Business news from Ukraine

Business news from Ukraine

UKRAINE ALLOWS IMPORT OF INNOVATIVE CROP PROTECTION AGENTS

The Verkhovna Rada has adopted at the final reading a bill allowing the import of samples of innovative crop protection agents (PPP) for scientific research and state testing into Ukraine by canceling the amendment introduced in December 2015 prohibiting the testing of imported pesticides without their preliminary registration in the country of origin.
Bill No. 2289 with amendments to Article 4 of the law on pesticides and agrochemicals regarding the import of pesticides into the customs territory of Ukraine at the final reading at a session on Wednesday were supported by 291 MPs with the required 226 votes.
The rule, according to which a prerequisite for the import and use in Ukraine of samples of unregistered pesticides used for state testing and scientific research is documentary confirmation of their state registration in the country of production, was removed from Article 4 of the law on pesticides and agrochemicals.
According to an explanatory note to the document, conflicts of legal norms on the regulation of the import and use of pesticides not registered in Ukraine are eliminated, and it is allowed to use, store, sell, advertise and transport the remnants of imported agents within two years after the expiration of their registration period.

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81,637 PEOPLE VACCINATED AGAINST CORONAVIRUS IN UKRAINE PER DAY

Over the past day, June 29, some 81,637 people were vaccinated against the coronavirus (COVID-19) disease in Ukraine, while 21,475 Ukrainians received the first dose of the vaccine, and 60,162 received the second, the press service of the Ministry of Health reports. “Some 81,637 people were vaccinated against COVID-19 per day on June 29, 2021. Some 21,475 people received the first dose, and 60,162 people were fully immunized. Some 518 mobile teams, 1,336 vaccination points, and two vaccination centers worked during the day,” the ministry said on Telegram.
It is noted that as of June 29, 2021, some 756,424 people were on the waiting list for vaccination against COVID-19.
“Since the beginning of the vaccination campaign, 1.934 million people have been vaccinated, of which 1.933.944 received the first dose, and 649,524 people were fully immunized and received two doses [two of them received the first dose abroad]. A total of 2.583 million vaccinations were carried out,” the Ministry of Health said.

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UKRAINIAN TRANSPORT COMPANIES INCREASE PASSENGER TRAFFIC IN JAN-MAY

Ukrainian transport companies carried 1.026 billion passengers in January-May 2021, which is 1.4% more than in January-May 2020, the State Statistics Service has reported.
The passenger turnover of transport enterprises in the specified period amounted to 21.5 billion passenger-kilometers, which is 7% more than in January-May last year.
According to the State Statistics Service, 29.9 million passengers used railway transport in January-May 2021 (including city commuter trains), which is 6.8% more than in the same period in 2020, and 426.9 million passengers used road transport (1.5% more).
Air transport reduced passenger traffic by 20%, to 2.4 million people.
In addition, according to the State Statistics Service, in January-May 2021, some 155.4 million passengers used trams (9% less versus January-May 2020), subway carried 174.4 million people (21.1% more), trolleybuses some 236.9 million people (4% less).
During the specified period, water transport carried 0.1 million passengers.

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LAND PURCHASE TAX IN UKRAINE TO BE 6.5%

After the moratorium on the alienation of farmland is lifted on July 1, the parties to the transaction for the purchase of a land plot will need to pay 5% personal income tax and 1.5% military duty, taxes and fees will be calculated from the cost of the plot specified in the sale and purchase agreement, according to the Facebook page of the Ministry of Justice.
The ministry said that the military tax shall be paid even before the moment of notarization of the land alienation agreement.
The Ministry of Justice said that the basic calculated value for taxation of transactions for the purchase of land will be the price specified in the purchase and sale agreement, which cannot be lower than the assessed value of the land calculated by the authorized body.
According to the ministry, the legislative algorithm for taxation of land transactions also provides for a number of benefits.
“The owners of agricultural land plots and land shares received as a gratuitous transfer in accordance with Article 121 of the Land Code of Ukraine are exempted from taxation. Benefits, under certain conditions and only once a year, can also be used by persons who received such plots in the course of privatization,” the ministry said.

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PRICES FOR CONSTRUCTION WORK IN UKRAINE 16.8% UP

Prices for construction and assembly work in Ukraine in May 2021 increased by 16.8% compared to May 2020, the State Statistics Service has reported.
According to the statistics department, prices increased in all segments of construction: in residential construction the growth was 10.6%, in non-residential construction – 15.3%, in engineering – 22.1%.
Compared to the previous month, the cost of construction of residential buildings in May increased by 1.3%, non-residential – by 2%, engineering structures – by 1.4%.
Since the beginning of the year, the rise in prices for construction work amounted to 14.2%, the State Statistics Service said.
As reported, in 2020, prices for construction work increased by 3.7% compared to the previous year, while in 2019 – by 6%.

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INVESTMENT PROMOTION OFFICE RECEIVES 23 REQUESTS FROM POTENTIAL INVESTORS FOR A TOTAL OF $1.35 BLN

The Investment Promotion Office (UkraineInvest) has received 23 requests from potential investors for a total of $1.35 billion within the framework of the adopted law on “investment nannies,” UkraineInvest Executive Director Serhiy Tsivkach told Interfax-Ukraine on the sidelines of Hyperloop 3.0 organized by the Biosphere Corporation in Lviv.
“As of today, we have 23 projects. The 24th is being confirmed. The total amount is $1.35 billion. I think that after this event, the pipeline will increase by another 500 million,” Tsivkach said.
According to him, now UkraineInvest employs about 14 people in this direction. “Some of them work directly with investors, some do their homework. We try to ensure that one manager has 7-10 projects,” the head of UkraineInvest said.
He said that the government has already adopted four by-laws necessary for the launch of the investment nannies mechanism in practice.
“We are still expecting three acts: on keeping the register of projects, requirements for feasibility studies and methodology for calculating the amount of state aid. I think that within a month, God forbid, we will be able to process the first applications and submit them to the Ministry of Economy,” Tsivkach said.

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