Editor's Note: The following is a statement from the US-Ukraine Business Council with offices in Washington, D.C. and Kyiv.
WASHINGTON, DC – On behalf of its 200 members, US-Ukraine Business Council (USUBC)www.usubc.org congratulates the new President of Ukraine Petro Poroshenko and looks forward to a Comprehensive Dialog Between the Government of Ukraine and International Investors to ENHANCE prosperity and the European integration of Ukraine. President Poroshenko took the oath of office today.
“We see this moment as a historical chance for Ukraine to fully integrate into Europe, the Western world and international community with it’s democratic values and private business culture. We also see a unique chance for one man to go down in the history of his country as a president who stood with his people during their battle to overthrow a totally corrupt government and will help lead them to a new day, “said Morgan Williams, Director, Government Relations, Washington, DC office, SigmaBleyzer, who serves as president of the US-Ukraine Business Council (USUBC).
“This opportunity is the result of remarkable courage and great suffering of millions of Ukrainians to forge a free, independent and democratic future for their homeland. President Poroshenko will face array of challenges as Ukraine’s new president, but he has the strong support of his people and an endorsement from the internationalcommunity. US President Obama declared publicly the support of the US to Petro Poroshenko in building anindependent sovereign European state, “Williams stated.
Being strongly convinced that Mr.Poroshenko himself is a brilliant entrepreneur and business leader, business leaders anticipate this opportunity won’t be lost and the necessary conditions for improvement of the business climate in Ukraine would be secured as well as peace and security for people all over the country. Business agrees with his statement that “without bringing new technology, attracting new investors and building necessary investment climate Ukraine will not become a competitive country.” USUBC hopes along with stabilizing the violence in the East, the new President will rapidly tackle the severe problems in Ukraine’s economy such as corruption and the lack of capital to finance business.
The macroeconomic support provided by IMF, EU, and the US is extremely important for the private sector, as the governmental financial structure needs to be stabilized as soon as possible. The business community would like to see much more OPEC, USEXIM Bank, IFC, EBRD and other international financial institutions’ support providing operating and equity capital for the private sector. Massive financing is needed both for the public and private sectors, if Ukraine is going to move forward on the economic and business front. The governments who are supporting Ukraine need to send a strong signal to their governmental and the international financial institutions to create and implement large emergency financing programs in Ukraine, “said Williams.
Being Known as a strong opponent of Corruption and Supporter of democracy and transparency in Business Ukraine US-Ukraine Business Council (USUBC) www.usubc.org will Continue to Stand by the People of Ukraine and ElecteD Their new President as they work to overcome exceeding challenges and to breakthrough towards a better future.
