barclays Capital, please visit our website www.barclayscapital.com.
About Barclays
Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 144,000 people. Barclays moves, lends, invests and protects money for 48 million customers and clients worldwide.
About EPAM Systems
Established in 1993, and headquartered in the US, EPAM Systems, Inc. is the leading global software engineering and IT consulting provider with delivery centres throughout Central and Eastern Europe. EPAM's core competencies include complex software product engineering for leading global software and technology vendors, as well as development, testing, maintenance, and support of mission critical business applications to global Fortune 2000 corporations.
EPAM employs over 5,000 professionals and provides services to clients worldwide utilizing a global delivery model through its client facing and delivery operations in North America, UK, Germany, Switzerland, Sweden, Russia, Belarus, Hungary, Ukraine, and Kazakhstan.
EPAM is recognized among the leading companies in IAOP's "The 2010 Global Outsourcing 100" and in "The 2009 Global Services 100" by Global Services Magazine and neoIT. The company is the only Central-Eastern European IT services vendor included in the global "Top 10 Best Performers: IT Services" and is also ranked 2nd among the world's "Top 10 Best Performers: Outsourced Product Development" according to the magazine's 2009 rating.
For further information about EPAM Systems, please visit our website www.epam.com.
LINK: http://www.theopenpress.com/index.php?a=press&id=76154
NOTE: EPAM Systems is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org.
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7. TNK-BP ALLOCATING MORE THAN NINE MILLION UAH TO SUPPORT
SOCIAL PROGRAMS IN LUGANSK REGION IN UKRAINE IN 2010
TNK-BP, Kyiv, Ukraine, Thursday, June 17, 2010
KYIV - On June 17, 2010, the chairman of Lugansk regional administration Valeriy Golenko, chairman of Lugansk regional council Vladimir Pristyuk and president of TNK-BP Commerce LLC Sergey Lizunov signed a social partnership agreement. The parties committed to facilitate settlement of social problems in the region and to support stable and effective operations of Lisichansk refinery (CJSC LINIK, Lugansk region).
"We much appreciate the concern that local authorities express to needs of Lisichansk refinery”, President of TNK-BP Commerce LLC Sergey Lizunov noted. “In turn, our company is striving to contribute more efforts to improve social living standards in the region. We expect that our consolidated efforts will make the refinery even more efficient in the short run, which will have a positive impact both on the regional economy and that of the whole country”.
The reached agreements foresee that Lugansk regional administration and Lugansk regionak council will further attraction of additional investments in Lisichansk refinery for its further development and will promote solution of arising problematic issues. In return, the company will ensure stable operations of the refinery and its technical upgrade, and will finance ongoing regional social projects for over nine million UAH in 2010 [approximately $1.12 million US dollars]
In particular, within the framework of the agreement it is expected to provide a financial relief to socially vulnerable groups, large families and handicapped children as well as veterans of WW2. Besides, it provides for implementation of such measures as maternity and childhood protection, development of local sciences, education, culture, and sports.
“Support of socially responsible companies is one of the key tasks of the authorities, because it affects living standards of people”, Valeriy Gorlenko noticed. “For over 10 years TNK-BP has enabled running of one of the largest enterprises in the region. We are interested in further development of industrial production at CJSC LINIK, and attraction of long-term investments and international high technologies”.
TNK-BP is one of the world’s top-ten privately owned oil companies measured by crude oil production. The company was established through the merger of BP’s Russian oil and gas assets and those of the Alfa Access/Renova consortium (AAR). TNK-BP’s business groups in Ukraine are represented by the following key enterprises:
TNK-BP Commerce LLC — a managing center, wholesale of oil products in the domestic and foreign markets, conduction of coordinated investment
policy, ensuring maximum efficiency of the assets’ usage;
CJSC LINIK (Lisichansk refinery) — refining of crude oil and oil goods production;
JV Kersher LLC — retail of oil products through the chain of fuel retail sites, sites management.
TNK-BP is a socially responsible and transparent company. One of the company’s strategic goals is ensuring sustainable growth of its business in Ukraine based on corporate social responsibility principles.
The business priorities of the company are creation of a safe environment for employees, guaranteeing fair labor remuneration, professional growth, reduction of the level of anthropogenic impact on the environment and provision of high-quality services to consumers. The company aims to have a positive impact on life of the society through implementation of social investment programs.
TNK-BP’s charitable aid has a target nature. It is primarily aimed at supporting those regions, where TNK-ВР conducts its operations. First of all, these are Lisichansk town and Lugansk regions in general.
