State-owned Ukreximbank (Kiev) earned UAH 4.4 billion in net profit for January-June this year, which is 2.3 times higher than the result for the same period last year, the press service of the financial institution said on Friday.
“June net profit of UAH 188 million allowed Ukreximbank to complete the first half of 2024 with a profit of UAH 4.4 billion, which is almost equal to the bank’s pre-tax profit for the whole of 2023, which amounted to UAH 4.9 billion,” the report said.
Ukrexim specifies that for the six months of 2024 operating profit increased by UAH 1.9 billion compared to the result of last year – up to UAH 3.3 billion.
According to the National Bank, Ukreximbank earned UAH 1.9 billion in net profit for the first 6 months of 2023, and in total for last year it amounted to UAH 3.3 billion. As of June 1, 2024, the bank ranked third in total assets among 63 banks (UAH 293.9 billion).
Turkey’s Dalgakiran has invested UAH 400 million in launching a plant to produce industrial power equipment in Bilogorodka in Kiev region, Dalgakıran Kompresör Ukraine LLC said in a press release.
The construction project was started before the large-scale Russian aggression, and now thanks to the investment of the Turkish side it has been completed. The investment in the production site and office will create 50 new jobs.
“The office and new production in Ukraine will contribute to the development of enterprises in all sectors, giving them the opportunity to continue economic activities, save money and resources,” said Vyacheslav Dinkov, director of Dalgakiran Compressor Ukraine.
According to him, the company’s plans include further development and localization of production, development and supply of new equipment necessary for the restoration of energy and industrial production in Ukraine.
In turn, Chairman of the Board of Dalgakiran Kompresör Adnan Dalgakiran noted that the scaling of business in Ukraine is a contribution to support the country’s economy and energy sector in difficult times. “In conditions of power outages, our equipment is able to ensure the continuity of business processes and production, enable businesses to continue to operate, pay taxes and give Ukrainians jobs,” he said.
“Dalgakiran Compressor Ukraine” is a representative office of Turkish Dalgakiran, specializing in the manufacture and service of generator and compressor equipment, cooling systems and industrial pumps.
Ukrainian representative office sells equipment and improves it to meet the needs of the national customer. The basic equipment is manufactured in Turkey, where a full cycle of quality control is introduced, as well as its own design office.
The company has been working in Ukraine for 19 years, has representative offices in 11 cities and more than seventy own mobile service teams.
Dalgakıran Kompresör, industrial power equipment, INVESTMENTS, TURKEY
The Cabinet of Ministers of Ukraine in the bill on raising taxes by 138.7 billion hryvnias this year, among other things, proposes to reduce the threshold of duty-free import of parcels from abroad from EUR150 to EUR45, the Finance Ministry said on Thursday. According to the explanatory note to the bill, goods whose total invoice value does not exceed the equivalent of EUR45 for one recipient will not be taxed, compared to the current norm of EUR150.
It is noted that the goods must be transferred without any payment, intended for personal or family use, and their characteristics and quantity must not indicate that they are imported for any commercial purpose.
At the same time, the above criteria do not apply to excisable goods, perfume in the volume of more than 50 ml or toilet water in the volume of more than 0.25 liters or eight ounces, coffee in the volume of more than 0.5 kg or coffee extracts and essences in the volume of more than 200 g; tea in the volume of more than 100 g or tea extracts and essences in the volume of more than 40 g. If when imported into the customs territory of Ukraine the volume of the above-mentioned goods exceeds the specified, the duty-free threshold does not apply to them.
According to the table published by the head of the parliamentary committee on finance, tax and customs policy Daniil Hetmantsev, the expected additional revenues from the reduction of duty-free threshold for import of goods from abroad will amount to UAH 3.3 billion this year and UAH 8 billion next year.
Geographical structure of Ukraine’s foreign trade (surplus) in Jan-Apr 2024, mln USD
Source: Open4Business.com.ua
The Cabinet of Ministers of Ukraine for the period of martial law has exempted from VAT operations on the supply of components for vehicles (including special and specialized), as well as fuel and lubricants for security and defense forces, said the Cabinet’s representative in the Verkhovna Rada Taras Melnychuk following a government meeting on Thursday.
The government’s decision is enshrined through amendments to the government resolution from March 2, 2022 N178 “Some issues of imposition of value added tax at a zero rate during martial law”.
“It is established that until the termination or abolition of martial law, operations on the supply of goods (spare parts, batteries, car tires, coolants, components, additional equipment, etc.) for vehicles (including special, specialized vehicles), as well as fuel and lubricants … are subject to value added tax at a zero rate,” Melnychuk wrote in Telegram.
Geographical structure of ukraine’s foreign trade (imports) in Jan-Apr 2024, mln USD
Source: Open4Business.com.ua and experts.news
