Business news from Ukraine

Business news from Ukraine

CUSTOMS SERVICE: UKRAINIAN TRADERS TO BE ABLE TO FREELY CHOOSE SINGLE CUSTOMS DECLARATION FROM MARCH 17

The new computerized transit system (NCTS) will enter the stage of national application from March 17 after four months of testing at four customs, the State Customs Service said.

“From March 17, traders can independently choose one of two systems for placing goods in transit mode: either NCTS, or the national system for controlling the delivery of goods,” the department said on the Telegram channel on Tuesday.

The State Customs Service explained that the first stage, a pilot project for the use of NCTS, has lasted since November. At this stage, only four customs offices worked with the joint transit system: Volynska, Kyivska, Pivnichna and Odeska. At the same time, the traders who took part in the experiment submitted two declarations at the same time: the transit “T1UA” and the usual “EE”.

From March 17, all customs offices will be gradually connected to the NCTS: the first – the customs offices on the western border, then – the largest internal customs offices and then the rest, the department added.

Ukraine’s accession to the joint NCTS transit system makes it possible to speed up customs procedures when goods pass through the Ukrainian-European border in transit.

20% OF UKRAINIAN GRADUATES GOING TO ENTER FOREIGN UNIVERSITY

Some 20% of graduates are going to enter a foreign university, according to results of the sociological survey “Education in Ukraine: how Ukrainian Schools Survived the First Waves of Quarantine.”

In particular, 32% of respondents believe that they will study better at a top Ukrainian university than in Europe, the USA and Canada, 30% believe that it is necessary to study only in Ukraine, 20% – only abroad, and 20% found it difficult to answer.

Also, 61% of respondents believe that the university is an important space for socialization, finding friends and future partners. Some 49% of respondents believe that a certain stereotype has developed in society that education is a key to success, and another 49% say that the university provides an opportunity to start a business with minimal risk.

The online survey was conducted by the Ukrainian Institute for the Future in partnership with New Image Marketing Group from February 25 to March 4, 2021.

1,353 respondents were interviewed. The statistical error is 3.5%.

PRESIDENT OF UKRAINE INVITES AUSTRIAN PRESIDENT TO TAKE PART IN CELEBRATION OF 30TH ANNIVERSARY OF UKRAINE’S INDEPENDENCE

President of Ukraine Volodymyr Zelensky has invited Austrian President Alexander Van der Bellen to join the Crimean Platform and take part in the celebration of the 30th anniversary of Ukraine’s independence.

“Thank you Van der Bellen for supporting Ukraine’s sovereignty & territorial integrity. Grateful that you agree to help speed up Ukraine’s receipt of vaccine under COVAX. Please accept invitations to the 30th anniversary of Ukraine’s Independence and to join the Crimean platform,” Zelensky wrote on Twitter on Friday.

The press service of the head of state reported later that in the telephone conversation of the presidents, the main attention was paid to the measures that are being taken in Ukraine and Austria in order to counter the spread of coronavirus and strengthen the protection of citizens. Zelensky also stressed the importance of solidarity distribution of certified vaccines. In turn, Van der Bellen confirmed his readiness to facilitate the accelerated receipt of vaccines in Ukraine within the framework of the COVAX initiative.

“In my opinion, the most important thing is for this vaccine to be of high quality and effective. The sooner Ukraine receives new batches of vaccines, the sooner vaccinations will take place in our country,” Zelensky said.

In addition, the parties agreed that international sanctions against the Russian Federation should be maintained until the full restoration of the territorial integrity of Ukraine within its internationally recognized borders.

MOST POPULAR CAR BRANDS IN UKRAINE VOLKSWAGEN, FORD AND RENAULT

Initial registrations in Ukraine of used cars imported from abroad in January-February 2021 amounted to almost 53,000 cars, which is 4.4 times higher than registrations of new cars for the same period of 2020, according to the Ukrautoprom association.

According to the information on the association’s website, in February, 27,400 imported used cars were registered for the first time, and the share of these cars amounted to 81% of the primary passenger car market, taking into account new ones, which amounted to 33,700 cars.

Last month, the most popular brand in customs cleared used cars was Volkswagen (4,599 cars), followed by Ford (2,609 cars), and Renault (2,233 cars).

The fourth place belongs to Skoda with the registration of 2,173 cars, and Hyundai with 1,775 car registrations closes the five most popular brands of February.

As reported, in January-February 2020, the registration of used imported cars amounted to 61,000 cars – 4.4 times more than new ones, and for the whole last year the demand for them exceeded the market of new cars by 4.1 times, to 353,400 cars.

HOTEL OCCUPANCY IN KHARKIV – 41%, IN ODESA – 24%

The maximum occupancy of rooms in February was recorded in hotels in Kharkiv of 41%, while in Lviv of 39%, Kyiv of 34%, Odesa of 24%, Hotel Matrix said.

“Kharkiv in February was able to overtake Lviv in all respects. Let me remind that according to the results of January, the occupancy of hotels in Lviv was 35%, in Kharkiv was 31%. In such a change of leader, one can see a manifestation of the growth of business activity. But it is necessary to clarify that in Kharkiv there is a lower offer of room stock of 2.3 ones per 1,000 inhabitants. For comparison, in Lviv this figure is 4.3 rooms, in Kyiv it is 4.5, in Odesa it is 6.3,” project supervisor of Hotel Matrix Olha Mischenko told Interfax-Ukraine.

The increase of business activity is indirectly showed by the dynamics of the average tariff (ADR): UAH 2,262 in Kharkiv (against UAH 2,222 in January) and UAH 1,707 (against UAH 1,609) in Kyiv. At the same time, the ADR of Lviv dropped to UAH 1,844 (UAH 2,236), in Odesa to UAH 1,294 (UAH 1,397).

According to analytics, revenue per available number per day (RevPAR) in Kharkiv in February amounted to UAH 925, Lviv to UAH 716, Kyiv to UAH 582, Odesa to UAH 310.

Hotel Matrix is a web-based hotel analytics product developed by specialists from Poland and Ukraine. It was launched in May 2020. Now 150 hotels are connected to Hotel Matrix.

TOP OFFICIAL: TAX AMNESTY VICTORY TO BE $20 BLN WITHDRAWAL FROM INFORMAL ECONOMY

The victory of the tax amnesty will be the withdrawal of $20 billion from the informal economy, Head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Danylo Hetmantsev has said.

“I think it will be a victory if we withdraw up to $20 billion from the informal economy,” the MP said on the air of the program Freedom of Speech of Savik Shuster on Friday evening, March 5.

At the same time, according to him, it is difficult to predict the possible income of the government from the legalization of such assets.

“The fiscal goal is not the priority goal [of the tax amnesty],” Hetmantsev said.

As reported, President of Ukraine Volodymyr Zelensky registered in parliament a package of bills on tax amnesty, namely, bills No. 5153 (amendments to the Tax Code), No. 5154 (amendments to the Budget Code), No. 5155 (amendments to currency legislation), as well as bill No. 5156 with amendments to the Criminal Code and other laws. The bills propose a tax amnesty with a special duty rate for one-time declaration of 5% for currency valuables deposited in bank accounts in Ukraine and other assets in Ukraine, as well as at a rate of 9% for currency in bank accounts and other assets located abroad.