On 3-4 February 2011 in conference rooms of the Novotel Hotel and in the Warsaw Stock Exchange Building, the 10th Polish – Ukrainian Economic Summit took place. It was organized by the Eastern Club and the Polish – Ukrainian Chamber of Commerce.
Businessmen, enterpreneurs and company directors participated in the summit. During the talks the main topic was the improvement and intensification of economy and administrative cooperation between the two countries. The president of the Polish – Ukrainian Commerce Chamber, Jacek Piechota, underlined, that the Polish business is tired of Ukrainian bureaucratic barriers and huge corruption, that negatively influence the local and foreign businessmen when doing business in Ukraine. The President of Ukraine, Viktor Yanukovych, underlined that 20 years of changes and remaining in the post-soviet system lasts way too long.
The President of Poland, Bronisław Komorowski, said that Poland has been supporting Ukraine for many years and is still ready to share its experience. He also mentioned the necessity to continue deep and wide reforms. The President underlined that behind the success of Poland was early conducted administrative reform that consisted of decentralization of administrative structures. In his opinion, it is important to finish the land reform and support and respect of the private property and ownership. President Yanukovych reaffirmed that reforms launched by his team will last, that Polish enterpreneurs will not encounter such strong bureaucratic and administrative barriers as it took place in the past and the VAT will become fully refundable for the foreign investors. He underlined the importance of the investment and co-financing plan introduced in Ukraine. He encouraged Polish enterpreneurs to incest into Ukrainian infrastructure, agriculture and other kind of industries.
Guests encouraged Polish investors to incest in Ukraine, especially in the Dnepropetrovskaya Oblast. Polish Agency for Information and Foreign Investment signed a contract with its Ukrainian counterpart that should make it easier for Polish and Ukrainian investors to take and insure loans for investment in Ukraine. Ukrainian investors were encouraged to register their businesses in Poland so they could arrange funding from the EU.
On Friday, February 4th a final debate took place. The work of 5 working groups headed by Polish and Ukrainian Ministers was presented to the Presidents of Poland and Ukraine. Debates revolved around the most important topics, according to the Polish and Ukrainian business representatives. The participants talked about investments, trade, tourism, energy industry and infrastructure cooperation. Also the subject of the role of the local governments in the economy cooperation. The importance of unification of the Ukrainian law with the law of the EU was discussed, as well as the need to create a free trade zone between Ukraine and the EU.