The law on the “State Budget of Ukraine for 2019” has every chance to be approved by the Verkhovna Rada of Ukraine on November 22, Minister of the Cabinet of Ministers of Ukraine Oleksandr Sayenko has said. “We have already received preliminary approval of the draft state budget by the Verkhovna Rada, received conclusions and proposals from deputies. In the near future, it will be submitted to parliament for the second reading. We have every chance that the state budget for the next year will be adopted on November 22 and we will enter the new year without problems with financing,” Sayenko said.
The minister stressed that the state budget for 2019 is, first of all, the modernizing of pensions, the increase in pension payments for the next year, the recalculation of pensions for military personnel. This is the army budget and subsidy issues.
“In essence, the state budget proposed today by the government retains all the positive programs that we had, and the amount of funding increases for the most programs,” the minister concluded.
Novaagro group of companies in October 2018 commissioned the first line of the Morozivka Agro poultry complex (Kharkiv region) with a capacity of 220,000 birds.
“The company announced plans for reconstruction in April of this year, and in October 2018 put into operation the first line with a capacity of 220,000 birds,” the report on the group’s website says.
At the same time, the group acquired Balakliya Poultry Breeding Company, which owns two operating poultry farms and a slaughterhouse with a capacity of 3,000 birds per hour (all facilities are located in Kharkiv region).
“Thus, after the reconstruction and acquisition of the existing sites, Morozivka Agro poultry complex consists of three poultry farms with a total capacity of 650,000 birds and a slaughter plant with a capacity of 3,000 birds per hour,” the group noted.
Novaagro group of companies has been working in agribusiness in the Ukrainian and international markets since 2009. The group includes four operating companies specializing in cultivation, sale, export of grains and oilseeds, poultry farming, warehousing, production and sale of animal feed, wheat flour, and granulated bran.
The International Monetary Fund (IMF) Resident Representative in Ukraine Goesta Ljungman has reported on the upcoming visit to Kyiv of experts of the fund to discuss the 2019 draft budget, the adoption of which is a condition for providing Ukraine with funding for the new stand by program. According to Ljungman, the experts will stay in Ukraine on November 4-9.
Latvia’s airBaltic will launch direct regular flights on the Riga-Lviv-Riga route from April 1, 2019.
Accordig to the booking system, airBaltic will operate flights between Riga and Lviv four times weekly: on Mondays, Wednesdays, Fridays and Saturdays from Riga and on Tuesdays, Thursdays, Satrudays and Sundays from Lviv.
The round trip ticket prices start from EUR 130.
airBaltic also flies to Kyiv and Odesa.
airBaltic connects the Baltic region with 70 destinations in Europe, the Middle East, and the CIS. The state of Latvia owns 80.05% of the airline, and Aircraft Leasing 1 holds 20%.
Uzbekistan provides Ukrainian pharmaceutical companies operating in the country with annual sales of $49-50 million, Ambassador of Uzbekistan to Ukraine Alisher Abdualiyev has said. “We literally a month and a half ago met with the management of the Farmak enterprise. This enterprise occupies one of the leading positions of Ukrainian pharmaceutical exports to Uzbekistan. In addition, the major suppliers are Ukrainian companies Arterium, YURiA-PHARM and others. We provide them with annual sales at the level of $49-50 million,” he said in an interview with Interfax-Ukraine.
At the same time, Abdualiyev said that Ukrainian pharmaceutical products in Uzbekistan are exempted from VAT.
In addition, the ambassador recalled that in Uzbekistan in six regions of the republic, seven special pharmaceutical zones have been established that will enjoy benefits and preferences.
“A representative of Farmak has already visited Uzbekistan, looked at possible sites for the future enterprise. The other day we are to meet, discuss all issues and organize negotiations of the Farmak head in Uzbekistan,” he said.
Revenue of Ukraine’s national budget in October 2018 totaled UAH 72.6 billion, which is UAH 1.2 billion (1.8%) more than the target, while revenue in January-October 2018 reached UAH 747.3 million, and the revenue target was met only by 97.7% (UAH 17.5 billion less).
According to information on the website of the State Treasury Service of Ukraine, compared with October 2017 revenue last month grew by UAH 10.8 billion or 17.6%, while in January-October rose by 15.4% or UAH 99.9 billion.
Tax payments in January-October 2018 exceeded the January-October 2017 figure by 17%, reaching UAH 312.5 billion, and the target was met by 100.4%. Customs payments over the period grew by 13%, totaling UAH 275.6 billion.
In October alone, tax payments amounted to UAH 26.6 billion, which was 25% more than a year ago. The target was met by 97.1%. Customs payments last month reached UAH 35.5 billion, a rise of 23% year-over-year. The target was met by 111.9%.
In general, the State Fiscal Service met the target by 105% in October 2018. Payments grew by 23.9% year-over-year.
The State Treasury Service said that in January-October 2018 VAT was refunded in the amount of UAH 107.9 billion, which is 11% more than a year ago. In October alone, UAH 10.3 billion was refunded compared with UAH 12.46 billion in September 2018.
The revenue target of the general fund in January-October 2018 was met by 97.9%. Revenue totaled UAH 673.1 billion. In October 2018, the revenue target of the general fund was met by 104.8%. Revenue came to UAH 64 billion.
Revenue of local budgets in October 2018 grew by 10% year-over-year, to UAH 22.2 billion. The target was met by 114%.
Revenue from payment of single social security tax in October rose by 25.9% year-over-year, to UAH 19.9 billion.
