Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 21/08/19

National bank of Ukraine’s official rates as of 21/08/19

Source: National Bank of Ukraine

KYIV INVESTMENT FORUM 2019 WILL TAKE PLACE ON SEPTEMBER 17 AT MYSTETSKYI ARSENAL

The focus of this year’s Kyiv Investment Forum that will take place on September 17 at the Mystetskyi Arsenal, lies on the strategy of creation and development of the Kyiv agglomeration. The forum will bring together Ukrainian and international investors, representatives of foreign municipalities, local governments, the Kyiv business elite, IT and art communities. The participants of the forum will discuss the potential of the capital and the Kyiv region as a whole, and will provide recommendations on how to turn Kyiv agglomeration into a modern metropolis: a place of attraction for investors, tourists and innovative entrepreneurs.
“Given the popularity of urban tourism, the Kyiv agglomeration has the potential of becoming one of Europe’s hubs for various festivals, artistic events, culinary tourism, and for the creative economy. Our goal is to create the Greater Kyiv brand, just like the world-famous Greater London,” says Vitali Klitschko, the Kyiv Mayor.
Special guests of the Investment Forum will be representatives of the political elite and foreign municipalities from around the world who will share their experiences.
The event includes panel discussions with the participation of the leading experts on the social identity of Kyiv and the creative economy for the future agglomeration, as well as discussions on the infrastructure solutions for the development of the metropolis of the future. Attention will also be paid to potential accelerators for the development of metropolitan tourism like cultural, musical and sporting events.
The Kyiv Investment Forum 2009 is an event that signals unification and mutually beneficial inter-municipal cooperation to accelerate the socio-economic development of all communities involved.
Last year’s Kyiv Investment Forum was held on November 27 and gathered more than 500 participants from 23 countries. In particular, business and investment communities, central and city governments, international financial institutions and the media. 30 urban projects were presented during the forum to attract investment in various fields of innovation.

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ARAKS GROUP WILL OPEN 15,000 SQUARE METERS FURNITURE TRADE CENTER NEAR KYIV

Araks Group of Companies (Kyiv) in the end of September will open a new furniture trade center with a total square of 15,000 square meters in the village of Khodosivka of Kyiv region, a group’s press service reported. “A decision to open a new trade center and to develop Araks furniture network is carefully worded. We engross our business and we’re glad to cooperate with the new brands, which will be displayed at the new furniture center,” Araks group quotes one of its shareholders Harush Antonian as saying on Monday.
According to a press release, the new three-storey shopping center, 25 kilometers away from Kyiv, will consist of the shops with household goods: furniture, kitchen, lighting, floor coating, textile, decoration and others. Armenian classicism combined with modernistic forms is at the bottom of the architecture, the company said.
The first Araks furniture trade center with a square of 27,000 square meters at 110 Kiltseva Street opened in 2009.
In public cadastral map, Kyiv-based Business-Techno Plaza LLC is owner of the land plot with a square of three hectares on which the center was built.

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NEW AMBASSADOR OF FRANCE TO UKRAINE ETIENNE DE PONCINS ARRIVES IN KYIV

The new Ambassador of France to Ukraine, Etienne de Poncins, has arrived in Kyiv. “I’ve safely arrived in Kyiv. My mission as the head of the French Embassy in Ukraine may begin,” the diplomat wrote on Twitter.
Etienne de Poncins was appointed Ambassador of France to Ukraine on July 24. Prior to that, he worked as an inspector of the French Foreign Ministry, and in the European External Action Service, and was also the French ambassador to Kenya and Bulgaria.
The previous Ambassador of France to Ukraine, Isabelle Dumont, completed her work in Ukraine on July 27.

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OLEKSANDR PYSARUK TO HEAD RAIFFEISEN BANK IN UKRAINE

A supervisory board of Raiffeisen Bank Aval has appointed former first deputy governor of the National Bank of Ukraine (NBU), Oleksandr Pysaruk, as Raiffeisen Board Chairman. According to the bank’s posting on its website, this appointment was made as a part of the thorough picking up of a successor to the incumbent сhair of the supervisory board, Volodymyr Lavrenchuk, who has been holding this position for 14 years.
The board’s decision should be approved by the state supervision agencies.
Pysaruk held the post of NBU first deputy governor since July 2014 and by the end of 2015.