TNK-BP’s charitable aid in Ukraine is aimed at protection of maternity and childhood, development of spirituality, education, science and sports, and is provided in the first place to sick and destitute children, senior people, veterans of WW2, veterans of oil and gas industry and oil refining industry of Ukraine.
The largest charitable projects of TNK-BP in Ukraine are directed at improvement of reproductive health of mothers and health of newborns, as well as provision of rehabilitation and medical assistance to children with special needs.
In 2008—2009, TNK-BP allocated around ten million hryvnias to support of social programs in Lugansk region.
LINK: http://www.tnk-bp.com.ua/en/press/releases/2010/6/85/
NOTE: TNK-BP in Ukraine is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org.
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8. SOFTSERVE AND PIVOTAL IT CREATE STRATEGIC PARTNERSHIP
SoftServe, Inc, Ft. Myers, Florida, Tue, June 15, 2010
FT. MYERS, Florida - SoftServe, Inc., a leading global provider of proven high quality software development, testing and consulting services, today announced that it has entered into the agreement with Pivotal Information Technology (Pivotal IT), a leader in the technology consulting industry that helps companies reach excellence through business and technology solutions.
The strategic partnership brings together SoftServe’s robust software development experience and dedication to best practices and processes, and Pivotal IT’s profound industry insight and recognized consulting expertise to drive greater value for their customers.
SoftServe will combine efforts with Pivotal IT to expand their service offering to their clients by providing Cloud Computing platform optimizations and custom application development services. As the demand for Cloud based models increases, SoftServe, Inc. has been helping many companies with migrations away from on-premise solutions and assisted with the customization of legacy systems.
“We are excited about the agreement with Pivotal IT, a leader among technology consulting companies, and anticipate this collaboration to grow into a strong long-term partnership,” said Taras Kytsmey, SoftServe’s President. “SoftServe is committed to assisting its clients to succeed and is ready to join forces with Pivotal to expand their service offering by leveraging the innovative thinking and the leading edge expertise of our world-class professionals”.
“Pivotal has quickly evolved Cloud Computing as a robust service offering, and the Cloud has become one of our primary solutions to our clients. This relationship with SoftServe underscores the importance we see of having global partners, and the value we strive to provide to our global clients,” said Darren Feeley, CEO of Pivotal IT.
About Pivotal Information Technology
A leader in the technology consulting industry, Pivotal provides solutions sets for internet facing platforms, back office systems, emerging technologies and operations. Delivering superior return on investment to clients since 2007, Pivotal works across verticals in healthcare, education, media, technology, energy and financial services. Pivotal: Where business meets technology. Find out more at www.pivotal-it.com.
About SoftServe, Inc.
SoftServe is a leading global provider of proven high quality software development, testing and consulting services. At SoftServe, we are passionate and committed to bringing the best commercial software to market for new and established independent software vendors and software-enabled businesses. To accomplish this, we created AbilitonTM, an approach that develops an assessment and certification framework making it simple to create the right standards, certifications, tools and team structure to repeatedly deliver development success for our clients.
Through the years, SoftServe has partnered with hundreds of companies globally on a wide range of products and technologies, successfully completing over 2000 projects. Founded in 1993, SoftServe is headquartered in Fort Myers, Florida, with an award-winning development organization based in Ukraine and the Philippines. For more information, please visit www.softserveinc.com.
NOTE: SoftServe, Inc., is a member of the U.S.-Ukraine Business Council (USUBC), Wash, D.C., www.usubc.org.
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9. UKRAINE: SALANS TAX NEWSLETTER JUNE 2010
Salans law firm, Kyiv, Ukraine, Wed, June 30, 2010
KYIV - Salans law firm Tax Newsletter June 2010. In this issue: 1. Law on the 2010 State Budget; 2. Amendments to Tax Laws and 3.Refunds of VAT paid on Services Provided by Non-residents
1. Law on the 2010 State Budget
On 27 April 2010, the Ukrainian Parliament passed the law “On the Ukrainian State Budget for 2010” (the “Law”) which, in particular, contains the following provisions:
1. From 1 July 2010 the obligatory state pension duty rate on the purchase of non-cash foreign currency will not be applicable.
2. In 2010 joint stock companies must pay dividends in the amount of at least 30% of net profit in the reporting year.
3. VAT refunds to VAT payers who claimed their refund before 1 May 2010, if established by inspections and not refunded at the date when the Law becomes effective, must be held in government domestic bonds. The terms of issuing such bonds are set by Resolution No. 368 of the Cabinet of Ministers of Ukraine, dated 12 May 2010, including:
(i) The nominal value of one VAT bond is UAH 1000;
(ii) The term of VAT bonds is 5 years;
(iii) The interest on VAT bonds will be 5.5% per annum; and
(iv) Redemption of VAT bonds shall take place every 6 months by redemption of principal of 10% of the VAT bonds’ nominal value.
