Business news from Ukraine

Business news from Ukraine

International Chamber of Commerce (ICC) promotes Ukrainian business beyond Europe — interview

The International Chamber of Commerce (ICC) is helping Ukrainian businesses expand beyond Europe, particularly into Latin America and Africa, ICC Secretary General John W. H. Denton said in an interview with Interfax-Ukraine.

“We have already brought delegations of Ukrainian companies to Bogota and Nairobi. This gives them international recognition and helps attract new partners,” he said.

The ICC (International Chamber of Commerce) is the world’s largest business organization representing the interests of the private sector at the global level. Its headquarters are located in Paris. It has more than 170 member countries and more than 45 million companies, entrepreneurs, and business associations worldwide.

Status: It has observer status at the UN and works closely with the WTO, G20, IMF, and other international organizations.

The ICC develops global standards and rules for doing business (e.g., Incoterms®); resolves international disputes through the ICC International Court of Arbitration, one of the most authoritative arbitration bodies in the world; and promotes free trade, sustainable development, and the digitalization of the economy.

For more details, see the interview at https://interfax.com.ua/news/interview/1082092.html

,

ICC introduces reduced fees for Ukrainian companies applying to International Court of Arbitration

The International Chamber of Commerce (ICC) has introduced reduced fees for Ukrainian companies applying to the ICC International Court of Arbitration. This was announced in an interview with Interfax-Ukraine by ICC Secretary General John W. H. Denton.

“Yes, the decision to reduce fees was implemented to remove barriers to commercial dispute resolution for Ukrainian businesses,” he said.

In addition, according to the ICC Secretary General, the ICC One Click digital platform is now available in Ukrainian and integrated into the network of regional chambers of commerce and industry. He also announced this in an interview with the agency.

“Ukrainian small and medium-sized enterprises (SMEs) are already using the platform, undergoing training, and integrating into international supply chains,” Denton added.

The ICC (International Chamber of Commerce) is the world’s largest business organization representing the interests of the private sector at the global level.

Headquarters: Paris, France.

Member countries: more than 170.

Members: over 45 million companies, entrepreneurs, and business associations worldwide

Status: has observer status at the UN, works closely with the WTO, G20, IMF, and other international organizations.

The ICC develops global standards and rules for doing business (e.g., Incoterms®), resolves international disputes through the ICC International Court of Arbitration, one of the most authoritative arbitration bodies in the world, and promotes free trade, sustainable development, and the digitalization of the economy.

For more information, see the interview: https://interfax.com.ua/news/interview/1082092.html

 

, , ,

ICC to hold roundtable on export finance guarantees in Rome as part of Ukraine Recovery Conference

The International Chamber of Commerce (ICC) will hold a roundtable on export finance guarantees as part of the Ukraine Recovery Conference in Rome. This was announced by ICC Secretary General John Denton in an interview.

According to him, one of the main obstacles to investment is the lack of risk insurance coverage.

“We have invited banks, governments, and businesses to address this issue,” he added.

URC2025 will take place on July 10-11, 2025. It will be the fourth Ukraine Recovery Conference, continuing a series of high-level political events dedicated to the rapid recovery and long-term reconstruction of Ukraine.

The ICC (International Chamber of Commerce) is the world’s largest business organization representing the interests of the private sector at the global level. Its headquarters are located in Paris. It has more than 170 member countries and over 45 million companies, entrepreneurs, and business associations worldwide.

Status: has observer status at the UN and works closely with the WTO, G20, IMF, and other international organizations

The ICC develops global standards and rules for doing business (e.g., Incoterms®); resolves international disputes through the ICC International Court of Arbitration, one of the most authoritative arbitration bodies in the world; and promotes free trade, sustainable development, and the digitalization of the economy.

For more details, see the interview at https://interfax.com.ua/news/interview/1082092.html

, ,

Ukraine remains an attractive country for investment, says Secretary General of the International Chamber of Commerce

Ukraine remains an attractive country for investment if the risks are clear and manageable, said John W. H. Denton, Secretary General of the International Chamber of Commerce (ICC), in an interview with Interfax-Ukraine.

“Ukraine is an investment-friendly country. It is important not to ignore the risks, but to understand them and be able to manage them,” Denton stressed. According to him, the private sector should become ”the foundation of post-war recovery.”

The ICC (International Chamber of Commerce) is the world’s largest business organization representing the interests of the private sector at the global level. Its headquarters are in Paris. It has more than 170 member countries and over 45 million companies, entrepreneurs, and business associations worldwide.

Status: It has observer status at the UN and works closely with the WTO, G20, IMF, and other international organizations.

The ICC develops global standards and rules for doing business (e.g., Incoterms®); resolves international disputes through the ICC International Court of Arbitration, one of the most authoritative arbitration bodies in the world; It promotes free trade, sustainable development, and the digitalization of the economy.

For more information, see the interview at https://interfax.com.ua/news/interview/1082092.html

Hungarian Parliament Voted to Withdraw from International Criminal Court

The Hungarian parliament has voted to withdraw from the International Criminal Court (ICC), becoming the first European Union country to do so. Foreign Minister Péter Szijjártó said that the ICC had lost its impartiality and credibility, turning into a politicized institution.

The decision to withdraw coincided with Israeli Prime Minister Benjamin Netanyahu’s visit to Budapest. Netanyahu, against whom the ICC has issued an arrest warrant on charges of war crimes in Gaza, thanked the Hungarian leadership for its “courageous and principled” decision.

According to the Rome Statute, withdrawal from the ICC takes effect one year after the official notification to the UN. Until then, Hungary is obliged to fulfill its obligations, including cooperation with the court.
States parties and non-parties to the ICC

As of April 2025, 125 states are parties to the Rome Statute, including all countries of the European Union, except for Hungary after its decision to withdraw. Among the participants are Canada, Australia, the United Kingdom, France, Germany, Japan, South Korea, Ukraine, and most countries in Latin America and Africa.
Some major powers are not members of the ICC.
The United States: signed the Rome Statute in 2000 but has not ratified it.
China: has neither signed nor ratified the Statute.
Russia: signed the Statute in 2000, but withdrew its signature in 2016.
India: has neither signed nor ratified the statute.
Israel: signed but did not ratify the charter and withdrew its signature in 2002.
Before Hungary, only two countries have officially withdrawn from the ICC.
Burundi: in 2017.
Philippines: in 2019.

Hungary’s decision may cause tensions with other EU countries that remain committed to the principles of international justice.

,

INFORMATION-ANALYTICAL CENTER OF ICC UKRAINE OPENS IN ZAGREB (CROATIA)

An information and analytical center of the Ukrainian National Committee of the International Chamber of Commerce (ICC Ukraine) has opened in Zagreb (Croatia), Ukrainian Ambassador to Croatia Vasyl Kyrylych has said.
“Together with the Croatian Chamber of Commerce, we have opened an information-analytical center of the Ukrainian National Committee of the International Chamber of Commerce in Zagreb,” he said on Twitter.
According to him, the task of such a center is simple, but important and consists in quick response to the requests of Ukrainian business and assistance in contacts with Croatian partners.

, ,