Michael Katsnelson, CFA, CPA

Concorde Capital is entering a new investment field - the transportation market. According to our calculations, the volume of legal road transportation in Ukraine is UAH 7 billion a year (if we count "gray" transportation, it is several times more). We will be entering this area through infrastructure projects, and the first one will be the reconstruction of the “Kyiv” bus station. This is the one called the "pit". And believe me, if someone doesn't know, the popular name came about for a reason. It really is a "pit", if not the “bottom”. We estimate that the station's passenger traffic is about 10 thousand people a day, which is 400 bus trips plus or minus. The reconstruction will require significant capital investments and will be implemented in two stages. The first stage - separation of bus and car traffic - has already taken place. The second stage is the in-depth renovation of the building and surrounding territory in accordance with European standards. Passengers will get high quality service. There will be a waiting area, a food court, a lounge, a playroom for children, a first-aid post, and commercial premises. I can assure you that the changes will be very significant. https://lnkd.in/dDXEngKv

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Our Head of Communications and Partnerships, Olena Kuryacha, has seen how the Lviv logistics center PORT works from the inside 👏 ☝️ It was a working visit to exchange experiences with the Ukrainian Entrepreneurs Association. 👏 A valuable journey through the territory of a modern logistics center operating on ESG principles (environmental, social, and corporate governance). For example, the center preserved a natural lake during construction, even though filling it would have been cheaper. 💬 "We had the opportunity to see how a 4-story distribution center works, where most processes are automated, and manufacturing enterprises. Everybody especially liked our Ukrainian peanut butter producers." Our delegation spent an hour at this plant! It's crucial to see how things are done, and infrastructure is created because this is an experience you won't learn in universities. Once again, I was convinced of the strength of Ukrainian business. Everyone has ambitious export plans," Olena said. So, let's continue working for the development of the economy and exports 🇺🇦💪 Read Bureau of Investment Programs on Facebook 👉 https://lnkd.in/evrVDqdG

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This Saturday, I was glad to join an important discussion at the Open House Forum organized by UCU Business School (LvBS) on "How to launch Ukrainian breakthrough products?" With Scott Sehlhorst, Olena Zanichkovska, and Mykola Maksymenko, we discussed the best trends in Product Development and Marketing. Some of my key points during the conversation: - The product-oriented mindset differs from the service-oriented mindset. However, we have the potential to change that. Venture investments and private equity seek new markets, and Ukraine remains highly attractive. Once the war is over, we anticipate a surge in investment because of our market's significant potential. To adopt a product-oriented mindset, we must make many right decisions. Yet, before we can make the right decisions, we will have many failures. And that's also part of the product mindset. Try to fail to see what didn't work so that you gain that experience.  Over the past two years, I've seen that investors are less concerned about the geographical origin of entrepreneurs, as this market doesn’t have a national identity. Their primary focus is on investing in strong founders. Despite everything, Ukrainian startups still make great products and sell them all over the world. Being a Ukrainian is a competitive advantage that can and should be used properly during pitches.

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The current restaurant market in Baku demonstrates highly unpredictable volatility. This is primarily due to the lack of market analysis and the absence of proper financial modeling before launching and investing in new projects. Secondly, the market is oversaturated, particularly with restaurants offering European and other non-local cuisines and concepts. We have witnessed several large chain restaurants with strong concepts closing their doors. Some failed due to poor location choices, others because of unsuitable concepts, and others still due to inadequate advertising and marketing strategies. Amidst this challenging environment, beer restaurants and pubs are showing remarkable growth. These establishments align with local cultural trends and concepts, offering menus that often rival or exceed those of traditional restaurants. The local audience's primary preference leans towards a variety of cold and hot appetizers served in small portions—ideal for long social gatherings. The key takeaway for launching a restaurant business is either to follow existing trends or to create new ones.

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It feels like the world hasn't learned any lessons from the most devastating war of the last century. Many have pointed out that what is happening now follows the exact scenario that unfolded nearly a hundred years ago - from appeasing a tyrant and the illusory peace that only delayed the inevitable war, to the brutal occupation of Poland and the rest of Europe. Read the words of Jarek Paruzel, a voice from Europe, a voice from our neighbor, a voice of a Pole whose country understands all too well what a major war entails. Meanwhile, Europe is spending time and resources on initiatives like adapting legislation to regulate the PET bottle cap market. Of course, these initiatives are important too. But they cannot replace security and freedom, which are under threat in Europe just as they were a century ago.

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👏 From December 9 to 13, Kyiv and online will host the "Energy Efficiency Week 2024," organized by the public union Business for Partnership. This event aims to promote the development of an energy-efficient culture by fostering collaboration between the government, businesses, scientists, and the public. ✔️ The main goal is to unite efforts to achieve Ukraine's energy independence, explore solutions for sustainable development, and implement innovations. The program includes a series of events highlighting critical aspects of energy efficiency. On the first day, participants will be introduced to the project's objectives during a press briefing. ⚫ Conferences will address investments, housing reform, and new energy efficiency standards throughout the week. An Energy Managers Forum will also focus on sharing experiences and seeking innovative solutions. The series of events will conclude with a workshop discussing using artificial intelligence for energy resource management. ◾ Representatives of local governments, civic activists, educators, scientists, journalists, and businesses are invited to participate. The event provides an opportunity to gain new insights, ask questions to experts, and join the dialogue on Ukraine's energy-efficient future. Participation is available both offline and remotely. More information about the event is available here 👉https://lnkd.in/eKQ_kNgi You can register for the event here 👉https://lnkd.in/eqir7wwf Read Bureau of Investment Programs on Facebook 👉 https://lnkd.in/evrVDqdG

