Ukraine’s Verkhovna Rada has approved at second reading bill No. 5368 liberalizing the Tax Code. A total of 240 lawmakers backed the document. Head of the parliamentary committee for tax and customs policy Nina Yuzhanina said presenting the bill that the committee received 356 proposals for the second reading and 261 of them were voted…
Over the ten months of 2016 turnover in the agriculture sector between Ukraine and Egypt has reached $1 billion. Deputy Agrarian Policy and Food Minister of Ukraine on European Integration Olha Trofimtseva stated this during the Ukrainian-Egyptian Business Forum and a sitting of the Ukrainian-Egyptian Business Council with participation of Ambassador of Egypt to Ukraine…
Ukraine’s Verkhovna Rada has revoked 2% pension tax imposed on cash currency purchase transactions. The requirement is outlined in bill No. 5132 amending the Tax Code to provide for the balance of budget revenue in 2017. The bill on the national budget for 2017 was adopted by 235 lawmakers on December 21. The amendments were…
According to the official customs statistics, in November Ukraine exported 80.5 thousand tons of sunflower seed, down by 3% YoY (83.3 thousand tons), which became a record result of monthly shipment for 6 recent seasons. In the reporting month France (47% of the general exports), Spain (21%) and the Netherlands (18%) were the main countries-importers…
Ukraine’s Verkhovna Rada has endorsed bill No. 5132 increasing the basic excise duty for petrol by 24.5% or EUR 42, to EUR 215.50 per 1,000 liters. The basic rate of excise duty for gasoil meeting Euro 4 and Euro 5 emission standards will grow by 46.8% or EUR 44.50, to EUR 139.50 per 1,000 liters.…
The interest in oilseeds growing has strengthened considerably over the last decade. As a result, plantings for MY 2016/2017 expanded to 8.9 million ha against 6.3 million ha in MY 2007/2008. As sunseed is the most remunerable oilseed, sunflower accounts for 65-70% of planted acreage, and its share will reach 71% in the current marketing…
Ukraine’s real gross domestic product (GDP) in the third quarter of 2016 increased by 2% YoY, which is 0.2% higher than the previously made assessment, according to the website of the State Statistics Service of Ukraine. “GDP in the third quarter of 2016 compared with the previous quarter (seasonally adjusted) increased by 0.5%, while compared…