KYIV. Nov 26 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine will propose that Ukrainian President Petro Poroshenko should create eight trade missions to promote exports of Ukrainian goods, Ukrainian Prime Minister Arseniy Yatseniuk said at a cabinet meeting on Wednesday.
“Under Ukrainian law this is within the competence of the Ukrainian president and I’m sure that the president will support the initiative of the government,” he said.
Yatseniuk said that the cabinet will propose that trade missions should be established in the European Union (Brussels), the United States (Washington), China, Egypt, Germany, Poland, Switzerland and Turkey.
Yatseniuk said that next week, the government will meet with the largest Ukrainian exporters to discuss the expansion of Ukrainian exports and support for Ukrainian exporters.
KYIV. Nov 25 (Interfax-Ukraine) – The capital investment of PJSC Ukrzaliznytsia for 2016 is expected to reach UAH 15 billion.
According to the press service of the Ukrainian Ministry of Economic Development and Trade, the data were announced by Deputy Minister Ruslan Korzh during a round table with industrialists, when he presented a draft program for the development of domestic enterprises.
“The program foresees the capital investment of Ukrzaliznytsia for 2016 at the level of UAH 15 billion, which is several times more than this year. The financial plan of the company is ready and in the near future it will be submitted to the Cabinet for approval,” Korzh said.
In early November 2015 Ukrzaliznytsia reported that its investment in 2016 to upgrade tracks, locomotives and wagons will amount to UAH 20 billion.
“Ukrzaliznytsia will be able to earn money, work qualitatively and effectively fulfill state orders. We are working on the financial plan of the company for 2016, which provides for investment in the renewal of tracks, locomotives and cars in the amount of about UAH 20 billion,” Infrastructure Minister Andriy Pyvovarsky earlier said.
KYIV. Nov 25 (Interfax-Ukraine) – Nibulon agricultural enterprise (Mykolaiv), one of the largest producers and exporters of grains and oilseeds in Ukraine, will invest UAH 450 million in building a transshipment terminal in the village of Buzske (Mykolaiv region).
According to a report on the company’s website, preparation work has started at the construction site.
The newly constructed complex, situated on a plot of 12.5 hectares, will have the following characteristics: a grain storage capacity of 76,000 tonnes, a daily dryer capacity of 4,000 tonnes, and will have a daily shipment capacity on water transport of12,000 tonnes.
The terminal is set to start operating on June 1, 2016.
Nibulon noted that the network of river transshipment terminals on the Pivdenny Buh River will allow the company to annually carry up to 1 million tonnes of cargo by river and remove up to 50,000 trucks from roads in Mykolaiv region.
As reported, Nibulon intends to build an elevator worth $15 million with a turnover of up to 200,000 tonnes of grain a year near Uman in Cherkasy region.
KYIV. Nov 25 (Interfax-Ukraine) – JSC Kyivstar plans to launch a TV service for mobile subscribers by the end of 2015, Marketing Director Sviatoslav Horban said at the presentation of the TV service in Kyiv on Tuesday.
“TV for mobile subscribers is planned for this year. We have a high-quality network and it allows for [launching the service],” he said.
On Tuesday, the operator launched the TV service for all broadband Internet access subscribers.
KYIV. Nov 25 (Interfax-Ukraine) – The Verkhovna Rada of Ukraine has made changes to the Tax Code by exempting transactions on coal supply and coal enrichment products from VAT until July 2017.
These changes are contained in government bill No. 3073, which was supported by 232 deputies.
As reported, the parliament by the same draft law amended the Tax Code, by which changed the conditions for calculating the actual price of natural gas when paying royalties for subsoil use during its production. For Ukrgazvydobuvannia the calculation of royalties is linked to the price of gas sold to Naftogaz Ukrainy, for other gas producers – to the average price of gas imports.
Previously the calculation of royalties was tied to the ceiling level of prices for natural gas, which until October this year has been established by the National Commission for Energy, Housing and Utilities Services Regulation (NCER).
KYIV. Nov 24 (Interfax-Ukraine) – Pharmacy sales in Ukraine in January-October 2015 in monetary terms increased by 25% compared to the same period in 2014, to UAH 38.08 billion, while in natural terms sales decreased by 18%, to 1.08 billion packages, Business Credit company has told Interfax-Ukraine.
According to the company’s analysts, retail sales of medicines in January-October 2015 in monetary terms increased by 25%, to UAH 31.167 billion, but declined in real terms by 18%, to nearly 671.961 million packs.
Cosmetics sales by drugstores for the first ten months of 2015 in monetary terms increased by 28%, to UAH 866.026 million, while sales decreased in real terms by 14%, to 22.481 million packs.
In addition, Business Credit noted that the average weighted price of a pharmacy basket in January-October amounted to UAH 165.57, the average weighted price of one package of drugs UAH 295.22, cosmetics – UAH 82.18.