4. The land tax rate under the Ukrainian law “On Land Tax” will be multiplied by 3.2 for areas where a monetary valuation of land has not yet been made.
5. Tax authorities will dispute the decisions of all courts which find against the State until a judgment is made by the Ukrainian Supreme Court.
6. In 2010 the minimum wage for living and the monthly minimum salary are set at one level, namely: from 1 January – UAH 869, from 1 April – UAH 884, from 1 July – UAH 888, from 1 October – UAH 907 and from 1 December – UAH 922.
2. Amendments to Tax Laws
On 20 May 2010, the Ukrainian Parliament passed the law “On Amending Certain Legislative Acts of Ukraine”, which, in particular, contains the following provisions:
1. Moratorium on Sales on Commodity Exchanges. A moratorium on the sale on a commodity exchange of individually identifiable goods, if not sold as a consignment of goods, widely used goods (including vehicles) and capital assets. This amendment has been made with a view to eliminating the possible understatement of prices (and tax liabilities) when goods are sold on a commodity exchange.
2. Terms for Tax Audits. The terms of tax audits have been increased, in particular:
(1) the term for a scheduled outdoor tax audit has increased to 30 working days (previously 20) and the term for a scheduled outdoor tax audit in respect of small businesses - to 20 working days (previously 10);
(2) the term for an unscheduled outdoor tax audit has increased to 15 working days (previously 10) and for an unscheduled outdoor tax audit in respect of small businesses - to 10 working days (previously 5);
(3) the term for a scheduled outdoor tax audit may be prolonged for up to 15 working days (previously 10) and the term for a scheduled outdoor tax audit in respect of small businesses may be prolonged for up to 10 working days (previously 5); and (4) the term for an unscheduled outdoor tax audit may be prolonged for up to 10 working days (previously 5). Scheduled or unscheduled tax audits may be suspended for up to 30 working days by order of the tax authorities.
3. Grounds for Tax Audits. The tax authorities can conduct an unscheduled tax audit without prior notice to the taxpayer if the tax police receive information that such taxpayer or his employee is avoiding taxation while accruing (paying or receiving) salary, other taxable payments and compensation, including as a result of not entering into an employment agreement.
4. VAT on Gas Imports. VAT exemption for activities related to the import of natural gas into Ukraine under foreign economic contracts.
5. VAT Reporting. VAT payers must submit to the tax authorities electronic copies of their registers of issued and received tax invoices.
6. VAT Refund. The remaining negative VAT result after a VAT refund has been declared must be included in the tax credit for the following tax period only as to the amount of VAT paid to suppliers of goods (or services) by the taxpayer or import VAT and must be included in the calculation of the VAT refund for the following reporting period.
The remaining negative VAT result for which no settlements have been made with suppliers will be reflected separately in the VAT return for the purposes of calculating the amount of VAT refund in future tax periods. The remaining negative VAT difference after a VAT refund will be separately reflected in the VAT return and will be treated as a tax credit from the first reporting period of 2011.
7. Cancellation of VAT Registration. An entry in the single state register for legal entities and individual entrepreneurs confirming the absence of a legal entity or individual at its place of registration will justify the cancellation of VAT registration. This provision creates a considerable risk for VAT payers having both factual and legal addresses.
8. Insurance Reserves. The amount of insurance reserves which may be treated as a tax deductable expense for a financial institution can be no more than 20% for commercial banks (for the period until 1 January 2011 – 40%, for the period from 1 January 2011 to 1 January 2012 – 30%) and 10% for non-banking financial institutions.
9. Accounting and Financial Reporting. A taxpayer, except for banks and financial institutions, whose income for the previous year is more than UAH 100 million must keep account of temporary and constant tax differences and file a financial report with the tax authorities.
10. Carry-Forward of Tax Losses. Only 20% of corporate profit tax losses existing on 1 January 2010 can be carried forward and used in 2010.
11. Taxation of Income from Credit Operations. Income from bank credit operations accrued from 1 January 2009, but not received on 1 January 2010, must be treated as taxable income for the bank at the date of its actual receipt. This rule does not apply if income from credit operations accrued for the period from 1 January 2009 to 1 January 2010 was treated as taxable income by a bank during 2009.
12. Excise Duty. Excise duty on certain categories of goods (including gasoline, spirits, alcohol and tobacco) has been raised.
3. Refunds of VAT paid on Services Provided by Non-residents
On 15 April 2010, the State Tax Administration of Ukraine issued Letter No. 7466/7/16-1517-04 on refunds of VAT paid on services provided by non-residents on the customs territory of Ukraine. According to the letter, VAT paid on services provided by non-residents will not be refunded due to the fact that tax accounting for services from non-residents on the customs territory of Ukraine does not provide for a separate VAT payment to the budget.
