Grzegorz Szatkowski

KredoBank, Poland

Kredobank is a universal bank in Ukraine with over 111 branches.

First Vice President of the Management Board, Polish


KredoBank is a universal bank headquartered in Lviv and present across Ukraine with 111 branches. PKO Bank Polski SA, Poland’s largest commercial bank, is a 99.6% shareholder of KredoBank.  

We specialize in serving retail clients and small and medium sized enterprises (SME). In our home region of Lviv, we are a market leader across all client segments and we are the leader nationwide in car financing. Although overall conditions for banking in Ukraine are challenging, in the last 3 years we experienced solid business expansion coupled with growing profitability.

PKO Bank Polski SA decided to acquire KredoBank in 2004. Since then, we lived through two economic and market crises of a magnitude unseen elsewhere in Europe so the original reasons for entering Ukraine are less relevant than what is clearly apparent and justifying our presence today – a large, under-developed banking market with SMEs showing a lot of positive dynamics and under-leveraged retail clients.

For those considering doing business in Ukraine, getting lost in process is easy, so it is important to remind oneself about the long-term perspective.

One of my favorite things about being in Ukraine is the small pleasures of socializing.

Petro Rondiak

Winner Group, America / Ukraine

Winner Group is the official representative for Ford, Volvo, Jaguar, Porsche and Bentley in Ukraine.

Head of the Management Board, American


Winner Group Ukraine is the official representative in Ukraine for Ford, Volvo, Jaguar, Land Rover, Porsche and Bentley. We are also involved in Leasing, Real Estate, and Construction. Since inception in 1992, we have sold over 110,000 vehicles and our network includes 50 dealers in Ukraine.

The founder and owner, Mr. John Hynansky, is of Ukrainian descent and built a significant automotive enterprise in the U.S. from the ground up. Soon after Ukrainian independence, while at Wimbledon as a guest of Ford Motor Co., the discussion came up with Ford executives regarding representation in Ukraine.

It was an intriguing idea for Mr. Hynansky, to venture into the land of his roots and try to build an honest business.

Ukraine is a country of tremendous potential and there is ample headroom in almost all spaces if you wish to develop a truly customer-oriented business. Some investors complain about the risks, but Ukraine also offers commensurate returns. It will not be easy, but executed correctly, it will be rewarding.

One of the best things about being in Ukraine is growing our business transparently and openly, in spite of those who claim it can’t be done.  Additionally, being here and watching Ukraine continuing its journey to realizing its full potential is tremendously rewarding.

Andrew Bain

Atlantic Group Limited, UK / America

Atlantic Group invests in and operates several media and advertising-related businesses.

President, American


Atlantic Group Limited invests in and operates several media and advertising-related businesses.

We started the business shortly after Ukraine’s independence and chose the market because of its growth potential, as it was a market of 45 million consumers transitioning to capitalism.

After 25 years on the market, my advice for those considering Ukraine as a business destination is to follow the best practices you would for any business planning; do your homework before spending money; choose good partners; find a good lawyer; be flexible in your thinking & planning.

As for a favorite aspect of being in Ukraine, these are interesting times for the country and you will always find interesting people.

John Shmorhun

AgroGeneration S.A., France

AgroGeneration is a commodity crop farming company. We grow, store and trade grains and oil seeds.

CEO, American


AgroGeneration is commodity crop farming company with 120,000 hectares under management.  Our business is to grow, store and trade approximately 400,000 metric tons of grains and oil seeds every year.

Ukraine is a highly profitable and innovative farming country, with rich soils, and a highly educated, hard- working, yet inexpensive labor force.  Ukraine is perfectly located on the Black Sea to efficiently export anywhere in the world.

The commodity crop business is a 35-40% EBITDA business.  It is the most profitable in the world for many reasons, including the scale and logistics in which farming is conducted.

One of my favorite things about being in Ukraine is the great people here.  They are smart, hardworking and innovative, with strong ambitions for the future.

Peter Kuhn

Peter's Australian Pies, Ukraine

We manufacture and distribute the iconic Australian food, the «Meat Pie».

Director/Owner, Australian


We manufacture and distribute the iconic Australian food, the “Meat Pie” across Ukraine. We also are currently looking to expand by using Ukraine as our base and exporting our products to Europe.

I decided to do business here after several trips to Ukraine and witnessing the acceptance of “western” food items; I realized there was an opportunity to introduce a well-loved product from Australia. Our core product, a pastry filled with meat, fits easily into the diet of the local population. The decision to establish the business was also influenced by my interest in this exotic land so far away from Australia and by the Ukrainian people that I met on my travels.

There are many opportunities here, but as anywhere, anyone new to the market should make sure they take care understand the local laws regarding certifications, taxation and employment. I also recommend having a trustworthy Ukrainian involved in the business, as having a good understanding of the business and social culture here is critical to success.

I wake up every day to a country that is totally different from where had I previously done business, and the people I meet each day are some of the warmest and kindest people I have ever met.


We would like to invite you and your company to be featured on UkraineInvest's web site as a "success story" of a foreign business operating in Ukraine.