Business news from Ukraine

National energy company Ukrenergo will initiate the transfer to Regulatory Asset Base (RAB) from 2019, the state-owned enterprise has said in a press release.
The press release recalled that the company is to appraise its assets and implement the investment program for the year preceding the switch to RAB by at least 95% for transfer to RAB tariffs.
Ukrenergo will focus on the implementation of the above-mentioned conditions and will initiate its switch to RAB in 2019 with the regulator.
“The introduction of RAB will allow Ukrenergo to operate more flexibly and play by the same rules with our European partners. One more desirable step for us from the regulator should be the transition to the approval of investment programs not for the coming year, but at least for the three or five years. This planning horizon will make the company more understandable for creditors, as the implementation of most projects is designed for several years” Ukrenergo Head Vsevolod Kovalchuk said.
RAB regulation applies almost in each European country. It allows attracting investment into power lines and increasing the quality of servicing. Ukrenergo operates trunk and interstate power grids, as well as performs the centralized dispatching of the united energy system in the country. The company is a state-owned enterprise. It is subordinate to the Ministry of Energy and Coal Industry.

Nibulon plans to build a new transshipment terminal in Ternivka (Zaporizhia region), according to the website of Zaporizhia Regional State Administration.
According to the report, head of the administration Kostiantyn Bryl discussed with the company representatives the procedure of land allocation, energy supply, the need for dredging, other problems.
“Before building anything, you need to do a lot of work with documents, coordinate and resolve problematic issues. Well-coordinated work on the creation and processing of documentation that will not violate the law are now required from a large number of government instances,” he said.
Nibulon LLC was established in 1991. It is one of the largest operators in the grain market of the country. It has elevators with a total capacity of about 2 million tonnes, as well as its own transshipment terminal with a capacity of 5 million tonnes in Mykolaiv.

Public joint-stock company Ukrgazvydobuvannia is the leader in the list of largest taxpayers in 2017, paying UAH 50.4 billion of taxes in 2017 compared with UAH 38.1 billion in 2016, the Office of Large Taxpayers of the State Fiscal Service has reported.
The top three largest taxpayers in 2017 also includes private joint-stock company Tobacco Company B.A.T.-Pryluky (UAH 13.1 million), and Philip Morris Ukraine (UAH 13.5 million).
National joint-stock company Naftogaz Ukrainy cut tax payments by UAH 4.6 billion compared with 2016, to UAH 11.5 billion.
Ukrnafta with UAH 10.4 billion paid compared with UAH 8.2 billion in 2016 is also in the top five of largest taxpayers.
The top ten includes JT International Ukraine (UAH 9.5 million), Ukrtatnafta (UAH 8.7 billion) and National Nuclear Generating Company Energoatom (UAH 8.7 billion), as well as Ukrtransgaz (UAH 7.8 billion) and private joint-stock company Imperial Tobacco Production Ukraine (Kyiv, UAH 7.5 billion).
The office said that the top 100 largest taxpayers out of 2,506 serviced by the office in 2017 paid UAH 258.3 billion to the budget, which is over 70% of all payments serviced by the office.
In general, taxpayers serviced by the office increased payments to the consolidated budget by UAH 95 billion, sending UAH 355.1 billion.