Oil transit through Ukraine by pipeline to European countries and Belarus in January-August 2020 increased by 7.6% (by 607,500 tonnes) compared to the same period in 2019, to 8.630 million tonnes, according to data from JSC Ukrtransnafta.
The volume of oil transportation to refineries of Ukraine during this period amounted to 1.707 million tonnes, which is 12.2% more than in January-August 2019. In particular, oil transportation along the Odesa-Kremenchuk route amounted to 747,100 tonnes.
Thus, for the eight months of this year, the share of transit volume in the total transportation of oil (10.337 million tonnes) amounted to 83.5%, the share of pumping to the country’s refineries 16.5%.
In August 2020, oil transit through Ukraine by pipeline decreased by 9.2% compared to the same month last year, to 1.262 million tonnes.
Pumping to Ukrainian refineries last month decreased by 0.9%, to 225,600 tonnes. In particular, transportation of Ukrainian oil amounted to 117,100 tonnes, Azerbaijani 43,000 tonnes, and American some 65,400 tonnes.
Verkhovna Rada has passed at first reading the President’s draft law on reducing value added tax (VAT) to 7% for representatives of culture, tourism, creative industries.
An Interfax-Ukraine correspondent has reported that some 273 MPs voted in favor of bill No. 3851 on amending the Tax Code of Ukraine to support culture, tourism and creative industries at first reading at the meeting on Tuesday, September 15.
“Since our field of work mainly requires offline performance and it is extremely difficult to shift to online mode, therefore we believe that… theatre, opera, ballet, music, concert, other performances, … production of … films and so on may be charged 7% VAT,” noted the Minister of Culture and Information Policy of Ukraine Oleksandr Tkachenko at the presentation of the law.
He added that the bill provides for 7% VAT for operations related to temporary accommodation services provided by hotels, in view of the extremely high losses that this sector suffered due to quarantine measures.
“This law had been the subject of lengthy debates in the relevant ministries and I ask you now to lend a hand to the field of culture and creative industries,” Tkachenko summed up.
The average OSAGO payment in Ukraine in January-June 2020 amounted to UAH 18,271, which is 5.01% more than in the same period a year earlier, the Motor (Transport) Insurance Bureau of Ukraine has said on the website.
At the same time, it is noted that the average cost of an OSAGO policy was UAH 685, while in the first half of 2019 it was UAH 664.
It is reported, with reference to Director General of the MTIBU Volodymyr Shevchenko, that in 7.1% of insured events the amount of property damage exceeded UAH 100,000, while in 2019 there were only 4% of such events.
“These data emphasize the importance of increasing the sums insured (by 30%), which took place at the initiative of the MTIBU in September last year, and the need to ensure their further approximation to European sizes by changing the norms laid down in the law on OSAGO,” Shevchenko notes.
According to the report, in January-June 2020 the MTIBU made 3,154 payments from the bureau’s guarantee funds for a total of more than UAH 104.3 million. Compared to the same period last year, this indicator slightly decreased by 4.3%, while the amount of payments increased by 10.6%.
The largest number of payments was made for harm caused by the owners of unsecured vehicles (who became the perpetrators of road accidents without a valid OSAGO policy): 1,931 payments in the amount of UAH 68.6 million. The number of payments under this item increased by 23.2%, and the amount of payments by 25.7%.
Share of remittances from abroad sent via Privat24 application of state-controlled bank PrivatBank amounted to 48% in January-August 2020 as compared for the same period in 2019, to 35%.
“Every second money transfer that Ukrainians received from abroad with the help of PrivatBank in 2020 was paid via Privat24 mobile bank,” stated PrivatBank’s press service.
According to the bank data, over the past year, the share of remittances received at the bank’s cash desks decreased by 1.3%, to 24%.
Since the beginning of 2020, the share of money transfers performed through PrivatBank stands at 54% of the total volume of remittances being 1.4% up as compared to 2019.
National bank of Ukraine’s official rates as of 17/09/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of September 17
One troy ounce=31.10 grams
