What happens if you try to avoid tough decisions? If you do it for a while, the problems mount and evolve into a real disaster. The next question is whether you can get out of the situation. Naftogaz, the national oil and gas company of Ukraine, proves that it can be done.

ProZorro is an online e-public procurement system in Ukraine that saves billions of dollars annually. The idea came from a private business, which funded the initial development with its own resources. Now the service provides acceptance, placement and service to offer from state and other public organizations on commercial platforms. In December of 2015, the developers handed over the copyright of the system to “the people of Ukraine”. The ProZorro system became fully operational in April 2016.

New strategy and business practices from the private sector help Ukraine’s top natural gas producer reverse the 20-year decline. The company increases production for three years in a row. The state-owned company hit all time high production level in 2018 thanks to experienced managers.

Economic strategies and forecasts are one of the prime products of the Ukrainian Institute for the Future. And it’s no wonder as a majority of the Institute’s founders are businessmen interested in the economic development of Ukraine. Co-founder of the Institute and director of economic programs Anatolii Amelin reveals details of Ukraine’s groundbreaking strategy for economic development in the making now and up to 2030.

Alex Lutskiy returned to Ukraine after 18 years of working and living in the US. He is well-known as an Industry leader, as the Co-Founder & CEO of Innovecs, which has earned a spot, for the second time in a row, on the prestigious Inc. 5000 list, as one of the fastest-growing companies in America. Recently Alex also became a co-investor for BUSINESS-100.