CONTACT: For further information regarding taxation in Ukraine, please contact: Igor Davydenko, Partner, E:
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; Sergiy Melnyk, Associate, E:
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; Salans Kyiv, 49-A, Volodymyrska Street, 2nd Floor, 01034 Kyiv, Ukraine, T: +380 44 494 4774; F: +380 44 494 1991
E:
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NOTE: Salans is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org.
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10. BUELING, INC. JOINS U.S.-UKRAINE BUSINESS COUNCIL (USUBC)
U.S. company moving advanced U.S. agricultural technology to Ukraine
U.S.-Ukraine Business Council (USUBC), Wash, D.C., Wed, July 7, 2010
WASHINGTON, D.C. - Bueling, Inc., Fargo, North Dakota and Kyiv, Ukraine, a U.S. business promoting, distributing and servicing advanced U.S. agricultural and other technology in Ukraine for the past 16 years, has been approved for membership in the U.S.-Ukraine Business Council (USUBC), the USUBC executive committee announced today on behalf of the entire USUBC membership of over 120 companies and organizations who have business operations, investments or other development programs in Ukraine.
REPRESENTS THIRTY FOUR SUPPLIERS
Bueling, Inc. represents 34 equipment suppliers in Ukraine and Russia, who are located in 14 states in the USA and four countries. Bueling, Inc. works mainly as a distributor selling to on-the-ground retailers in Ukraine but also does some direct marketing to large agricultural enterprises.
The company was one of the early pioneers in selling USA made Global Positioning Systems (GPS) in Ukraine and Russia for use on agricultural tractors, tillage and planting equipment. Bueling, Inc. has also moved a considerable amount of original spare parts and top-quality used U.S. farm machinery to Ukraine over the past several years.
JIM BUELING, FOUNDER & PRESIDENT
Jim Bueling is the founder and president of Bueling, Inc. Rubina Davtyan serves as business manager and legal council. Jim grew up in North Dakota and o managed a large farming operation there. In 1990 he made his first trip to Russia and lived in Moscow working for the representative offices of Deere & Company and Concord (Fargo, North Dakota firm). In 1994 Jim moved to Kyiv, Ukraine working for Concord, and later Case IH, and Horsch, all farm machinery companies.
In 2001 Jim started a partner company in Ukraine, Harvester Ltd, dealing in spare parts and whole goods. In 2003 he started representing Hagie Manufacturing self-propelled sprayers. Jim became the first seller of Trimble GPS equipment in 2004 in Ukraine and Russia. In 2006 he became the first Conoco Phillips oil distributer in Ukraine.
During 2008 a partner company, Nodak, Ltd, was registered to Rubina Davtyan. Through Nodak Ltd, the dealer network had been expanded and the direct sale base providing in country representation and service. In 2010 another company AGROKOSMOS LTD was registered in Russia.
WORKING TO EXPAND AGRICULTURAL PRODUCTION IN UKRAINE
"I met Jim Bueling in Ukraine almost 15 years ago soon after he arrived in Kyiv. It has really been amazing to watch Jim expand his business over the years by providing much needed top-quality equipment, spare parts and professional service to agricultural enterprises in Ukraine," said Morgan Williams, director, government affairs, Washington office, for the SigmaBleyzer private equity investment management group, who serves as president of the U.S.-Ukraine Business Council (USUBC).
"Jim and Rubina are dedicated in their work to modernize and expand farming operations so agricultural production can be significantly increased in Ukraine. They believe in the future of agriculture in Ukraine and the role Ukraine can and should play in providing the world with the large amount of additional food that will needed to feed the rapidly expanding population.
"Jim told me during a meeting we had recently in Kyiv that 2008 was his peak year for sales. He said sales dropped considerably in 2009 because of the economic crisis making 2009 a most difficult year but said sales are coming back in 2010. USUBC is very pleased to have Bueling, Inc. as a new member and look forward to working closely with Jim and Rubina as they continue their service in a most promising sector of the Ukrainian economy," Williams noted.
INFORMATION: Additional information about Bueling, Inc. can be found at http://www.bind.com.ua.
CONTACT: Jim Bueling, bj (at) bind.com.ua. Rubina Davtyan, rd (at) bind.com.ua.
USUBC MEMBERSHIP NOW OVER 120 AND STILL GROWING
One-Hundred Twenty Members, June 2010, Membership in January of 2007 was 22.
The complete list of USUBC members can be found at: http://www.usubc.org/members.php.
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