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Business news from the Ukrainian League of Industrialists and Entrepreneurs

UKRAINE’S GOVT WANTS TO INTRODUCE SINGLE ACCOUNT FOR TAXPAYERS

KYIV. Aug 11 (Interfax-Ukraine) – The Ukrainian government has proposed that the Verkhovna Rada passes amendments to the Tax Code to introduce the single account for paying taxes and duties, as well as single social security tax using the e-cabinet of taxpayer.
The government made the decision on Wednesday, an Interfax-Ukraine correspondent has reported.
“The bill is intended to relax the rules of payments by taxpayers to budgets via the introduction of the single account to pay taxes and duties,” the explanatory note to the document says.
According to the bill, the document will introduce the system for paying single social security tax, taxes and duties outlined in the Tax Code, apart from VAT and excise duty for fuel, via the e- cabinet of taxpayer. The new rules are to facilitate payment of taxes.

SOUTH AFRICAN COMPANIES SEEKING SUPPLIERS OF FLAX AND DAIRY PRODUCTS IN UKRAINE

KYIV. Aug 10 (Interfax-Ukraine) – Growth Leap (Pty) Ltd. (South Africa) is looking for suppliers of flax seeds in Ukraine, according to the company’s export offer on the website of the Ministry of Economic Development and Trade.
According to the report, the said company already had experience of work with Ukrainian manufacturers of this product. Its leadership, if necessary, is ready to visit Ukraine for signing long-term contracts.
In addition, the South African company Humeat Import and Export (Pty) Ltd. is also seeking Ukrainian suppliers of food, in particular pasteurized milk and milk powder, cheese, edible oil.
The ministry said COOP Trading A/S (Denmark), which serves such chain stores in Denmark and Northern Europe as Fakta, Inka, Fotex, etc., is studying the possibility of supplying Ukrainian sugar for sale in the retail network.

ARCELORMITTAL KRYVYI RIH AND TIS BUILD INDOOR STORAGE FOR METAL GOODS AT YUZHNY PORT

ODESA. Aug 10 (Interfax-Ukraine) – ArcelorMittal Kryvyi Rih and Transinvestservice stevedoring company (TIS, Odesa region) have opened an indoor transshipment complex for metal goods worth more than $4.5 million at Yuzhny seaport (Odesa region).
According to a press release from TIS, the complex includes a warehouse for 7,000 square meters with a capacity of more than 40,000 tonnes. Its capacity will be 550,000 tonnes per year.
The warehouse was built by TIS for five months, it is equipped with four bridge cranes.
“Today it is the largest storage of this level in Ukraine. Blue re-bar is a special cargo which cannot come into contact with moisture throughout the supply chain not to lose its technological quality. Therefore there are roads and rail tracks inside the new transshipment complex to unload wagons. The warehouse is completely waterproof, loading is carried out inside,” reads the document.
According to Deputy Director General for Marketing and Sales at ArcelorMittal Kryvyi Rih Anastasia Tatarulyeva, the opening of the new complex will help the company not only increase exports, but also greatly improves their quality, as the quality of logistics is extremely important.

AGRICULTURE MINISTRY AND KYIVSTAR WILL DEVELOP DIGITAL PLATFORM FOR FARMERS

KYIV. Aug 10 (Interfax-Ukraine) – Ukraine’s Ministry of Agrarian Policy and Food has signed a memorandum of understanding with the Kyivstar mobile operator with the aim of introducing modern technologies into the production processes in agriculture.
According to a report on the ministry’s website, the agreement provides for the creation of conditions for the development of small and medium-sized farmers through the introduction of a digital platform.
“The developed digital platform for agricultural producers will be an effective tool for communications between ministry representatives and the key players of the agricultural sector, as well as for providing consultations and necessary information on government support programs or other information important to producers,” Deputy Minister of Agrarian Policy and Food for European Integration Olha Trofimtseva said.
According to her, using modern information tools will help agricultural producers more accurately and qualitatively analyze and forecast their activities.

FAO IN UKRAINE TO DRAW UP PROJECT TO ADAPT AGRICULTURE TO CLIMATE CHANGES BY DEC 2017

KYIV. Aug 10 (Interfax-Ukraine) – Food and Agriculture Organization of the United Nations (FAO) in close collaboration with the Agricultural Policy and Food Ministry of Ukraine and the Ecology and Natural Resources Ministry will draw up a project to adapt agriculture in Ukraine to climate changes.
FAO said in a press release that the project will consider current and projected climate conditions in Ukraine and their impact on agriculture (including forestry and fisheries).
The project will suggest measures for mitigating climate change, and for adapting to it. A series of consultations will be held to ensure transparency and broad input into the development of a plan of action.
“This project is incredibly important for Ukraine today, since the issues of irrigation, deforestation and forest degradation have become critical priorities on the national agroecological agenda,” Coordinator of FAO development programmes in Ukraine Mykhailo Malkov said.

INTERCHEM LOCALIZES PRODUCTION OF THREE MEDICINES IN KAZAKHSTAN

KYIV. Aug 10 (Interfax-Ukraine) – Double liability company Interchem pharmaceutical company (Odesa) has localized production of three medicines on the basis of Kazakhstan’s Viva Pharm limited liability partnership. The medicines will be presented on the Kazakh market.
Medical Director of Viva Pharm Botagoz Mashkeyeva told Interfax-Ukraine that soon Tilaxine antiviral pills will be made at the production facilities of the Kazakh pharmaceutical plant. It is known as Amixin in Ukraine. The Kazakh plant will also produce Hidazipam VIC antianxiety drug (pills and sublingual tablets) and Morphine sulfate VIC pain reliever (pills).
Mashkeyeva said that at present the companies are working on localization of some more medicines, including several antianxiety drugs, antiepileptic drugs and medicines to treat severe pain syndrome.
She said that the government policy to support local manufacturers is being implemented in Kazakhstan. It says that the transfer of medicine production technologies to Kazakhstan brings more benefits than imports of finished medicines.
“In the past years this triggered development of local pharmaceutical production, allowed creating a large number of highly paid jobs and increased availability and affordability of modern and efficient medicines,” she said.
In turn, Deputy Director General of Interchem for Marketing Iryna Hranatiuk said that along with the transfer of technologies and supplies of substances for production, Ukrainian specialists are participating in pharmaceutical designing of the quality system for all production stages.
“We are cooperating with colleagues from Kazakhstan for many years. The country’s market is dynamically developing and showing stable growth. Taking into account the Kazakhstan’s government policy stimulating local medicine production it was decided to organize production of some popular medicines there. The main thing for us was the issue of retaining the quality of our medicines. We have managed to find a partner to localize production, which, we are sure, would provide for stably high quality of products,” she said.
Interchem is one of the leading Ukrainian producers of medicines and pharmaceutical substances. It is included in the top ten manufacturers of medicines. The share of own production reaches 2% of the total market in the country.
Viva Pharm has been operating on the Kazakh market for 18 years.