Business news from Ukraine

Business news from Ukraine

TWO MILLION UKRAINIANS WORK IN POLAND

There are almost two million Ukrainians in Poland who are working in Poland, Polish Foreign Minister Jacek Czaputowicz has said. “According to different estimates, almost two million Ukrainians are already in Poland working in key areas of the economy: construction, agriculture, services. We appreciate their efforts and contribution to the development of our state,” he said at a meeting of the Ukrainian-Polish Partnership Forum in Kyiv.
In addition, the Polish foreign minister said almost 40,000 from Ukraine study at Polish universities.
The Polish minister added that in 2017 the Polish consuls issued 1.2 million visas to Ukrainian citizens.

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RETAILER FOZZY TO ATTRACT UAH 2 BLN

PJSC Fozzy Group (Vyshneve, Kyiv region), part of Fozzy Group trade and industrial group, intends to raise UAH 1.94 billion and increase its charter capital by 15 times, to UAH 32 million from UAH 2 million. According to a company report in the information disclosure system of the National Securities and Stock Market Commission, the corresponding decision was made at an extraordinary general meeting of shareholders on October 31, 2018.
The company plans to place 30 million common registered shares, which exceeds 25% of its charter capital, with a nominal value of UAH 1 per share due to additional contributions. The placement price is UAH 64.88 per share. According to the company, the funds raised as a result of private share placement are to be invested in the corporate rights of wholesale and retail enterprises. PJSC Fozzy Group was established in 2005. Its core business is the activities of holding companies. Currently, the charter capital of PJSC Fozzy Group is UAH 2 million.

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KERNEL, ADM TRADING, METINVEST’S COMPANIES ARE IN TOP VAT REFUNDS RECIPIENTS

Two agricultural exporters Kernel Trade and ADM Trading Ukraine, as well as Mariupol Illich Steel Works affiliated with the Metinvest Group, are in the top three largest recipients of VAT refunds from the budget in November 2018, according to information on the website of the State Treasury Service of Ukraine. The largest recipient of the budget reimbursement of VAT in November was Kernel-Trade – UAH 1.35 billion (the company had no VAT refunds in October), followed by ADM Trading Ukraine with UAH 1.05 billion (UAH 707.9 million in October).
At the same time, the Mariupol Illich Steel Works dropped from first to third place in November, slightly decreasing its figure from UAH 761.7 million in October to UAH 759.5 million, according to the State Treasury Service.
The top five recipients also included one of the largest operators in the grain market Nibulon – UAH 741 million and ArcelorMittal Kryvyi Rih steel works – UAH 485.4 million (compensation information in October is not available for both companies).
The top ten largest VAT recipients in November also included Azovstal steel works affiliated with Metinvest – UAH 473.4 million (UAH 166 million in October), and AT Cargill – UAH 396.6 million (no refund data available in October).

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UKRAINE STOPS PROBE INTO IMPORTS OF UZBEK CARS

The interagency commission for international trade at a meeting on Monday decided to stop the countervailing investigation into imports of new passenger cars originated from Uzbekistan to Ukraine, the Economic Development and Trade Ministry of Ukraine has said in a press release. “During the investigation, the Embassy of Uzbekistan in Ukraine presented official explanations: according to the presidential decree No. pp-800 dated August 21, 2008 on the creation of an enterprise with foreign investment (CJSC general Motors Uzbekistan) benefits were provided to Uzbek manufacturers, which starting from 2018, are no longer valid,” the Economic Development and Trade Ministry said.
The Ministry of Foreign Trade of Uzbekistan also informed the commission that the main share of exports of Uzbek cars in Ukraine is accounted for small class A cars, which are not produced in Ukraine, the ministry said.
“Thus, the interagency commission for international trade found that the use of compensatory measures is not necessary, and also decided to stop the countervailing investigation regarding the import to Ukraine of passenger cars originating from Uzbekistan without the application of measures,” the Economic Development and Trade Ministry reported.

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YULIYA TYMOSHENKO LEADS OPINION POLLS AS CANDIDATE FOR PRESIDENT

Yuliya Tymoshenko, the leader of the All-Ukrainian Union Batkivschyna (Fatherland), has been on the top of presidential ratings in opinion polls, followed by President Petro Poroshenko and showman Volodymyr Zelensky.
According to the results of a recent poll conducted by Sociological Group Rating from September to October 2018, 17% of the people polled who said they had made their choice and were willing to go to vote said they have decided to vote for Tymoshenko as president. Poroshenko and Zelensky are supported by 10% of those polled each.
Anatoliy Hrytsenko, the leader of the Civil Position party, got 9% of the vote, Yuriy Boyko of the Opposition Platform — For Life received 8%, and Vadym Rabinovich of the same platform got 5%.
Some 5% of those polled said they would vote for Oleh Lyashko, the leader of the Radical Party, another 4% supported the singer and civil activist Sviatoslav Vakarchuk.
Among all the people polled, Tymoshenko received support from 14% of the people, Poroshenko and Zelensky got 8% each, and Hrytsenko received 7%.
The poll entitled “The Dynamics of Socio-Political Views in Ukraine” was conducted from September 28 to October 14, 2018, by Sociological Group Rating by order of the International Republican Institute (IRI.)
A total of 2,400 people aged 18 and above were polled across Ukraine in formal face-to-face interviews. The non-sampling error is no more than 2%.

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