Summing Up Kyiv International Economic Forum

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November 15, 2019 2 min read

Kyiv International Economic Forum (KIEF) is over, and we are ready to share the results of Innovecs’ participation and our impressions.

KIEF is an international platform that brings together people who are eager to make changes. It is aimed at discussing global business, economic, and entrepreneurship opportunities and trends, and their connection to societal matters.

This year, KIEF has gathered over 2000 attendees and 100+ speakers from more than 30 countries.

We were happy to take part in KIEF and be present among people and companies that change the Ukrainian business and economic landscape.

alex lutskyi kief

For 8 years on the market, Innovecs has reached much including the development of the best management practices, creation of innovations, understating of internal operational and employee-oriented mistakes and ways to solve them.

kief ukraine

At the forum, we have talked about the challenges of tomorrow and the skills needed to meet them. We understand that the future of Ukraine depends on people and companies who are open to consistent innovations and think globally. We want to be part of the future and impact it positively.

 

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.
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.

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April 3, 2020
Message from CEO Alex Lutskiy on COVID-19
To all Innovecs employees, clients, and partners As the COVID-19 outbreak continues to develop and affect people globally, I want to personally update you on the steps Innovecs is taking to maintain our business operations and ensure the health and safety of our staff. We remain committed to ensuring the superior service our clients have come to expect from us. We monitor the situation closely and remain watchful to the recommendations of government and public health authorities. Our R&D teams, as well as all other employees, continue to work remotely, and we are ready to adjust the measures in response to changing quarantine circumstances. We have established a special COVID-19 team within senior management to respond to the ever-changing impact of the coronavirus and to protect employees’ health and safety. We have also set up regular online meetings to keep up to date and plan activities so that we could advise our customers and coordinate our teams accordingly. And we continue to provide our internal and external audiences with the relevant webinars and online events with regard to the new world order. To combat the spread of the disease in Ukraine, Innovecs has created the “Innovecs COVID-19 Fund” in the amount of 1,500,000 (one million and a half) hryvnias. The fund is directed to support the initiatives that fight coronavirus, as well as to ensure the safety of the company’s employees and their families. As part of this initiative, Innovecs purchases and installs an oxygen pipeline system at one of the Kyiv hospitals. This is a challenging period for everyone, and the situation is changing rapidly, but Innovecs is responding to it with unity, as a company, and as a team. I believe that when we stand together through moments that bring uncertainty and seem dark, we come out even stronger in the end.  Thank you for your patience and attention throughout this stressful time. As an employer and a partner, Innovecs is confident in our business continuity plan and our ability to provide support to our clients and staff. It is my sincere hope that our efforts and those of businesses, communities, and governments will empower the containment of the coronavirus and enable a speedy recovery for people around the world. In the meantime, let’s stay safe and help others keep safe too.   Sincerely, Alex Lutskiy Innovecs CEO & Founder  
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