The USUBC Advisory Council Welcomes Burisma Holdings as its newest member

November 18, 2015

The American-Ukrainian Business Council is the largest business association investing in Ukraine, and the most influential and vocal.Burisma Holdings, Ukraine’s largest independent oil and gas E&P company joined the US-Ukraine Business Council (USUBC). The correspondent decision was announced on November 16 by the USUBC President Morgan Williams at a new members’ gala dinner.

Burisma Holdings is one of 12 new companies to join the USUBC, and the only oil & gas company. The US-Ukraine Business Council also accepted prominent companies, including American Industrial Holding DSS Propulsion Inc., a consulting company for security systems NBC Security and an engineering Company Schweitzer Engineering Laboratories. Among others, the USUBC welcomed as its members the Ukrainian branches of such companies as the industrial heavy engineering holding Amsted Rail and IT-giant Hewlett Packard Enterprise, a tobacco consortium JT International Company Ukraine (JTI), the consulting firm Deloitte and WE Partners, law Firm EVERLEGAL, office EuroCape, engaged in designing and construction of wind power plants as well as the private equity fund Western NIS Enterprise Fund.

The American-Ukrainian Business Council is a private non-profit trade association that represents the interests of American companies operating in Ukraine.

«The USUBC remains a clear and strong international business voice advocating for foreign investments in Ukraine, consulting the US government on issues of economic development and the business environment in Ukraine. The country is going through change, constantly growing, and this process is irreversible. We see the openness and desire, which made it possible for US companies to enter the Ukrainian market, and it will eventually bear fruit. We are very pleased that more and more American investors and companies are looking at Ukraine as a potential market for financial investments and industrial production. It only contributes to the development of American-Ukrainian relations. The fact that Burisma Holdings is teaming up with the USUBC reflects the desire of business leaders to introduce international standards in this strategic sector of the economy”, says the Advisor to the Board of Directors at Burisma Holdings Vadym Pozharskyi.

Burisma Holdings is the USUBC 213th member that will work in the energy sector, along with companies, including Chevron, ExxonMobil, Shell Oil Company, Trans-VISMOS JSC, Westinghouse and other 14 companies represented in the fuel and energy complex of Ukraine. The American-Ukrainian Business Council is the largest business association investing in Ukraine, and the most influential and vocal.

“The American-Ukrainian Business Council is the largest business association investing in Ukraine, and the most influential and vocal “Ukrainian” Business Association outside of Ukraine, based in the United States. This platform brings together 100 largest investors in the Ukrainian economy. Therefore, we regard Burisma Holdings’ invitation to enter the USUBC as a desire to join efforts with major foreign investors in reforming and building a transparent gas market in Ukraine to ensure its energy independence”, says  Vadym Pozharskyi.

According to him, today, more than even before, Ukraine needs rapid effective reforms in the domestic gas production market, but in order to do so, we need to solve one major issue that is attracting investments. This, being possible, only through tax policy changes at the state level and lack of direct industry control from the authorities. Only with clear and predictable long-term development strategy, will we be able not only to attract investments, but also to contribute to the consolidation of Ukraine’s status as one of the largest European gas producing countries.

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