Ukraine: port charges to be halved

The Infrastructure Ministry of Ukraine is planning to halve port charges. According to the ministry, Ukraine loses because of its overcharged port dues lead to shrinking freight traffic. The ministry is currently working on tariff reduction. The final approval of a new port tariffs and charges technique that would at least halve them is scheduled…

Ukraine: 16.4 million tons of grain exported

Ukraine exported 16.4 million tons of grain since early 2016/2017 agricultural year (July-June) as of November 18. Ukraine’s Agricultural Policy and Food Ministry has reported that around 9.5 million tons of wheat, 3.9 million tons of barley and around 3 million tons of corn were exported. Some 131,000 tons of flour was exported as of…

Ukraine: charitable activities of religious organizations exempt from taxes

President of Ukraine Petro Poroshenko has signed the law on exempting charitable activity carried out by religious organizations from taxes. The press service of the Cabinet of Ministers noted Poroshenko signed amendments to the Tax Code of Ukraine concerning exemption from taxes of non-profit (charitable) activities, including humanitarian aid, charity, philanthropy, etc., activities carried out…

Ukraine: poultry imports from Austria banned

The State Service for Food Safety and Consumers’ Rights Protection has imposed a ban on imports of poultry and by-products from Austria. According to the service’s website, with reference to the World Organization for Animal Health, the outbreak of highly pathogenic avian influenza (HPAI) was registered at farms in the territory of Austria and Germany.…

Ukraine: NBU allows Finexbank self-liquidating

The National Bank of Ukraine (NBU) allowed the liquidation of Finexbank (Kyiv) at the initiative of the owners. According to the regulator’s website, on November 17, Finexbank had sufficient liquidity to make payments to clients. The volume of highly liquid assets amounted to 21 million UAH, while total liabilities were 6.5 million UAH, in particular…

Ukraine: government creating working group to analyze situation in aerospace sector

Ukraine’s Cabinet of Ministers is creating an ad hoc working group to analyze the situation in the aerospace sector and draw up mechanisms for increasing its management efficiency, Ukrainian Prime Minister Volodymyr Groysman has said. Groysman, speaking in parliament, knocked at the effectiveness of the aerospace sector management. He said that the sector enterprises with…

Ukraine: Q3 GDP growth sign of economic recovery

Ukraine`s GDP grew by 1.8% YoY in the third quarter of 2016, which was a sign of economic recovery in the country. Ukrainian Vice Prime Minister – Economic Development and Trade Minister Stepan Kubiv stated this at a meeting dedicated to the Strategy for Small and Medium Enterprises Development till 2020. “Yesterday Prime Minister Volodymyr…

Ukraine: economy starting to recover

Ukraine’s economy is starting to recover, while the government is paying every effort to maintain and accelerate that growth as well as reinvest it into the quality of people’s lives. This was stated by Prime Minister of Ukraine Volodymyr Groysman. The Prime Minister noted that recently the International rating Agency Fitch had upgraded long-term Issuer…