KYIV. Feb 27 (Interfax-Ukraine) – The National Bank of Ukraine (NBU) has permitted individuals to place currency income received abroad on accounts in foreign banks without a personal license of the Ukrainian central bank, the NBU has said on its website.
The amendments to the conditions of licensing of transactions of individuals who place funds on accounts abroad and invest outside Ukraine were approved by NBU resolution No. 14 amending some NBU acts. The resolution was issued on February 23, 2017.
The amendments took effect on February 25, 2017.
The personal license is not required for investing and reinvesting of these funds abroad, including for trade with financial tools on foreign exchanges and other transactions.
The possible income earned abroad could be salary, pension, dividends and inheritance.
The NBU said that regardless of the possibility of holding transactions abroad individuals are to declare income and pay taxes in Ukraine in line with Ukrainian law.
Personal licenses are required for transfer of funds from Ukraine abroad with the purpose of investment or depositing on foreign accounts.
KYIV. Feb 27 (Interfax-Ukraine) – The net profit of Lekhim pharmaceutical company (Kyiv) in 2016 amounted to UAH 95.915 million, which is 19% more than in 2015 (UAH 80.602 million).
Lekhim reported in the announcement of the next general shareholders’ meeting to be held on March 28, its net worth for the reporting period increased by 52%, from UAH 169.747 million to UAH 258.695 million.
The company’s assets increased by less than 1% and amounted to UAH 589.628 million.
JSC Lekhim was founded in 1992. The group of companies headed by Lekhim includes Lekhim-Kharkiv, PJSC Tekhnolog (Uman).
Lekhim produces more than 130 items of pharmaceutical goods. The group exports its products to Belarus, Kazakhstan, Turkmenistan, Russia, Moldova, Georgia, Uzbekistan, Armenia, and Azerbaijan.
KYIV. Feb 27 (Interfax-Ukraine) – Dragon Capital, a member of the Dragon Capital Group, has additionally acquired 4.674 million shares in Dragon Ukrainian Properties and Development Plc (DUPD, the Isle of Man), boosting its stake to 14.108 million shares of 22.04%.
DUPD said last week that the deal was finalized on February 21. Shares were bought for GBP 0.13 per share (around $0.16 per share).
The total cost of the deal was around $747,913.
As reported, earlier Dragon Capital several times bought shares in DUPD.
DUPD was founded late February 2007. Its portfolio includes Kyiv’s Obolon Residences project, suburban gated community Green Hills and Riviera Villas, a stake in Arricano, 38 apartments in Sadok Vyshnevy suburban gated community and some land parcels in Ukrainian regions.
KYIV. Feb 27 (Interfax-Ukraine) – The agrarian receipts project has helped farmers to attract over UAH 467 million thanks to the issue of 80 receipts from the moment when the pilot project was launched in 2014, Ukraine’s Agricultural Policy and Food Ministry has reported.
“Today agrarian receipts are available in eight regions and show good results. The documents allowed farmers to raise over UAH 467 million. No bankruptcy case was recorded,” Deputy Minister Olena Kovaleva said.
She said that now the ministry is working on the creation of a national register of agrarian receipts. This will help to extend the project to the entire territory of Ukraine. Today preparatory work to organize a tender to create the register has been finished. The register will be introduced by late September 2017 with support of the International Finance Corporation (IFC).
“It is planned to select the designer of the register in March and April. The functionality of the resister will be tested and the test launch will be organized in May through August. I hope that by the end of September we would have a full-featured national register. This would help to extend the project and attract more funds to the agricultural sector,” Kovaleva said.
As reported, the agrarian receipts project in Ukraine is being introduced by a member of the World Bank Group – IFC – in partnership with Switzerland. Practical use of agrarian receipts in Ukraine started in 2014 in Poltava region.
In September 2015 they were expanded to three regions – Kharkiv, Cherkasy and Vinnytsia, and in 2016 four more regions were added – Mykolaiv, Sumy, Ternopil and Khmelnytsky. A total of 49 agrarian receipts have been implemented and 23 are being implemented.
