Ecovis in Singapore

Ecovis strengthens its presence in Belgium

In addition to our existing Belgium partners Ecovis welcomes our new partners from ECOVIS BB3 Audit headquartered in Herent.

The history of ECOVIS BB3 Audit dates back to the beginning of the year 2000. In July 2016 Jeroen Rans and Frank Bloemen became partners of ECOVIS BB3 Audit. Alongside with the two partners, ECOVIS BB3 Audit currently employs seven professionals and one administrative staff. ECOVIS BB3 Audit provides services in the audit field. Services include:

• Statutory and voluntary audits
• Review of financial statements
• Statutory group audits
• Audit of internal controls
• Financial due diligence

The firm handles the financial issues faced by family businesses, SMEs, international companies and non-profits. Their main office is located in Herent but they can also assist clients in Antwerpen and Gent where ECOVIS BB3 Audit has visiting addresses.

We warmly welcome our new colleagues from Belgium to the Ecovis family!

Ecovis has a cooperation partner in Jordan now

Ecovis welcomes its new partners from The Spectra Group headquartered in Amman.

The Spectra Group is an Amman-based audit and consulting group. They intend to become a full member firm of ECOVIS International at the end of 2022. Managing partner Fathi Saleh is a CPA and business advisor. He is experienced in audit, investment management, business development and transaction advisory with more than 30 years of experience in the field. Together with two more partners he leads a total staff of 61, among them 53 professionals.

We warmly welcome our new colleagues from Jordan to the Ecovis family!

The Challenges and Perspectives of Public-Private Partnership in Ukraine

On 20 January 2021, the Ukrainian Government passed a draft law which now allows the state to conclude ambitious public-private partnership (PPP) agreements, despite restrictions in national budget planning.

The process of PPP in Ukraine is currently regulated by a number of acts and various bylaws. Nevertheless, there are some difficulties in performing PPP projects related to the budget process in Ukraine. At the moment, the state authorities are unable to take long-term responsibilities for PPP due to restrictions in national budget planning. The new law should make it possible to implement various projects in socially valuable areas such as infrastructure and/or the energy sector.

The combination of the state and business resources can be the right solution for the implementation of large-scale and costly infrastructure projects. However, the right framework conditions must be in place for PPP to be effective and contribute to industrial development. These include the proper legal regulation of the partnership, transparency in the choice of private investors and the assessment of all possible risks.

We look forward to the development of the PPP regulation in Ukraine, as this will have a positive effect on the infrastructure sector as well as the country's economy in general.

Mariia Stepanenko, Associate, ECOVIS Bondar & Bondar, Kyiv, Ukraine

The Ministry for Development of Economy, Trade and Agriculture of Ukraine, which has drafted the law, assures that the amendments mean that the state can guarantee its obligations in PPP and develop new infrastructure projects in Ukraine.

The experts from ECOVIS Bondar & Bondar advise clients on a full range of PPP projects. They assist private investors, project developers, concessionaires, lenders and contractors with all aspects of PPP arrangements in Ukraine.

For further information please contact:

Mariia Stepanenko, Associate, ECOVIS Bondar & Bondar, Kyiv, Ukraine
Email: mariia.stepanenko@ecovis.ua