Viva la Revolucion" investment conference organizers state that only improvements in the country's macroeconomic indicators can be reason for international rating institutions to improve Ukraine's standing. Ukraine will be able to improve its international sovereign credit ratings during the next two quarters only if the new government will manage to improve budgetary and fiscal policy, says John Suggitt the managing director of Kyiv-based Concorde Capital" investment company.
(PRWEB) January 20, 2005 -- In Mr. Suggitt's view, the very fact of a new government will not influence Ukraine's international ratings, due to the fact that major rating companies such as Moody's, Fitch and S&P have focused their attention more on economic indicators than on the political situation in the country. Thus, by changing the non-transparent and declaratory state budget, improving the indicators of budgetary discipline as well as signals of country's pro-european course may boost the sovereign credit rating of Ukraine.
The ratings published by the aforementioned agencies serve as a major reference point for international investment funds that will participate in Viva la Revolucion " investment conference, Kiev, January 20th to 22nd. Among the more than 70 companies that have already confirmed their participation are world leaders such as ING Capital Markets, Credit Anstalt IB, East Capital Management, Hansberger Group, Swiss First and others. According to analysts of Concorde Capital" estimations, the sum of the assets of international investors that are planning to participate in the conference equals roughly $35 billions.
Ukrainian politicians will be represented by high-ranking officials during the investment conference. The deputy -head of the parliamentary budgetary committee Valerij Asadchev, the deputy of the head of the parliamentary committee on financial and bank activities Viktor Kapustin, the head of State commission for securities regulation Anatolij Baljuk, the deputy of the head of Ukraine's national bank Arsenij Jacenjuk as well as other representatives of country's political elite will be present at the conference.
The new investment prospects of Ukraine proved to be important for a number of major Ukrainian companies. Among those are such top-level contributors to country's economy as NAC Nafrogaz Ukrainy, Zaporizhstal, Ukrnafta, Centerenergo, AvtoKRAZ, Dniproazot, Southern inustrial investment group, Stirol, Privat group and others. According to estimates made by Concorde Capital the combined MCAP of Ukrainian participant companies equals around $5 billions.
John Suggitt, whose company along with Verkhovna Rada (Parliament) of Ukraine, is an organizer of the Viva la Revolucion" investment conference considers the establishment of direct contacts between representatives of the Ukrainian political and economic elites and the world investment community to be the event's principal aim. Dialogue like this that will allow all parties involved in the investment processes to develop transparent rules of interaction that are essential for establishing fruitful and mutually advantageous cooperation between them.
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