Zenon Potichny

1. ZENON POTOCZNY, PRESIDENT
CANADA-UKRAINE CHAMBER OF COMMERCE (CUCC)
Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.

2. Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.
Overview of Progress
European Commission issued a report in December 2016 :
“Ukraine is carrying out intense and
unprecedented reforms across its economy
and political system, while its democratic
institutions have been further revitalized.”
Reforms have had the most impact on increasing investment and
business development.

3. Reforms:
 Anticorruption
 Decentralization
 Financial Sector Reforms
 Economic Reforms
 Energy Sector Reforms
 Justice Sector Reforms
 Health Sector Reforms
 Security Sector Reforms
Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.

4. Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.
Source: State Statistics Service of Ukraine

5. Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.
Prices and Inflation are falling
Source: UkraineInvest

6. Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.
Ukraine is Back! Anders Åslund,Atlantic Council
For the first time in five years, Ukraine sold its bonds
on the international market. On September 18, the
Ukrainian government sold $3 billion of fifteen-year
Eurobonds with a 7.375 percent annual yield. The
bond issue was oversubscribed by more than three
times. Initial statements mentioned a planned sale of
$2.5 billion.

7. Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.
Ukraine in International Ratings
Ease of Doing Business:
◦ 96th ↑ 80th place
EBA Investment Attractiveness Index
◦ Negative to neutral
Global Innovation Index
◦ 64th ↑ 50th
Human Capital index
◦ 64th ↑ 26th
Global Open Data Index
◦ 54th ↑ 31st

8. Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.
What Ukraine has to offer:
 99.7% Literacy rate
IT and Fashion
 Ukraine is #1 software programming force in Central and Eastern Europe
 WhatsApp
 Paypal
 Over 100 global companies have software and RD facilities set up in Ukraine
Agriculture
 1/3 of world’s black soil
 #1 exporter of sunflower oil
 #2 exporter of grain
 #3 producer of corn
 In 2016 share of agro products in total exports made up 42%

9. Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.
Energy Sector in Ukraine
• Royalty rates decreased to 14% [over 5 thousand meters]
• 29% for less than 5 thousand meters
• Starting in 2017 local budgets retained 5% of the royalty payments
• New law on natural gas market, April 2017
• Service contracts, lease agreements and PSAs are the new standards of
doing business
• Draft law being considered for lowering the royalty rate to 12% on new
wells
• Renewable energy
• The green tariffs in Ukraine are compatible to EU feed-in tariffs

10. Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.
International Success Stories

11. Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.
Canadian Success Stories

12. Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.
5 months 5 months 5 months
2015 2016 2017
Import from Canada to Ukraine

13. Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.
5 months 5 months 5 months
2015 2016 2017
Export from Ukraine to Canada

15. CONTACT US
HQ - Toronto
145 Evans Avenue, # 211
Toronto, ON M8Z 5X8
(416) 253-6700
Lada.Kozak@cucc.ca
Lada Kozak
Executive Director
Ukraine Office
6 Muzeyny Lane
Kyiv, Ukraine, 01001
+380 44 495 8551
ukraine@cucc.ca
Alberta Office
8103 127 Ave NW, # 8
Edmonton, AB T5C 1R9
(780) 700-9292
alberta@cucc.ca
Vitaliy Milentyev, President
Toronto | Kyiv | Alberta
The business gateway between Canada & Ukraine.
www.CUCC.ca /cucc.ukraine/ @cucc_ukraine

16. ZENON POTOCZNY
PRESIDENT, SHELTON PETROLEUM

17. Zhoda Investments invests in
selected unlisted European
ventures and drives growth and
profitability through active
ownership and an entrepreneurial
approach.
Zhoda Investments has been
operating on the Ukrainian oil
and gas market since 2003.

18. ZHODA INVESTMENTS
 Invests in unlisted European ventures
 Active ownership and entrepreneurial approach to drive growth and profitability
 Return target of 20 per cent per year
 Majority shareholder in an organic wine producer in Dalmatia with a 47 hectare vineyard with
local grapes
 Vision to reach 1 million bottles of premium wine per year
 Oil production in Ukraine of 326 barrels per day and 2P reserves of 8 million barrels
 The Lelyaki license has been recently prolonged for 20 years
 Significant board and management ownership

19. Zenon Potoczny
President, M. Sc., MBA
zenon.potoczny@sheltonpetroleum.com
Tel: 416.252.4101
www.zhodainvestments.com
145 Evans Avenue, Suite 212
Toronto, Ontario M8Z 5X8