The largest taxpayers of Ukraine in July 2019 increased tax payments by almost UAH 7 billion compared with July 2018, to over UAH 27 billion, the Office of Large Taxpayers has said in a press release.
According to the report, revenue from value added tax (VAT) grew by 5.3% last month compared to the same period in 2018, to UAH 10.2 billion, excise tax revenues amounted to UAH 5.9 billion, profit tax revenues – UAH 340.1 million.
The office also noted a significant increase of revenues from the part of net profit levied to the national budget in July – by UAH 7.8 billion (more than 22 times).
“A significant part (more than UAH 14.5 billion) over the past two months was paid by state-owned banks, UAH 12.3 billion of net profit was transferred by Naftogaz,” the office said.
Since the beginning of the year, the largest taxpayers have transferred UAH 201.8 billion to the national budget, which is 14% more than last year, the office said.
The share of tax payments from large businesses in July amounted to over 56.7% of all tax revenues to the national budget.
In January-July 2019, the largest taxpayers received a VAT refund of UAH 70 billion, which is 32% (UAH 17 billion) more than in the same period in 2018.
Ukraine since the beginning of the new 2019/2020 agricultural year (July-June) and as of August 6, 2019 had exported 4.189 million tonnes of grain and legumes.
According to the Ministry of Agricultural Policy and Food, farmers exported 1.59 million tonnes of corn, 1.58 million tonnes of wheat, and 1.02 million tonnes of barley.
For the same period last year, 2.606 million tonnes of grain and leguminous crops were exported.
As of the indicated date, 27,700 tonnes of flour were also exported.
As reported, with reference to the ministry, Ukraine exported a record 50.4 million tonnes of grain in the 2018/2019 agri-year, and this is 23% more than in the previous agri-year.
Dniprospetsstal Electrometallurgical Plant (Zaporizhia) in January-July 2019 reduced rolled goods production by 10% compared to the same period last year, to 88,400 tonnes, according to the recent reports.
As the enterprise told Interfax-Ukraine, for the seven months it reduced steel production by 14.7%, to 126,000 tonnes.
In July, the plant produced 19,000 tonnes of steel, 14,000 tonnes of rolled goods.
Dniprospetsstal is Ukraine’s only manufacturer of high-quality rolled products and forgings made of special steel grades: stainless, tool, bearing, structural, and also from nickel-based superalloys.
Ukraine’s forex reserves in July 2019 grew by $1.2 billion or 5.8%, to $21.84 billion thanks to net purchase of currency on the interbank currency market by the National Bank of Ukraine (NBU), according to preliminary data posted on the central bank’s website.
Hungary’s low cost Wizz Air airline in autumn 2019 will launch flights to seven new destinations: six from Odesa and one from Lviv, Paulina Gosk, corporate communications manager at Wizz Air, said at a briefing in Odesa. According to her, from Odesa, in particular, twice a week from November flights will be operated to Budapest (Hungary), Berlin (Germany), Bratislava (Slovakia), Wroclaw, Gdansk, and Katowice (all are in Poland).
In addition, on October 28, it is planned to launch the Lviv-Larnaca (Cyprus) flights.
“In 2019, 17 new destinations from Ukraine were opened,” Gosk said.
The airline expects that thanks to the increase in the number of destinations, 2.6 million seats will be sold this year, and in general, 53 destinations will be covered from Ukraine by the end of 2019, Gosk said.
As reported, in January-July 2019, Wizz Air transported 1.3 million passengers from and to Ukraine and this is almost twice as much compared to the same period in 2018.
AIRLINE, BERLIN, BRATISLAVA, BUDAPEST, FLIGHTS, GDANSK, KATOWICE, ODESA, WIZZ AIR, WROCLAW
The Irish low cost airline Ryanair (Dublin) from November 2019 will perform 113 flights a week to 40 destinations from Ukraine, which is 2 times more than the figure for November 2018 (52 flights, 17 destinations).
According to the website of the Ministry of Infrastructure of Ukraine, 80 flights a week in 26 directions will be operated from Kyiv from November 2019.
Six flights per week will be operated from Kharkiv in three directions, 13 flights per week from Odesa in six directions (in November 2018, flights from these cities were not operated).
From Lviv, there will be 14 flights per week in five directions (the same number of flights was carried out in November 2018).
