Business news from Ukraine

Business news from Ukraine

UKRAINIAN TAX SERVICE STATES RISE IN NUMBER OF MILLIONAIRES, 44% OF THEM ARE REGISTERED IN KYIV

Some 4,063 taxpayers declared income in the amount of more than UAH 1 million received in 2017, the youngest millionaire living in Cherkasy is seven years old, the State Fiscal Service has said. “Compared with the corresponding period last year, the number of millionaires this year increased by 559 citizens or by 16%. One citizen declared income exceeding UAH 1 billion,” the press service of the agency said, citing acting head of the service Myroslav Prodan.
The largest number of millionaires, some 2,270 taxpayers, are citizens aged 45 and older, whereas 1,605 citizens at the age of 30 to 45 years declared income exceeding UAH 1 million, and 188 citizens under 30 years. The oldest millionaire is 99 years old (Kyiv).
According to the agency, millionaires received UAH 9.8 billion income mainly at the expense of the item “other income” (additional benefit, interest accrued on deposit accounts at the bank, dividends, etc.), UAH 6.3 billion of foreign income, UAH 3.6 billion of income from operations for the sale or exchange of movable and immovable property, and UAH 2.5 billion of inheritance or received as a gift.
“Almost 44% of the total number of millionaires are registered in Kyiv (1,816 people). Among the leaders are also Kharkiv region with 299 people, Dnipropetrovsk region with 269 people, Kyiv region with 275 people, and Odesa region with 207 people,” Prodan said.
At the same time, according to the agency, the average annual income of one millionaire in Ukraine is UAH 8.2 million.

, ,

UKRAINE EXPORTS ELECTRICITY FOR $109 MLN IN 2018, HUNGARY BUYS FOR $69 MLN

Ukraine in January-April this year exported electricity for $109.331 million, in particular in April for $28.86 million. According to the State Fiscal Service, in January-April electricity was supplied to Hungary for the amount of $69.146 million, Poland for $26.466 million, Moldova for $10.939 million and other countries for $2.779 million.
Thus, in monetary terms exports of Ukrainian electricity in January-April 2018 increased by 33.5% compared to the same period in 2017 ($81.899 million).
In addition, Ukraine in January-April 2018 imported electricity for $562,000 (from Russia for $539,000, from Belarus for $22,000 and Moldova for $1,000).

, ,

UKRAINE SEES 47% RISE IN CRUDE OIL IMPORTS IN JAN-APR, IMPORTS IS USD156 MLN

Ukraine increased imports of crude oil (foreign trade code 2709) by 47.4% or 95,986 tonnes in January-April 2018 year-over-year, to 298,340 tonnes. The State Fiscal Service reported that oil for $156.302 million was imported, which is 68.8% more than in January-April 2017 ($92.615 million).
Ukraine in January-April 2018 imported crude oil for $146.022 million from Azerbaijan, $7.176 million from Algeria, $1.844 million from Iran and $1.259 million from other countries.
The country did not export crude oil in January-April.
As reported, Ukraine in 2011 imported 5.826 million tonnes of oil for $4.384 billion, in 2012 – 1.544 million tonnes for $1.233 billion, in 2013 – 761,058 tonnes for $630.282 million, in 2014 – 178,613 tonnes for $146.533 million, in 2015 – 248,158 tonnes for $89.039 million, in 2016 – 515,954 tonnes for $173.835 million, in 2017 – 1.013 million tonnes of oil for $442.219 million.

,

CYGNET TO EXPAND LAND BANK BY 5,500 HA IN UKRAINE

The Antimonopoly Committee of Ukraine has permitted Cygnet Center LLC, part of the Cygnet Group, to acquire a stake in the charter capital of private enterprise Ruzhynsky Krai (both based in Zhytomyr region), which would grant over 50% of the votes in the management body of the agricultural company, the committee has reported on its website. “The committee permitted the company to acquire a private enterprise. After this acquisition the land bank of the Cygnet Group would expand by 5,500 ha, to 29,000 ha,” CFO of Cygnet Group Volodymyr Bondarenko told Interfax-Ukraine.
Cygnet was founded in 2011. The group cultivates around 24,000 ha in Zhytomyr and Vinnytsia region where it plans corn, soybeans, wheat and sugar beets.
The group also has dairy business (around 700 cows). The silo capacity is 60,000 tonnes. The group unites Cygnet Holding LLC, Cygnet Center LLC and Cygnet Milk LLC.

,

SLOVENIAN PRESIDENT BORUT PAHOR PLANS TO VISIT UKRAINE

Ukrainian President Petro Poroshenko will hold on May 11 a meeting with Slovenian President Borut Pahor, who will make an official visit to Ukraine at the invitation of the head of the Ukrainian state. “The leaders of the two states will discuss joint efforts to counter Russian aggression and exchange views on a wide range of topical issues of bilateral and international cooperation, including in the context of Slovenia’s further support for European and Euro-Atlantic integration of Ukraine,” the press service of the presidential administration reported on Monday.
The report says that a number of bilateral documents are to be signed after the meeting between the presidents.
“Pahor’s visit will be his first visit to Ukraine after re-election as Slovenia’s president in November 2017,” the report says.

, , ,

KHARKIV INTERNATIONAL AIRPORT INCREASES PASSENGER FLOW BY 20% IN 2018

Passenger flow of the Kharkiv international airport in April 2018 totaled 65,300 people, which is 5% more than in April 2017 (61,900). The press service of the airport reported that total passenger flow in January-April 2018 grew to 236,900 people, which is 20% more than a year ago (196,800).
In April, Wizz Air low cost airline returned to the airport. From April 5, 2018, the airline launched direct flights to Dortmund (Germany). In April, the UIA airline also started flying on the Kharkiv-Milan (Italy) route. In addition to new flights, seasonal flights to Antalya (Azur Air Ukraine, UIA and Windrose) were launched. Traditionally popular destinations were Istanbul (Pegasus, Turkish Airlines and Atlasglobal), Kyiv (UIA), Sharm El-Sheikh (Azur Air Ukraine, Windrose and Bravo Airways), Warsaw (LOT), Tel-Aviv (UIA) and Minsk (Belavia).
Kharkiv airport has a runway 2,500 meters long and 50 meters wide. There are two passenger terminals with the capacity of 100 and 650 people on its territory. DCH manages the airport through New Systems AM.

, ,