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FORUM “INTERNATIONAL TAXATION: TRANSFORMATION OF BUSINESS”TO TAKE PLACE IN KIEV ON SEPTEMBER 20

In 2019 Ukraine is required to implement new international tax rules at the legislative level in accordance with its obligations . How not only to lose from their introduction, but also to win – will be discussed by representatives of the authorities, consultants and business at the National Forum “INTERNATIONAL TAXATION: TRANSFORMATION OF BUSINESS” in Kiev on September 20 .
The new government’s strategies and first steps towards changing the rules of international taxation, combined with best-in-class consultancy practices, will be on the focus of the International Forum for International Taxation: BUSINESS TRANSFORMATION 20 September at the Park Inn Hotel in Kiev .
Due to loopholes and inconsistencies in national and international tax law, companies reduce or evade income tax liabilities, which causes Ukraine to lose budget revenues. Ukraine has announced changes to all 77 tax treaties it has signed. Recall that on February 28 this year, the Verkhovna Rada ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) .Thus , the new Parliament will immediately submit bills to counteract the erosion of the tax base and profit under taxation.
2020 or 2021? What and when does the President, the new Verkhovna Rada and the Government implement the world transparencies of business in Ukraine?
What to change this autumn in the legislation of Ukraine with regard to strengthening the control of international transactions?
What should business do for normal operation in the new global transparency?
When and how is the automatic information exchange system operating in Ukraine?
What will be the strength of TP control in 2019-2020?
How to minimize risks in the new conditions?
How to protect business from the pressure of controlling bodies and avoiding penalties?
Forum Speakers :
Gabriela Miranda , Project Manager in Ukraine , Eurasia Program, OECD
Sergey Verlanov , Chairman of the DPS
Danylo Getmantsev , Member of Parliament of the 9th convocation , President of the Association of Tax Advisers
Elena Makeeva , Chairman of the Board of Directors Audit firm ” Aksenova and partners ”
Geneva Group International, Deputy Minister of Finance (2015-2016), Advisor
performing duties of head of DFS
Anna Sergiychyk, Manager of RoyaltyRange
Maksym Lavrynovych, Managing Partner, Lavrynovych & Partners Law Firm
Dmytro Savchuk , Associate Partner, Lavrynovych & Partners Law Firm
Tetyana Ostrykova , Member of Parliament of Ukraine, 8th convocation, eepert in international taxation
Nina Yuzhanina , Member of Parliament of Ukraine, 9th convocation
Alexander Lepetyuk , Acting Director of the Department of Transfer Pricing and International Taxation of the State Tax Service of Ukraine
Lyudmila Palamarchuk , Director of the Department , Ministry of Finance of Ukraine
Oleksiy Zadorozhny, Head of the Department of Profit Tax Methodology of the Department of Methodological and Rulemaking Work of the State Fiscal Service of Ukraine
Yevhen Kozlov, Senior Project Manager, Reform Support Office at the Ministry of Finance of Ukraine
Evgeniya Abrosimova , Partner, Head of the Transfer Pricing Department of Audit- Invest I
Ivan Shynkarenko, Partner, KM Partners
Oleksandr Shemyatkin , Partner, KM Partners
Vyacheslav Kruglyak , Head of the Transfer Pricing Audit Department of the State Fiscal Service of Ukraine
Tatiana Savchuk, auditor of ID Legal Group . Head of ID Legal Transfer Pricing Practice
Group
Tatiana Kamenska , Chairman of the Audit Chamber of Ukraine
Irina Sivolap , Head of the Interaction Department for Transfer Pricing of the State Fiscal Service of Ukraine
Olga Yelchenko , managing partner of “Audit- Invest ”
Andrey Segal , lawyer, contract partner of AMBER Law Firm
Victoria Fomenko , partner, head of the practice of tax and customs law international law firm « INTEGRITES »
WE WELCOME TO PARTICIPATE:
CEOs, CFOs, heads of financial and tax services, chief accountants and heads of legal departments of leading Ukrainian and international companies.
REGISTRATION on the FORUM: (https://rating.zone/event/20-september-2019/)
by phone: +380 (44) 394 88 83, +380 (93) 029 84 07 , or e- mail : info@rating.zone
The Forum is held with the participation of the Verkhovna Rada Committee on Tax and Customs Policy, the Ministry of Finance of Ukraine and the State Tax Service of Ukraine. Partners of the Forum are: – RoyaltyRang e – Strategic Partner; Audit- Invest is a partner; Forum partners -, ID LEGAL GROUP , UK ” Amber “, Law firm EUCON , Law firm “KM Partners” , Integrites , OOO “Borey”. Information partners – Interfax-Ukraine – General News Partner; Ukraine Business Review; Ukrainian News Agency, Observer , ACC , MaxEvents , TAX Link .
Organizers Forum: Journal “Rating. Business in official numbers, Market.Info Agency .

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