KYIV. May 5 (Interfax-Ukraine) – Ukraine’s national budget revenue totaled UAH 259.78 billion in January-April 2017, which is 18.9% or UAH 41.21 billion above the revenue target for the period, the State Treasury Service has reported.
Revenue increased by 51.1% or UAH 87.84 billion compared with the same period of 2016, due to receipt by the special fund on April 28 of UAH 30 billion (about $1.1 billion) in special confiscations and receipt in April of UAH 10 billion from the National Bank of Ukraine (NBU), which only began paying into the budget last year in October.
The budget received UAH 85.03 billion in April alone, 42.2% above target and nearly double the revenue figure for April 2016.
Tax revenue increased by 24.8%, to UAH 109.5 billion and customs revenue increased by 30.5%, to UAH 91.07 billion, which was 3.7% and 13.6% above target respectively.
In April, tax revenue totaled UAH 18.48 billion, 7.6% less year-on-year and 13.2% below target. But customs revenue increased 27.3% year-on-year, to UAH 24.22 billion, 13.5% above target. As a result, overall budget revenue in April was 0.2% above target and 9.4% higher than in April 2016.
The Treasury also said revenue to local budgets increased 40.5% in the four months of 2017 year-on-year, to UAH 61.71 billion, including an increase of 49.8%, to UAH 18.08 billion in April alone.
Ukraine’s 2017 national budget stipulates revenue totaling UAH 731.03 billion and UAH 800.13 billion, representing increases of 18.6% and 16.8% respectively over the actual indicators in 2016.
KYIV. May 5 (Interfax-Ukraine) – Kherson machine building plant this year started producing Skif 280 Superior grain harvester, seeking to make 10 machines a month.
According to a posting on the website of Ukraine’s Agricultural Policy and Food Ministry, the new harvester created on the basis of Finnish Sampo Rosenlew SR 3085 Superior, will be presented at the Agro 2017 international exhibition to take place in Kyiv on June 7 through June 10.
The harvester has technical specification of foreign analogs, but its price will be smaller.
As reported, Sampo Rosenlew and Kharkiv Tractor Plant in 2015 announced the launch of a joint project to produce combines. They planned to make around 200 combines in 2016 and boost production to 500 units by 2018.
However, late 2015, the project was frozen under the initiative of Finland.
Kherson machine building plant in 2013 intended to organize joint production of combines with Belarus’ Gomselmash and then it
Italy feels the circumstances of the economic crisis. Therefore, closer cooperation between Italian and Ukrainian industrialists and entrepreneurs and business associations is seen as very promising. It was discussed at a meeting of President of the Ukrainian League of Industrialists and Entrepreneurs (ULIE) Anatoliy Kinakh and President of the Italian Chamber for the Balkans and Ukraine Paolo Di Lullo.
The Italian Chamber is known in Ukraine primarily through sincere support of Ukrainian soldiers injured in military operations in the east of the country. Italian businessmen have in particular sponsored prosthetics and rehabilitation treatment of eight Ukrainian soldiers. Anatoly Kinakh thanked the counterparts for their care and support.
“We are a regional structure that brings together 112 entrepreneurs mainly representing small businesses in the region of Abruzzo. However, our goal is to expand business opportunities through cooperation with neighboring countries, so we have opened offices in Kyiv, Minsk, Bucharest and in Morocco,” Paolo Di Lullo said presenting the Chamber.
The parties agreed to work out a specific protocol of intentions and strengthen communication between the organizations.
Bilateral trade and economic cooperation between Ukraine and Lithuania could return to the pre-crisis level, which is over $1.5 billion, in the coming years thanks to the activity of the two countries’ business structures, while close cooperation will ensure the accelerated development of certain sectors of the economy of both states. First of all, Ukrainians are interested in the adoption of energy-saving technologies, the development of business infrastructure, the adaptation of production to EU standards and regulations. Lithuanian partners are in dire need for Ukrainian specialists and are ready to invest in the Ukrainian market and place foreign orders on it as outsourcing.
This was discussed at the conference titled “Ukraine and Lithuania: Investment and Business Opportunities,” which was held in Kyiv. The event was a practical continuation of the economic forums held at high levels and traditionally organized by the Ukrainian League of Industrialists and Entrepreneurs (ULIE), the Lithuanian Confederation of Industrialists, the Chambers of Commerce and Industry, and other partners. This time the conference touched on practical aspects of work in both countries, opportunities to boost investment, advantages and problems of doing business and other issues.
“Lithuania and Ukraine have not only built a good partnership, but also created an atmosphere of trust and friendship, which will help us achieve concrete results. The countries have reached the unprecedented level of cooperation and are in many ways complementary: Lithuania is now a member of the European Union, it has developed business infrastructure, the IT sector; Western investment is actively injected in our country. In turn, Ukraine has a huge potential in terms of economic development, human resources, the agricultural sector,” Ambassador of Lithuania to Ukraine Marius Janukonis said.
ULIE President Anatoliy Kinakh drew attention to the need for further implementation of reforms in Ukraine that would be conductive to a favorable business and investment climate. They include further currency liberalization, land market regulations, an improvement in taxation and other issues.
