-
VAT refund from 1 February 2016 will have two open registries.
The Verkhovna Rada has decided to create a 1 February 2016 two public open register of the same chronological reimbursement of value added tax (VAT): one – for the automatic compensation of eligible taxpayers, the second – for the rest. The relevant provision is contained in the draft law №3688…
-
Budget deficit in 2016 will of 3.7% of GDP against 4.1% of GDP in 2015.
The maximum amount of the state budget deficit in 2016 is defined 83.69 billion UAH, which is 10.2% higher than in the state budget-2015, although the first ten months of 2015 the state budget was executed with a surplus of 2.77 billion UAH. The Verkhovna Rada of December 25 adopted…
-
The Verkhovna Rada has canceled the additional import charge is 5-10% in 2016.
Rada The Law “On measures to stabilize the balance of payments of Ukraine in accordance with Article XII of the General Agreement on Tariffs and Trade 1994”. For the adoption of the bill as a whole voted 268 deputies №3533 at the minimum required 226. This law on the territory…
-
US launches new program to support agribusiness in Ukraine.
The US government will launch a new project in Ukraine to support agriculture to replace terminated in 2016 a five-year program of the US Agency for International Development (USAID) «Agroinvest”. The journalists said the director of USAID Mission to Ukraine, Moldova and Belarus Jed Barton. Barton said that the US…
-
Business in Ukraine proposed restructuring of foreign currency loans.
The relevant bill has already been submitted to the parliament. The Cabinet of Ministery of Ukraine submitted to the Verkhovna Rada a draft law “On financial restructuring”, developed by the Ministry of Finance together with the National Bank of Ukraine (NBU) and the Independent Association of Ukrainian Banks (NABU) as…
-
The Cabinet of Ministry of Ukraine has registered in the Verkhovna Rada a bill on the abolition of the import levy on 1 January 2016.
The Cabinet of Ministery has developed and submitted to the Verkhovna Rada a bill №3533, providing for the abolition of additional import duties to 1 January 2016. The bill registered in the parliament on November 26. The project involves the Annulment of the Law “On measures to stabilize the balance…
-
The trade surplus in October was $ 0.2 billion.
In October, the surplus of the consolidated balance of payments amounted to 229 million dollars (in October last year the deficit was 3.5 billion dollars). This is stated in the accounting data of the National Bank. The National Bank notes that the formation of a consolidated surplus of balance of…
-
Fitch downgraded the rating of Ukraine in foreign currency.
International rating agency Fitch upgraded the rating of Ukraine in foreign currency to “CCC” after the restructuring of eurobonds. International rating agency Fitch raised the long-term issuer default ratings (IDR) of Ukraine in foreign currency from “RD” (restricted default) to “CCC”, according to a press release from the agency. Short-term…
-
Ukraine received $ 560 million from the World Bank for the development of roads.
The World Bank will finance repairs to upgrade about 100 km of the road M-03 Kyiv-Kharkiv. The agreement on granting Ukraine a loan from the International Bank for Reconstruction and Development, World Bank Group (WB) in the amount of $ 560 million to finance the project of development of the…
-
Increase Fitch and Moody’s ratings of Ukraine will facilitate access to international credit resources – the Ministry of Finance of Ukraine.
The Ministry of Finance considers raising agencies Fitch and Moody`s rating of Ukraine facilitate the country’s access to international credit resources. Increasing the international rating agencies Fitch and Moody`s rating of Ukraine facilitates the access of the country, as well as Ukrainian corporate borrowers to international credit. This is stated…
UKRAINIAN BUSINESS PORTAL
