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Pinchuk Takes Government To Davos.

Pinchuk Takes Government To Davos.

31 January 2008

On January 29, one of Ukraine’s wealthiest businessmen, Viktor Pinchuk, the son-in-law of former President Leonid Kuchma, invited several members from the current government take part in the World Economic Forum in Davos Switzerland. Even though no official delegation had been invited from Kyiv this year, Pinchuk, a major oppositional figure, arranged for several members of the current government including Economic Minister Arseniy Yatsenuyk to attend the conference and meet with some of the top names attending the conference.  Concorde Capital: This unorthodox move by Pinchyk, who is fighting to hold on to Nikopol Ferroally (NFER: SELL), might be his hint to the government, “you can catch more flies with honey.” Though the news was not widely covered in the Ukrainian press, reports out of Switzerland claim that Pinchyk reserved a large conference hall in Davos where he arranged a gathering of about 150 people for his “Ukrainian delegation.” Among others the delegation met with the head of the European Bank for Reconstruction and Development, JeanLemierre, US business magnet George Soros, and Polish President Aleksander Kwasniewski. According to reports, Yatsenuk said he expects more than USD 3 bln in foreign investments to come to Ukraine next year.

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