The Verkhovna Rada has approved the schedule of the second session of the 9th convocation. Some 278 deputies voted for corresponding draft resolution (No. 1087) at a plenary meeting.
“This project proposes to start the second session of the IX convocation on September 3 and finish its work on January 24, 2020,” said Serhiy Kalchenko, a representative of the parliament’s committee on regulatory issues, introducing the draft resolution.
According to him, the schedule provides for 10 plenary weeks, six weeks of work in committees, commissions, parliamentary factions, and five weeks for working with voters, as well as eight hours of questions for the government.
According to the constitution, the next session of the Verkhovna Rada opens on the first Tuesday of September.
Ukrainian banks’ cash exchange rates on 30/08/19
Ukrainian insurance companies in January-June 2019 collected net premiums in the amount of UAH 20.121 billion, which is 20.1% more than in January-June 2018, according to the website of the National Commission for Financial Service Markets Regulation.
According to the regulator, the volume of gross insurance premiums collected by insurers for this period amounted to UAH 27.291 billion (16.5% more than in 2018).
The commission notes that the increase in gross insurance premiums was recorded in almost all types of insurance: in voluntary car insurance (KASKO), compulsory vehicle owners’ civil liability (OSAGO) and Green Card by UAH 1.26 billion, or by 21.1%, medical insurance by UAH 711.3 million, or by 42.5%, insurance against fire risks and natural hazards by UAH 662.1 million, or 31.2%, property insurance by UAH 422.5 million, or by 13.4%, life insurance by UAH 358 million, or 20.7%, medical expenses insurance by UAH 354.2 million, or 65.3%, and aviation insurance by UAH 164 million or 63.8%.
The share of net insurance premiums in gross insurance premiums for the first six months of 2019 was 73.7%, which is 2.2 percentage points more compared to the same period of 2018.
In January-June 2019, insurers paid UAH 6.527 billion in net payments in claims, which is 11.3% more than a year ago. The level of net payments fell from 35% to 32.4%.
According to the regulator, gross payments in claims grew by 49.8%, to UAH 6.668 billion. The level of payments fell from 25.9% to 24.4%.
A high level of gross payments in claims registered in car insurance (11.1% up), medical insurance (29.1% up) and medical expenses insurance (25%).
Feednova LLC, which is a part of Effective Investments Group of Companies, plans to launch in May 2020 a first phase of production of animal fats and feed additives for farm animals and pets in Busk of Lviv region worth $12 million.
As the company’s press service told Interfax-Ukraine, refinery capacity of the first phase will total 130,000 tonnes of raw materials per day. The first phase of the plant will include two production lines.
The launch of the second phase scheduled for February 2021. It will consist of three lines processing 90 tonnes of raw materials per day.
The total capacity of the plant will allow producing 100 tonnes of ready products per day. Investments in two phases are estimated at $20 million.
FeedNova is a modern enterprise that produces feed additives for farm animals and pets.
FeedNova provides services on the collection, transport, preparation and processing of material of animal by-products, which can no longer be used as food for humans.
Effective Investments Group of Companies was founded in 2007. It manages business projects in Ukraine.
The Cabinet of Ministers of Ukraine plans to conduct the “deep” tax reform in spring, which will take effect in 2021, Ukrainian Prime Minister Oleksiy Honcharuk has said. “Our tax system is designed so that a good-faith taxpayer loses. If you honestly pay taxes, you are simply forced to optimize on several markets. This is very wrong. We are planning a deep reform of the tax system in the spring, because you cannot change the tax system in the second half of the year,” he told reporters in Kyiv on Friday.
Tax reform should come into force on January 1, 2021, Honcharuk said.
“And this autumn, our main task is to clean up the administration of taxes. We have Mr. Verlanov for this. He is a very decent person. I really count on him,” the prime minister said.
Asked about potential changes in taxation for individual entrepreneurs, he said: “I believe that the system needs to be fixed, but to start doing this should not be from the ‘small taxpayers’ for sure.”
According to Honcharuk, the main problem of the simplified taxation system is that it is used for “smuggled money laundering.”
“Now it is difficult for me to say how the model that we propose will look like. But we will proceed from the fact that the whole country should use the simplified taxation system. That is, taxation should be so simple that it is not difficult for anyone,” the prime minister said.
National bank of Ukraine’s official rates as of 30/08/19
Source: National Bank of Ukraine
