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…Details
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Latvia’s alcohol market will be affected by changes in legislative regulations and import prices in neighboring countries next year, spokesperson of Liviko alcoholic beverages importer and wholesale trade company and Latvian Alcohol Industry Association Gennady Klepikov reported. According to him, it is hard to predict next year’s prices of imported products in Latvia, as much…Details
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…Details
ADM Company is planning to significantly expand capacity of its corn processing facilities in Turkey and Bulgaria by the end of the first half of 2018. Pierre Duprat, ADM’s president for Europe, Middle East and Africa, stressed that there was significant potential for expanding production of starch-based ingredients in Europe and the Near East due…Details
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…Details
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…Details
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.…Details