Lviv Business

Tax-free shopping – how does it work?

Issue 39, October 2011.
The attractiveness of shopping abroad has become more and more widespread among the citizens of Ukraine recently.

EBA Personality: Piret Haahr, CEO DP Lvivtex

Issue 38, September 2011.
How do you assess business sectordevelopment in the Lviv region so far in 2011 and what are your business development predictions for 2012? I’ve been developing various businesses in Western Ukraine for the last 10 years and during this period I can definitely say that the business sector developed significantly. This year business activity has revived after the crisis and I notice more investors coming to Lviv as well as increase in turnover for existing companies. Due to the impressive infrastructure development as a result of EURO 2012, I’m sure that next year’s business sector development will reach new levels. The new airport for example, will significantly increase economic activity.

EBA Personality Mr Jiro Olcott of ZvitNet LLC

Issue 37, July 2011.
This month, we ask Mr Jiro Olcott of ZvitNet LLC for his opinions on regional business development prospects and principles of management that foster successful business climate.

IT services VAT-able again!

Issue 37, July 2011.
Will it hit Lviv IT services providers? During the last few years Lviv has become one of the most rapidly growing centres of the IT industry in Ukraine and has every chance to develop further in this direction. Lviv is one of the regional leaders of the IT industry in Ukraine (along with Kharkiv and Kyiv) due to competitively priced labour, a high number of technically trained and skilled people, low cost of services and relatively-developed infrastructure. International demand serves as a trigger for Ukrainian (including Lviv) IT industry development. Local Ukrainian IT companies have also started to see more opportunities on the domestic market. Hopefully the growing number of orders from foreign and local clients will drive competition among software companies, which in turn will strive to provide better quality products and services.
Ihor Pikhurko Financial Director  Hafele Ukraine

Talking point:VAT issue update

Issue 36, June 2011.
Though the investment climate in Ukraine improves, the VAT refund issue is still one of the most critical obstacles to attracting foreign investment. Most companies have the legal right to claim VAT reimbursement but few of them can state that it is an easy process.Automatic VAT refund procedures have already been introduced in the 2011 Tax Code.

EBA Personality

Issue 36, June 2011.
KLINGSPOR’s CEO Mr. Roland Kaschny deliberates on Western Ukraine business development prospects and principles of management that foster successful business climate.

Tax Reforms in the Tourism Industry: How Do Things Work Today?

Issue 36, June 2011.
The historic sightseeing places of Lviv attract approximately 1.5 mil¬lion tourists every year. This number is currently growing due to the European championship EURO 2012 along with the city’s approved strategy of economic development. The role of tourism is difficult to overstate. In fact, out of fifteen economic clusters operating in the city, tourism was recognized as one of the core spheres of the Lviv economy (along with business services).

LVIV INVESTMENT ON THE AGENDA

Issue 35, May 2011.
With Euro 2012 fast approaching and the new realities presented by Lviv’s soon-to-be vastly improved infrastructure set-up starting to sink in, the annual Spring Business forum at Leopolis Conference Hall in Opera Passage

Talking point: Lviv’s 2022 Olympic Bid

Issue 35, May 2011.
Speaking recently at the meeting of the Regional Committee on Economic Reforms in Lviv, President Viktor Yanukovych once again underlined his support for the West Ukrainian capital’s ambitious bid to host the 2022 Winter Olympic Games. President Yanukovych stressed that the future success of any Western Ukrainian Olympic bid would be directly linked to the performance of Lviv as a host city dur¬ing the Euro 2012 championships next summer. “If we pass this exam and host a successful Euro 2012 then the road to the Lviv Winter Olympics in 2022 will be open,” commented the Ukrainian President. Lviv will face stiff competition in the shape of expected rival bids from Poland, USA, China and Romania among others, but the city’s Euro 2012 improvements will give it a head start on many alterna¬tive bids and create both an infrastructural foundation upon which to build and the psychological momentum which all winning bids require.

EBA Personality

Issue 35, May 2011.
To mark the launch of regular monthly cooperation between Lviv Today magazine and European Business Association Western Ukrainian branch we interviewed Udo Heine, EBA Western Ukrainian Branch Board Chairman and the CEO of Hotel Leopolis, Opera Passage and Opera Market.