Ukraine: State Treasury resumes VAT refunding

Ukraine’s State Treasury Service on February 1, resumed VAT refunding. Government resolution No. 26 approving the rules for keeping the register of applications for return of VAT dated January 25, came into effect. “On February 2, treasury agencies provided for executing applications for UAH 2.187 billion that had conclusions from the State Fiscal Service about…

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Ukraine: gas consumption down in 2016

In 2016 Ukraine reduced natural gas consumption by 4.1% (by 1.366 billion cubic meters) YoY, to 32.361 billion cubic meters. According to the Ministry of Energy and Coal Industry, in particular, industry consumed 9.599 billion cubic meters (down by 15.9%), households and budget-sustained organizations used 12.457 billion cubic meters (up by 2.3%), heating companies –…

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Tajikistan: companies take part in Textillegprom fair in Moscow

A delegation of Tajikistan textile and clothing companies took part in a three-day leading international textiles and apparel trade fair Textillegprom. For the seventh time the International Trade Center (ITC) organized participation of Tajik companies at this largest specialized industry event in the Russian Federation. According to ITC Tajikistan, this year the following companies from…

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Uzbekistan: Tashkent hosts Uzbek-American business forum

The American-Uzbek Chamber of Commerce held its regular meeting. Representatives of some 30 major US companies, including General Motors, General Electric, Caterpillar discussed the current state and priority directions of economic and investment cooperation, aimed at further strengthening mutually beneficial business relations between Uzbekistan and the United States. The Uzbek side at the meeting was…

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Ukraine: introduction of reference pricing of medicines postponed

Reference pricing will be introduced in Ukraine from April 1, along with the introduction of the medicine reimbursement program. The decision was made at a government meeting. “After analyzing the preparatory work to introduce regulation, holding consultations with manufacturers and market players, it was determined the proper execution of the regulation required a longer transitive…

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Ukraine: Energy Ministry asking IFIs to support corporate management reform at Ukrenergo

Ukraine’s Energy and Coal Industry Ministry has asked international financial institutions (IFIs) to help reform corporate management at national energy company Ukrenergo, the ministry has reported on its website. “Minister Ihor Nasalyk asked leading IFIs (EBRD, EIB, World Bank) to support changes in the Ukrainian systemic operator Ukrenergo in line with common international standards,” the…

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