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Excited to share my recent Forbes article discussing doing business in the USA in terms of taxation. It will be useful not only to Kazakhstani citizens but to other foreigners as well. https://lnkd.in/e2cdSk3j. #Forbes #Article #IndustryInsights"

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I shared my thoughts about progressive tax rates for individuals in Kazakhstan here https://lnkd.in/e_ZQt8wY

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This event is dedicated to Ukrainian entrepreneurs and investors who are interested in doing business in Poland, or who already have a presence here. You will learn about the main aspects connected with engaging individuals based on different titles in various circumstances. We will present the perspective of a Company and briefly the perspective of individuals. What is more, you will also have a chance to get updated on the immigration issues important for the individuals coming to Poland from Ukraine. Agenda: 1. Personal income tax Company's perspective: 🔹 employing creative employees (possibility of applying 50% costs of earnings when calculating payroll) – characteristics of the structure and conditions of implementation, 🔹 cooperation with natural persons running their own business activity (B2B) – benefits, risks and good practices, 🔹 engaging and remunerating managerial staff – dual structures (several legal titles in parallel), motivational programs, various forms of involvement (appointment, management contract, etc.), 🔹 remote work and workation – tax aspects. Individuals' perspective 🔹 tax residency status, 🔹 tax settlement for selected sources of income 2. Immigration issues 🔹 Temporary protection status for Ukrainian citizens fleeing the war 🔹 Access to the local labor market 🔹 Employment of foreigners in Poland – general comments 🔗 Register now. See you there! #PolishTaxes #PolishTaxLaw #BusinessExpansion #PolandInvestment #Ukraine #DoingBusinessInPoland

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Discussing tax policies in Latvia and importance of productivity, regulatory environment and investment. https://lnkd.in/di8YVb8i

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Dear Colleagues, I am pleased to inform you about the launch of the Money Matters in IT project, which aims to help owners of small and medium-sized IT companies to run their businesses smoothly and orderly, based on indicators rather than intuition. After more than 10 years as a CFO and 4 years of financial consulting IT business, I can see the typical problems that founders and TOP managers face: ◾ You are doing a lot but see no progress ◾ You don't know how to make decisions based on numbers ◾ You manage your business without setting targets on a case-by-case basis  🔸 The finance function is not working (or you are not happy with the results)  ◾ You don't know how to measure the effectiveness of departments ◾ You don't understand how much you need to reinvest in business. ◾ You announce targets to the team, but they are not met ◾ The business is stagnating (not growing at 15-20% per year) OR You are planning big business transformations, but don't know how to manage it financially. I see business as a system and each process as a repeating cycle. My role is to provide the business with the tools to make confident management decisions. The standard set of services includes: ✅ Financial Function Audit: Assess and optimising financial, delivery, legal, operations, and sales functions. ✅ Accounting System Implementation: Set up management accounting systems. ✅ Process Development: Implement full-cycle accounting, project effectiveness tracking, pricing, financial modelling, and management reporting. ✅ Financial Analysis: Analyse financial health and provide growth recommendations. ✅ KPI Development: Create systems to track company and individual performance. ✅ Management Establishment: Implement and maintain OKR frameworks. ✅ Business Transformation: Shift from manual to data-driven decision-making. ✅ Employee Hiring and Training: Recruit and train staff for optimal performance. 〰 Interaction format 〰 - online consultations/services - slot can be booked in the direct mail On this page, I share my experience in financial management for project development and IT companies in general. #finance #it #business

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Another demonstration of the AIFC development. From top-tier infrastructure to premier destination for industry leaders, the AIFC continues to reshape the financial sector. #aifc #kazakhstan #finance #fundadministration #corporateservices

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"All-Ukrainian Personnel Forum - 2024" will be held in Kyiv on December 13 👥 The event will be held at the address Kyiv, st. Khreshchatyk St., 25, KyivHall (purple hall), will be devoted to the topic "Changes in labor legislation and military accounting - 2024. What should be taken into account in the work for 2025?". ⚫The main changes in labor legislation and new requirements for military accounting at enterprises will be discussed as part of the event. The forum program analyzes the events and changes that took place during the year and helps HR professionals identify key aspects to consider in planning for the coming year. Also among the topics of the event: ✔️Labor disputes upon dismissal: analysis of court practice. ✔️Key documents, regulations, and recommendations for personnel planning for the following year. ✔️Each participant will receive presentation materials from the speakers, a full recording of the event, a personal certificate of participation, and monthly access to the KADRY.UA platform. You can get more information and buy a ticket at the link 👉https://lnkd.in/eadNWXkf Read Bureau of Investment Programs on Facebook 👉 https://lnkd.in/evrVDqdG

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Interesting seminar! Can certainly recommend it.

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Couldn’t miss the 5th Annual Ukrainian “Paperless Business” Forum this year. Once again, it proved that digital technologies and innovations are essential to modern business. One of the highlights was the panel discussion on artificial intelligence. The insights on how AI is transforming the business landscape, enhancing tools, customer experience, and opening new growth opportunities were incredibly valuable and inspiring. Events like these bring together like-minded professionals, spark new ideas, and motivate us to take the next steps forward. Вчасно - цифрові сервіси для бізнесу #PaperlessBusiness #DigitalTransformation #AI #Innovation #Networking

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