Business news from Ukraine

DANOSHA RECEIVES UAH 3.8 MLN STATE SUBSIDIES FOR TWO MONTHS OF 2017

14 June , 2017  

IVANO-FRANKIVSK. June 14 (Interfax-Ukraine) – Danosha in February-March 2017 received UAH 3.8 million of state subsidies, the company director for development, Liubov Bohachevska, has said.
“Subsidies work. Earlier we raised the issue of VAT and could not get refunds, but at present we have received 95% of subsidies claimed, which is about UAH 3.8 million for February-March. The main thing for us was to manage to register and we did it,” she said at a press conference in Ivano-Frankivsk.
Bohachevska noted the opening of the land market in Ukraine has a double meaning for the company.
“There are fears that we, as a company with foreign investments, will not be able to buy land, and there will be other restrictions,” she said.
According to the expert, the company believes there won’t be problems with landowners, since they have “good and stable relations.”
“First land owners should ask us whether we are ready to buy land, and then sell it to others. There is just a small nuance: we cannot buy at all [as a company with foreign investments].The best option of opening the market for us is, of course, the possibility of buying land by the company, because we are ready for this,” she said.
In addition, she said Danosha is now carrying out risk management on the issue of land reform.