#News

Summing Up Kyiv International Economic Forum

Point of view
It was a pleasure to be among speakers of the Kyiv International Economic Forum, an international platform aimed at shaping the economic future of Ukraine. We discussed a critical issue of building the business and shared the experience of running it effectively. Together with other speakers, we answered many essential questions regarding the business in Ukraine.
Alex Lutskiy,
Founder and CEO of Innovecs

Key Points of KIEF 2019

Now, we are ready to share some insights and key points discussed at the forum this year:

  • Trade wars and their impact on the Ukrainian economy. Various fluctuations always happen in the international economy and the impact of trade wars is not a determinative factor.
  • The new economic crisis is round the corner. Experts think that the future economic crisis will greatly influence Ukraine. The decline in sales can be the key indicator of this crisis.
  • Investments are needed to stand the crisis. To avoid a crisis or reduce its negative impact and be able to gain economic growth, the country needs to involve more long-term investments.
  • Climatic variations affect business operations. The changes in climate can be a critical factor in shaping business processes. These changes force companies to implement green technologies that are becoming the drivers of global economic growth.
  • Global standing is a new currency. Reputation in the modern world is becoming a new currency, a self-sufficient economic factor that contributes to the country’s success and the success of business structures on the global level.
  • The young generation will change the world. It is important to invest in crazy smart young people, their startups and small businesses. This is the future of Ukraine and its economy.
Point of view
Help young people. Help small guys. Because small guys will be big. Young people will have the seeds you bury in their minds, and when they grow up, they will change the world.
Jack Ma,
Co-founder and former executive chairman of Alibaba Group

Bottom Line

KIEF 2019, that has been taking place in Ukraine since 2014, has covered the biggest number of attendees and become the biggest event throughout its existence.
This forum remains a debating platform for developing new business strategies aimed at enhancing the Ukrainian economy. The hosts of the event forecast the next forum will be even bigger and will cover more geographies.