For International Business Planning Standards

According to a study conducted by the International Fund Bleyzer in 2009, among the risk factors for the majority of investors are considering the possibility of cooperation with Ukraine, the presence of low quality of corporate governance. In particular, insufficient attention is paid to the development of the investment documentation, consistent with international standards and understandable to investors. Analysis shows that the methodological framework, which is used by an overwhelming majority of domestic enterprises to plan their development does not comply with international recommendations. It repels potential national and Foreign investors and creditors from making investments. They are not able to hold on to them acceptable techniques (international standards) examination of economic efficiency presented to them of business plans to decide on its results concerning guarantees return on investment and the level of expected profits. This fact is today one of the key, creating problem to attract investment in Ukrainian economy, and therefore requires an immediate response. Most enterprises in the state sector, the preparation of investment proposals, using guidelines for the development of business plans, approved by the Minister of Economy of Ukraine 290 from 06.09.2006g.

Experts and analysts of investment and project company BFM Group, acquainted with the above recommendations came to the conclusion that they have significant disadvantages and do not meet international standards, in particular the methodology of UNIDO, outlined in the Guidelines for the preparation of feasibility studies for industrial projects " (Second edition, 1991) and recommended for use by enterprises of UNIDO (United Nations Industrial Development Organization). Ukraine became a member of UNIDO in 1995 after the signing between the Government of Ukraine and United Nations Industrial Development Organization Agreement on cooperation in industrial development. Provision of project in a form appropriate standards recommendations UNIDO provides a certain advantage of positive decision on funding, and also gives some idea of quality of enterprise management – the applicant. Carefully prepared in accordance with international standards, investment proposals contribute to the overall increase in the volume of foreign investments into Ukraine's economy and play an important role, given Ukraine's accession to the WTO. Company specialists BFM Group proposals for revision guidelines for the development of business plans of the Ministry of Economy of Ukraine, taking into account international experience, in particular, the recommendations UNIDO, TACIS, World and European banks, and other international financial structures. Currently BFM Group has initiated an appeal to the Prime Minister of Ukraine on the establishment of a joint working group of the Cabinet of Ministers of Ukraine, Ministry of Economy of Ukraine and the BFM Group, and the subsequent introduction of appropriate changes to the document. Help. Investment and project company BFM Group was established in 2003. The main activities: the management of industrial investment projects and providing professional services to develop investment documentation (business plans, feasibility studies, memoranda, financial business model, the concept of enterprises subject to privatization).