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Archive for May 2017

  • Ukraine will review preferential treatment and agreements on double taxation.

    Ukraine should ensure the taxation of profits where additional value is created, and also abolish harmful preferential treatment. The Ukrainian government has developed a road map for the implementation of the OECD plan to counteract the erosion of the tax base (the BEPS plan). This is reported in the Ministry…

  • Since the beginning of the year Ukraine has increased exports of goods to the European Union by 24%

    In the first quarter of 2017, exports of goods exceeded $ 10.37 billion, and imports – $ 11.1 billion. Compared with the same period last year, Ukrainian entrepreneurs increased exports by 34.4%, and imports by 27.3%. This is evidenced by the data of the State Statistics Service. Among the key…

  • The business will no longer require a stamped agreement from July 2017

    Since July 19, 2017, officials, fiscal officials and bankers will be brought to administrative responsibility for the requirement to certify the contract with the stamp. In March, the Verkhovna Rada endorsed the bill, which cancels the mandatory presence of printing companies on the official documents. In April, a law signed…

  • The European Bank for Reconstruction and Development invested 581 million euros in projects in Ukraine in 2016

    This is reported in the annual report of the EBRD for 2016. Investments in Ukraine fell by 42%, because in 2015 the country received 997 million euros. Nevertheless, in 2016 Ukraine became the sixth country in terms of investment. Only Turkey – 1.925 billion euros, Kazakhstan – 1.05 billion euros,…

  • Inflation in Ukraine slowed to 0.9% in April

    Since the beginning of the year, consumer price growth was 4.9%, according to the State Statistics Service. Inflation in Ukraine in April fell to 0.9% compared to 1.8% in March, 1% in February and 1.1% in January, according to the State Statistics Service of Ukraine. From the beginning of 2017,…

  • Local budgets in 2017 increased by one third.

    The Prime Minister of Ukraine Vladimir Groysman said that for 4 months of 2017 local budgets increased by almost 35% due to decentralization. Due to decentralization, local budgets increased by 34.9%. “Decentralization is valid – for the first four months of 2017, local budgets increased by 14.5 billion UAH,” Prime…

  • US to allocate $ 560 million in financial assistance to Ukraine.

    President of the United States Donald Trump on May 5, signed a bill on the state budget of the US for the 2017 fiscal year. The budget is about $ 1.2 trillion, it will be in effect until September 30 – the end of the fiscal year in the US….

  • Fitch affirms  rating of Ukraine

    The international rating agency Fitch has worsened the forecast for GDP growth in Ukraine in 2017 from 2.5% to 2% and confirmed the long-term issuer default rating of Ukraine in foreign currency at the B- “Ukraine’s GDP grew by 2.3% in 2016, which exceeded expectations, but the blockade will have…

  • The World Bank has provided Ukraine with a $ 150 million loan.

    The money will be directed to support export-oriented small and medium enterprises of Ukraine. The Board of Executive Directors of the World Bank approved the allocation of a loan of $ 150 million to Ukraine. This was reported by the press service of the World Bank. It is noted that…

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