OREANDA-NEWS. On November 17, 2008 The round table "Turbulent times for business in Ukraine" organized by Economist Conferences with a support of System Capital Management (SCM) and the law firm Baker&McKenzie took place in Kiev, reported the press-centre of SCM.

The event was focused on problems and needs of business amid the global economic crisis as well as coordination of actions of businesses and the government to overcome the crisis as soon as possible.

The participants of the round table shared their views on how the global crunch is affecting the life in the country in general, and Ukrainian business development in particular. The delegates also discussed the steps which business community and Ukrainian government are about to take to overcome the crisis as quickly as possible and minimize its effects.

Jock Mendoza-Wilson, Director of International and Investor Relations of SCM, commented on the event: "The round table offered an excellent opportunity for business and the government of Ukraine to hear and understand each other, discuss together the effects of the global crisis on business and economy of the country as such as well as determine our next actions.

We should not forget that we all must be thinking not just about the challenges, which the crisis has triggered, but also about the new opportunities that the crisis will obviously open for us. In other words, we should not only review our strategies aligning them to the new conditions, but also take part in creating these new conditions. Consolidating our efforts and facing the future with confidence is exactly the way to overcome the crisis and get stronger after it.

We believe that the paramount role of the government today is to respond to the ongoing changes properly, specifically to ensure stable operation of the financial system in Ukraine, prevent panic and support financial institutions that are experiencing challenging times. This will help the banking system of Ukraine work in the normal mode, restore confidence and trust and to go on lending money and ensure continuous investment process in the real sector of the economy," added Mr Mendoza-Wilson.