EXISTINGFEZ INOURCOUNTRYHAVEBEEN
OF INNOVATIVENATURE,MOSTOFTHETIME.
HOWEVER, POTENTIALOFFEZ ISMUCH
BROADER. FOR INSTANCE,THEYCOULD
BEUSEDFORPROVISIONOFFINANCIAL
SERVICES. FUNCTIONINGOFAFREE
ECONOMICZONECOULDMAKEUKRAINE
ALEADER INTHISSPHERE INEASTERN
EUROPEANDALLOW ITTOCOMPETE
SUCCESSFULLYWITHSUCHFINANCIAL
CENTERSADLONDON,NEWYORKOR
HONGKONG. SOFAR,THERE ISNOSUCH
STRUCTURE INEASTERNEUROPE.
The latest exampleof successful organization
of aglobal financial center isDubai (UAE).
Structurally it follows thepatternof DublinCenter
(Ireland), which is considered tobeoneof the
most advanced centers in theworld. Frankly
saying, in thebeginningmanypeople thought
theestablishment of the International financial
Center (IFC) inDubaiwas not going tobe a
profitableproject – the investments had tobe
huge andexpectedprofitwas uncertain. Some
people thought itwas just agiganticproject of
good-looking real estate, nothingmore.
The timepassed and it became clear that
criticswerequitewrong. At this time, dozens of
major global companies specializing inbanking
and financehave chosenDubai IFC as a launch
pad for their business inAsia. Quite recently,
such“sharks”asGoldmanSachs and Lehman
Brothers announced their plans of registering
regional offices inDubai. Last year,major financial
corporationMorganStanleydecided toopen
in IFC its division specializedon investment
banking services. For thispurpose, the company
performed relocationof its 25 leadingemployees
toDubai.
Suchdevelopmentwitnesses the correctness
of thedecisiononestablishment of the IFC in
Dubai, whichnow attracts all the“cream”of the
international financial community. It is expected
that by2010, around30 thousand“white collars”
–professionals of international financialmarket
–wouldwork in the IFC.
At theendof 2006, Dubai IFC celebrated the
second anniversaryof its operation. The fact that
the ceremonywas attendedby theVice-President
andPrimeMinister of UAE, theRuler of Dubai
SheikhAlMakhtoum, witnesses huge importance
of this financial institution for the country.More
than2,500officials tookpart in thebright event
including representatives of global and regional
financial structures. The ceremonywas on the air
broadcasted livebyDubai TV channel.
Soon, Ukrainewouldbeproudof its
achievements in financial sphere, too– Fund
for Support of Investment andPrivatization
(FSIP) proposed the initiativeof establishing
Global Financial Complex (GFCUkraine). FSIPhas
concludedpartnershipwith awell-known fund
that agreed topromote theproject.
ISUKRAINEGOINGTO
BecomeaGlobal FinancialCenter?
F
REEECONOMICZONES
(FEZ) ANDPRIORITY
DEVELOPMENT
TERRITORIES (PDT),
WHICHHAVEBEEN
SUBJECTSOF
DISPUTES INUKRAINEFORSO
LONG, STARTEDTO JUSTIFYTHEIR
EXISTENCE.THIS ISTHEWAYTO
WELL-BEINGANDFLOURISHING
USEDBYMANYCOUNTRIES.THIS
ISNOWUNDERSTOODBYTHE
GOVERNMENTOFUKRAINE
BUSINESS EMIRATES
82
ÍÅÄÂÈÆÈÌÎÑÒÜ, ÁÈÇÍÅÑ, ÈÍÂÅÑÒÈÖÈÈ
ÓÊÐÀÈÍÀ -ÎÀÝ
