Lviv Business

Tax Reforms in the Tourism Industry: How Do Things Work Today?

Issue 36, June 2011.
The historic sightseeing places of Lviv attract approximately 1.5 mil¬lion tourists every year. This number is currently growing due to the European championship EURO 2012 along with the city’s approved strategy of economic development. The role of tourism is difficult to overstate. In fact, out of fifteen economic clusters operating in the city, tourism was recognized as one of the core spheres of the Lviv economy (along with business services).


Issue 35, May 2011.
With Euro 2012 fast approaching and the new realities presented by Lviv’s soon-to-be vastly improved infrastructure set-up starting to sink in, the annual Spring Business forum at Leopolis Conference Hall in Opera Passage

Talking point: Lviv’s 2022 Olympic Bid

Issue 35, May 2011.
Speaking recently at the meeting of the Regional Committee on Economic Reforms in Lviv, President Viktor Yanukovych once again underlined his support for the West Ukrainian capital’s ambitious bid to host the 2022 Winter Olympic Games. President Yanukovych stressed that the future success of any Western Ukrainian Olympic bid would be directly linked to the performance of Lviv as a host city dur¬ing the Euro 2012 championships next summer. “If we pass this exam and host a successful Euro 2012 then the road to the Lviv Winter Olympics in 2022 will be open,” commented the Ukrainian President. Lviv will face stiff competition in the shape of expected rival bids from Poland, USA, China and Romania among others, but the city’s Euro 2012 improvements will give it a head start on many alterna¬tive bids and create both an infrastructural foundation upon which to build and the psychological momentum which all winning bids require.

EBA Personality

Issue 35, May 2011.
To mark the launch of regular monthly cooperation between Lviv Today magazine and European Business Association Western Ukrainian branch we interviewed Udo Heine, EBA Western Ukrainian Branch Board Chairman and the CEO of Hotel Leopolis, Opera Passage and Opera Market.

Lviv’s Danish connection

Issue 35, May 2011.
One of the more curious quirks of the West Ukrainian investment landscape is the disproportionately large Danish presence throughout the regional economy. Predominantly focusing on manufacturing and outsourcing, this Danish business community is one of the key driving forces behind the development of West Ukraine’s investment climate and continues to be among its most vocal and high profile components. Indeed, such is the scale of the Danish presence that guests attending a gathering of Lviv’s international business community for the first time would be forgiven for thinking that they had walked in on a meeting of the local Scandinavian Chamber of Commerce. Such is the prominence of West Ukraine’s Danish business community that in 2010 the Danish Business Association (DBA) was established to help provide a coherent institutional platform for Danish business interests in the region. The DBA was founded and is headed up by Lars Vestbjerg, a long-term Danish expat and well-known member of Lviv’s international community who has previously served for five years as Chairman of the Board for the European Business Association’s West Ukrainian branch. DBA Chairman of the Board Vestbjerg has been the General Manager of Sika Footwear since 2003 and hopes to use his wealth of experience in West Ukraine to help build a more competitive investment climate and to entice even grater numbers of Danish investors to opt for West Ukraine as their location of choice in Eastern Europe.
Edward Ma (representative of newly joined  EBA member company Progeny Solar)


Issue 34, April 2011.
Late March saw an EBA Bowling Tournament at Lviv’s ‘Mi100’ entertainment centre. The EBA’s Regional Manager for West Ukraine Maryana Lutsyshyn welcomed a large field of competing executives from EBA member companies.

Production potential on the EU’s doorstep

Issue 34, April 2011.
Any room to maneuver? Serhiy Verlanov of PwC Ukraine’s Lviv office explores toll manufacturing in Ukraine. Toll manufacturing – the practice of employing companies to process raw materials or semi-finished goods – has proved particularly suited to the modern Ukrainian economy.

Connecting Lviv to the World

Issue 33, March 2011.
The arrival of Turkish Airlines in Lviv in 2010 was the strongest indication yet that the West Ukrainian capital had arrived as a major regional tourism and business destination. Over the past year the airline has enjoyed a high profle in Lviv while its reputation for good quality service and excellent international connections has been considerably enhanced.
Tijana Jocic, of Saubermacher Dienstleistungs AG


Issue 33, March 2011.
The Austrian Embassy in Ukraine’s Commercial Section organized a recent business seminar in Lviv on the subjects of Renewable energy, energy efficiency, construction and infrastructure.
Magdalena Patrzyk

Can Lviv attract Shared Service Centres?

Issue 33, March 2011.
Nowadays countries, regions and cities compete in attracting investors to locate their businesses in strategically attractive locations. This global trend certainly applies to Ukraine. Selecting a location for a Shared Service Centre (SSC) is a very complex process and different factors should be consid¬ered, including cost-benefit analysis in the short, medium and long-term perspective. There are numerous examples of cities in Central and Eastern Europe that have proved attractive for multinational companies to locate their Shared Services Centres, e.g. Budapest (Hungary), Krakow (Poland), Bratislava (Slovakia). I would like to address, the question of whether Lviv can develop into a potentially attractive location for setting up SSCs for international companies operating in the CEE region.