OREANDA-NEWS. On 28 April 2009 was announced, that in mid-March 2009 Oranta applied for the membership in the American Chamber of Commerce in Ukraine and the European Business Association. According to the results of the Board meetings of both organizations at the beginning of April Oranta has been accepted as a full member in good standing by the both of these powerful international business networks and has been granted access to all privileges of the organizations.

The membership in the American Chamber of Commerce in Ukraine and the European Business Association is aimed at strengthening of Oranta’s market leadership and is an important and well-timed step towards further introduction and development of the international business standards, as well as integration into the European insurance market, in accordance with the strategic vision of the company’s management.

Also, active participation in the work of the committees and working group activities of both the American Chamber of Commerce in Ukraine and the European Business Association will enable Oranta to further demonstrate its commitment to the principles of socially responsible business. The first public step in the direction of corporate social responsibility development was signing the UN Global Compact by Oranta’s management in December, 2008.

The European Business Association (EBA) was established in 1999 as a forum for discussion and resolution of problems facing the private sector in Ukraine. This initiative of business people who saw advantages and benefits in the European business community acting together was supported by the European Commission. At present the EBA - the premier organisation for foreign business in Ukraine - brings together over 800 European, including national, and international companies and offers its members a broad scope of services.

The American Chamber of Commerce in Ukraine was established in 1992. Today it is among the most active and effective non-government, non-profit business organizations operating in Ukraine. One of the Chamber’s principal activities is to represent the foreign investment community as well as to facilitate the entrance of potential new investors into the Ukrainian market. The Chamber advocates on behalf of their Members who are from more than 50 nations across the globe not only to the Ukrainian government, but also to all other governments, which are economic partners of Ukraine, on matters of trade, commerce, and economic reform.