Business news from Ukraine

Business news from Ukraine

STRUCTURE OF EXPORT OF SERVICES FROM UKRAINE IN 2019 (GRAPHICALLY)

Structure of export of services from Ukraine in 2019 (graphically)

NOVA POSHTA SETS UP OVER 200 PICK-UP AND DROP-OFF POINTS AMID QUARANTINE

Nova Poshta group of companies set up more than 200 pick-up and drop-off points in Kyiv, Lviv, Chernivtsi, Uzhgorod and Kherson during quarantine, Nova Poshta said in a statement on Monday, April 6.
The company plans to increase the number of pick-up and drop-off points to 400 by the end of April.
“For the convenience of customers, we set up most of the branded pick-up and drop-off points inside grocery stores,” the company said.
Until the end of April, Nova Poshta plans to expand the network to 400 pick-up and drop-off points and install them in Dnipro, Odesa, Kharkiv, Poltava, Chernihiv, Sumy, Vinnytsia, Khmelnytsky, Mariupol and other cities.
Delivery of fully prepaid documents and parcels up to 30 kg of actual weight and a size of not more than 42x24x58 cm with a declared value of not more than UAH 6,000 is allowed at the pick-up and drop-off points.

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UKRAINIAN POPULATION BY REGIONS AS OF JAN 31, 2020

Ukrainian population by regions as of Jan 31, 2020

STRUCTURE OF IMPORT OF SERVICES TO UKRAINE IN 2019 (GRAPHICALLY)

Structure of import of services to Ukraine in 2019 (graphically)

GOVERNMENT PROPOSES TO ABOLISH IMPORT DUTY ON CEREALS, VEGETABLES

The Cabinet of Ministers proposes to the Verkhovna Rada to adopt the bill “On Amending the Customs Tariff of Ukraine regarding the temporary application of import duty rates on certain types of grain crops.”
Relevant bill No. 3310 was registered in parliament on April 7, 2020.
The text of the bill is not yet available on the Rada’s website. However, an informed source on the market, explained in a comment to Interfax-Ukraine that it was about canceling duties on the import of vegetables and cereals before July 1.

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RETAINING LAND TAX WITH EXEMPTION OF FEES FOR USING PROPERTY TO INCREASE LOSS OF BUSINESS FROM QUARANTINE

The Aurum Group has said that it is necessary to annul the land tax in April 2020 to support business for the period of quarantine. The group paid attention of the government that ambiguous interpretations of the provisions of the so-called “anti-crisis law” adopted on March 30, according to which, in particular, the employer can be exempted from paying a fee for the use of property, will increase the loss of business from the consequences of quarantine.
“In March, in connection with the quarantine, the business was exempted from paying land tax, but in April, when the situation became even worse, the corresponding changes were not made,” the press service of the group told Interfax-Ukraine.
“Given the specifics of the activities and location of Aurum Group enterprises, the proportion of land tax of the tax burden of some companies ranges from 15% to 70%. In addition, in some regions, the land tax rate has doubled since January 1, 2020,” the press service said.
According to the company, the law on additional social and economic guarantees in connection with the spread of the coronavirus disease (COVID-19) provides an opportunity not to pay rent in commercial relations. However, in April, business must pay for renting land and real estate tax to the state.

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