The Ukrainian film “Editorial Office” directed by Roman Bondarchuk in co-production with the German company Elemag Pictures received EUR 140,000 from Eurimages, Culture Minister of Ukraine Oleksandr Tkachenko said.
“High-quality and major film requires appropriate funds. Especially if there is a goal to enter the world cinema market. And here’s the good news. The film ‘Editorial Office’ directed by Roman Bondarchuk, co-produced with the German company Elemag Pictures, received EUR 140,000 from Eurimages,” the minister said in his Telegram account on Monday evening.
According to him, the decision to support the Ukrainian-German film “Editorial Office” was made at a meeting of the Board of Directors of the European Support Fund for the Co-Production and Distribution of Creative Cinematographic and Audiovisual Works.
“According to a special procedure for Ukraine, the accounts of Ukrainian producer Darya Bassel (Moon Man LLC) will receive more than EUR 110,000. The drama with elements of the comedy “Editorial Office” became one of the winners of the 14th competitive selection of the State Film Agency and received support of almost UAH 20 millio,” Tkachenko said.
He thanked colleagues from Eurimages for their support.
Gazprom (MOEX: GAZP) has again refused to book additional transit capacity via Ukraine for July despite the upcoming major repairs on export gas pipelines, according to data of the Regional Booking Platform.
Gas Transmission System Operator of Ukraine LLC on Tuesday put up for auction additional interruptible transit capacities for July totaling 63.7 million cubic meters per day, which were fully unclaimed.
Russia’s state-owned gas company has a long-term booking capacity of 40 billion cubic meters via Ukraine for 2021 at 109 million cubic meters per day, having booked an additional 15 million cubic meters per day at the June 21 auction for a total of 124 million cubic meters per day. Gazprom in June has been pumping an average of 124 million cubic meters per day via Ukraine at the fully booked volume.
When an auction for solid capacities is 100% sold, then an auction for interruptible capacities may be organized depending on the capabilities of the gas transmission system operator.
Gazprom earlier this year did not book interruptible capacities during the auctions held for May and June. However, major repairs are scheduled for July along the concern’s main export trunklines. For example, Nord Stream, which pumps 170 million cubic meters per day, is scheduled for annual maintenance from July 13 to 23; and Yamal-Europe, which pumps around 100 million cubic meters per day, is scheduled for maintenance from July 6 to 10.
The balance of the European gas market is becoming increasingly tense because of the unusual seasonal regularity of falling LNG supplies, and supplies of pipeline gas are decreasing owing to scheduled repairs. Pumping of gas into underground storage facilities is at minimum levels, leaving little doubt that Europe could begin the new winter season with half-empty UGS facilities.
The European Bank for Reconstruction and Development (EBRD) has improved its forecast for the economic growth in Ukraine in 2021 from 3% to 3.5%, according to its June forecast.
GDP is expected to grow by 3.5% in both 2021 and 2022, the EBRD said in its June regional economic prospects.
According to the report, the main risks are associated with the slow progress of reforms in the country and the relatively slow pace of vaccination, the bank’s analysts say.
Although the economy contracted 2% year-on-year in the first quarter of 2021 due to prolonged quarantine restrictions, there are indications that it is gradually returning to growth in the second quarter thanks to higher commodity prices, the EBRD said.
Since July 1, Cyprus has canceled the requirement to provide a PCR test for entry into the country, as well as self-isolation or quarantine for Ukrainian citizens who have a valid vaccination certificate, the Cyprus Embassy in Ukraine said.
“From July 1, 2021, vaccinated passengers who have a valid COVID-19 vaccination certificate arriving in Cyprus from Ukraine, regardless of their citizenship, are exempt from laboratory test and self-isolation or quarantine obligations, subject to the following conditions: they have a valid vaccination certificate issued by Ukraine; they received one of the vaccines approved by the European Medicines Agency (Pfizer/BioNTech, AstraZeneca, Moderna, Janssen), or Sputnik V, or Sinopharm (BBIBP COVID-19) vaccine as on May 21, and completed the vaccination scheme,” the Embassy of Cyprus in Ukraine said in the statement on Tuesday.
The transnational German transport company Hapag-Lloyd has announced the opening of the company’s Ukrainian office in Odessa.
According to the company’s press release, among the advantages of Ukraine, Hapag-Lloyd notes the strategic geographical position, the attractiveness of the export market for mineral resources and agricultural production.
“Ukraine is an important importer of electronics, equipment and consumer goods, as well as the location of operations for some of the world’s largest multinational companies, which opens up great opportunities for sea carriers such as Hapag-Lloyd,” the Ukrainian office of the company said.
The new office will be located in Odessa. At the moment, it already employs more than 20 people.
“The economic growth of the country is convincing, and many Ukrainian shippers are already using the services of Hapag-Lloyd. Opening our new office in Ukraine, we pay tribute to the excellent business development and great opportunities that we see in this market,” the company’s management said.
Hapag-Lloyd was founded in 1970 and owns a fleet of 241 modern container ships with a total carrying capacity of 1.7 million tonnes. Hapag-Lloyd has a container capacity of approximately 2.8 million tonnes, including one of the largest and most modern refrigerated container fleets.
President of Ukraine Volodymyr Zelensky signed the law On Amendments to the Tax Code of Ukraine regarding the abolition of taxation of income received by non-residents in the form of payments for the production and/or distribution of advertising, and improvement of the taxation procedure for value added tax transactions for the supply of electronic services by non-residents to individuals No. 1525-IX, which the Verkhovna Rada adopted on June 3. The website of the head of state reports that the document defines a special taxation procedure for value added tax of non-resident companies that provide electronic services to persons residing in Ukraine.
“This will allow increasing state budget revenues from VAT. Such taxation rules are already becoming a common practice in foreign countries, for example, in the countries of the European Union, Australia, Belarus, Kazakhstan, and the like,” it said.
It is reported that foreign companies that supply electronic services to Ukrainians will be required to register as value-added tax payers using a simplified procedure through a special electronic service if the total amount from the implementation of the relevant transactions exceeds UAH 1 million per year. Non-residents will fill out simplified statements in electronic form in the state or English language.
At the same time, according to the document, transactions for the supply of distance learning services via the Internet are exempted from VAT if this network is used exclusively as a means of communication between a teacher and a student. Also, transactions on the supply of educational services by access to public educational, scientific and information resources on the Internet from the branches of knowledge and specialties in which the training of applicants for higher education is carried out are exempted from value added tax, if their implementation and provision does not require human participation.
From January 1, 2022, Ukrainian companies which pay for services for the production or distribution of advertising abroad, will be exempted from VAT.
