Noerr LLP: New Opportunities for Investors in Eastern Europe's Growth Markets - Fourth Annual Russia&Ukraine Day at Noerr
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Noerr LLP: New Opportunities for Investors in Eastern Europe's Growth
Markets - Fourth Annual Russia&Ukraine Day at Noerr
DGAP-Media / 20.09.2011 / 14:47
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New Opportunities for Investors in Eastern Europe's Growth Markets - Fourth
Annual Russia&Ukraine Day at Noerr
Munich, 20 September 2011.
Even during the Euro crisis, the Russian market remains the growth engine
in Europe and offers a stable investment environment. But the Ukraine too
has succeeded in promoting investment after the dismantling of bureaucratic
obstacles. This was the conclusion of the participants at the fourth Munich
'Russia&Ukraine Day - New Perspectives in Europe's Growth Markets' held
by the international law firm Noerr which has been active in Central and
Eastern Europe for more than 20 years and has its own offices in all
important markets there. Approximately one third of the 470 Noerr lawyers
work in the region.
'With the growth rate forecast by the European Bank for Reconstruction and
Development of around 4.5 percent, both Russia and the Ukraine are above
the Western European level', emphasized Noerr Partner Dr. Peter Zier who
coordinates the Eastern European business of the law firm. It is
particularly positive that the Ukraine has improved the investment climate
with further reforms.
This was reported by the Noerr Partner Dr. Mansur Pour Rafsendjani,
Managing Partner of Noerr's Kiev office, who sees ever more investors in
the Ukraine at present: 'The fact that the Ukraine has tackled some
important reforms has contributed to this.' For example, the number of
public law permissions required for the construction of a production
facility has been considerably reduced and there are fewer administrative
regulations standing in the way of rapid implementation of investment
projects. 'Above all, banks, including foreign banks, again make more funds
available', said Pour Rafsendjani.
'Joint ventures play a significant role in investments in the Eastern
European markets', reports Björn Paulsen, Managing Partner of Noerr's
Moscow office. Paulsen advises German groups on entering the Russian market
as well as on entering joint ventures with Russian partners, most recently
Siemens in the regional train joint venture with the Sinara Group.
'Cooperations with Russian companies offer advantages to the German
partners', emphasized Paulsen. These include the Russian partners'
knowledge of the market, local know-how and established sales structures.
The growing number of professionally managed industry parks also
contributes to the improvement of the conditions on the Russian market -
that was the result of the podium discussion chaired by the Muscovite Local
Partner and head of the Russian Desk in Munich, Ekaterina Evdokimova, LL.M.
The participants in the discussion included Maxim Ivanov, chairman of the
management board of the Association of Industry Parks in Russia and
Alexander Markus, member of the management board of the German-Russian
Chamber of Foreign Trade.
A further subject at the meeting was investments in renewable energy
projects. Not only is there a great backlog in Eastern Europe - the
investment conditions particularly in the Ukraine are attractive for solar
and wind power projects, reported Alexander Weigelt, LocalPartner at Noerr
in Kiev. The Ukraine intends to increase the share of alternative energy
forms in the energy mix of the country from below one to up to six per
cent. 'This opens new market opportunities for investors', said Weigelt.
The statutory setting of a 'green tariff' has contributed to this.
Among the other speakers were, apart from Stefan Wolfgang Weber (Local
Partner, Moscow) representatives from politics and industry. Their subjects
included investment strategies and questions of project financing and
security risks in the implementation of concrete investment projects.
Matthias Schulte
PR-Manager
Assessor jur.
Noerr LLP
Börsenstraße 1
60313 Frankfurt am Main / Germany
T +49 69 971477418
F +49 69 971477100
M +49 171 9777705
matthias.schulte(at)noerr.com
End of Media Release
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Datum: 20.09.2011 - 14:47 Uhr
Sprache: Deutsch
News-ID 67668
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