Oleksiy Didkovskiy Participated in the Membership Meeting of the Newly Established Norwegian-Ukrainian Chamber of Commerce

On 26 March 2009, Asters' managing partner Oleksiy Didkovskiy spoke at a special event of the newly established Norwegian-Ukrainian Chamber of Commerce (NUCC) held in Oslo, Norway. The purpose of the meeting was to examine and discuss the state of the investment climate in Ukraine for purposes of properly determining strategic and tactical plans for the Chamber to operate.

The meeting brought together about 30 participants, mainly Norwegian business representatives and state officials. The Ambassadors of Norway and Ukraine also attested to the international significance of the Chamber's establishment by their participation in the forum, during which such issues were highlighted as political and legislative realities, as well as risks and possible business solutions under the conditions of the current situation in Ukraine. The speakers devoted particular attention to the new Law of Ukraine “On Join-Stock Companies” and on working conditions in the energy sector in Ukraine.

In his presentation entitled "Investing in Ukraine 2009: Planning in Turbulent Economic Environment" Oleksiy Didkovskiy revealed the progressive and inconsistent aspects of the newly adopted Law “On Join-Stock Companies”, the particularities of legislative regulation and current trends in the oil & gas sector, as well as the alternative energy sector in Ukraine.

Emphasizing the importance of the establishment of the Chamber, Mr. Didkovskiy said, "I'm proud that business relations between Norway and Ukraine have reached such a level where both businesspeople and governmental officials concur that they are prospective and full of much promise. International practice shows that chambers of commerce become irreplaceable guides and defenders in the labyrinth of legal regulation of foreign investment. I am sure that the newly-born Norwegian-Ukrainian Chamber of Commerce will no different. And Asters will definitely assist it in this process".

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The Norwegian-Ukrainian Chamber of Commerce (NUCC) was established in November 2008 in Oslo, Norway. According to the Chamber's Charter, the organisation’s mission is to increase the level of business cooperation between Ukraine and Norway. The Chamber must, on a commercial basis, offer such services as recommendation and information support with respect to the economic conditions in Norway and Ukraine, conduct such events as seminars and conferences, and present analytical reviews of import, export and investment opportunities in both countries. Members can be legal entities, as well as individuals, and also any organisations interested in business relations between Norway and Ukraine. Mr. Thor A. Halvorsen, Senior Vice President of Telenor, was elected Chairman of NUCC.