The Cabinet of Ministers has proposed to the Verkhovna Rada to reduce the ceiling cost of duty-free import of goods into Ukraine in hand luggage or accompanying baggage from EUR 1,000 to EUR 430 – for checkpoints at airports and seaports, as well as at the level of EUR 300 instead of EUR 500 – through other checkpoints.
In addition, the bill increases the period during which goods in connection with resettlement to a permanent place of residence in Ukraine are imported without customs duties to one year instead of current six months.
At the same time, the government bill proposes to exempt from taxation the import into the territory of Ukraine of fixed assets of companies that move their activities to Ukraine with the creation of a new enterprise.
In addition, the bill proposes to exempt from duties scientific equipment, devices, as well as other items of research activities not related to entrepreneurship.
The U.S. Department of Agriculture (USDA) in its June report has improved the projections for the export of Ukrainian sunflower oil in 2021/22 marketing year (September-August) by 1.02 million tonnes (a rise of 18.9% compared to 2020/21), to 6.4 million tonnes, its production – by 1.05 million tonnes (a rise of 17.7%), to 6.98 million tonnes.
According to a report published on the USDA website, the projection for sunflowerseed production in Ukraine in the current marketing year has been improved by 2.6 million tonnes (a rise of 18.5%), to 16.7 million tonnes.
In its June report, the USDA improved its forecast for Ukraine’s exports of sunflowerseed meal in 2021/22 by 0.7 million tonnes (a rise of 15.2% versus 2020/21), to 5.3 million tonnes, its production – by 1.01 million tonnes (a rise of 17.7%), to 6.71 million tonnes.
According to the USDA, Ukraine in 2021/22 will remain the main world exporter of sun sunflowerseed flower oil, while world production of sunflowerseed oil will grow by 10.2%, to 21.15 million tonnes.
Official rates of banking metals from national bank as of June 14
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 14/06/21
Source: National Bank of Ukraine
The restoration of the Egypt-Ukraine Business Council will be on the agenda of the intergovernmental bilateral meeting in June, which will be held in Egypt, Ambassador Extraordinary and Plenipotentiary of the Arab Republic of Egypt Ayman Ahmed Mokhtar Elgammal has said in an exclusive interview with Interfax-Ukraine.
He said that the Egypt-Ukraine Business Council will consist of representatives of Ukrainian and Egyptian business.
The Ambassador said that the Chambers of Commerce of both countries will present participants who are interested and have experience in doing business both in Ukraine and in Egypt. The council’s activities will also be aimed at promoting business and bilateral investments, holding various sectoral specialized exhibitions in both countries. Thus, since the council includes both sides, it will be clearer for business how to invest in Ukraine, Elgammal said.
The ambassador recalled that the Egypt-Ukraine Business Council was created ten years ago, but has been inactive in recent years.
The focus of activity (of the council) is not limited to investments. All types of business activities, investments, co-production, joint ventures and projects depending on the sector – everything will be promoted by this council, Elgammal said.
He is convinced that obtaining information on investment opportunities in Ukraine and Egypt through the council will be much faster and easier than through government institutions in both countries.
Ukraine occupies an important place in the discussions of the leaders of the G7 countries, said President of the European Commission Ursula von der Leyen.
“Ukraine is high on our common agenda. The G7 supports Ukraine’s territorial integrity and stands ready to assist in its reform efforts. Ukraine needs strong institutions acting based on the rule of law,” she wrote on Twitter on Saturday.
