KYIV. Sept 6 (Interfax-Ukraine) – Ovostar Union, a leading shell egg producer in Ukraine, has received a permission to export the shell eggs of class A (table eggs) to the European Union effective from September 12, 2017
According to a report on the company’s website, the company is planning to start first deliveries in October 2017.
According to the EU materials, the subsidiary of Ovostar LLC Yasensvit (Stavysche, Kyiv region) sent the request at the end of July 2017.
Earlier the EU issued only permits to import egg products from Ukraine: the largest Ukrainian market players – Imperovo Foods from Avangard Holding and Ovostar – sent the relevant requests in summer 2014.
KYIV. Sept 6 (Interfax-Ukraine) – The largest recipient of VAT refund in August 2017 was Azovstal from Metinvest Group, which received UAH 837.4 million, according to the State Treasury Service of Ukraine.
It is followed by Kernel-Trade exporter of oil and other agricultural products with UAH 714.7 million in VAT refunds and another steel works from Metinvest Group – Mariupol Illich Steel Works with UAH 558.8 million refunded.
The top five companies also include Suntrade agricultural exporter with UAH 481.4 million and ArcelorMittal Kryvyi Rih with UAH 426.5 million.
Two agricultural exporters – Myronivsky Hliboproduct with UAH 400 million and the State Food-Grain Corporation with UAH 382 million are sixth and seventh. Another company affiliated with Metinvest, Zaporizhstal, follows them with UAH 177.1 million.
For the first time, Karpatnaftokhim appeared on the list with UAH 121.3 million of VAT refunds. The plant was launched in June after a five-year idle period.
In August, VAT refunding fell by 15% compared to July, to UAH 9.61 billion, and this is 5.6% more than in June.
KYIV. Sept 6 (Interfax-Ukraine) – The switch of most of services of the State Fiscal Service to the online mode is one of its top new priorities, the Finance Ministry said on its website.
“It is necessary to reduce the human factor as soon as possible, automate the processes and move to the model when taxpayers can get online most of the services,” the press service said, citing Finance Minister Oleksandr Danyliuk on Tuesday.
According to the ministry, about 60% of contacts of payers with the State Fiscal Service are going through the payers servicing centers. Half of the visits have the purpose of filing tax reports and payments. However, 35 out of 55 tax administration services can be fully provided online, and the rest – partially.
According to a posting on the ministry’s website, among the main areas of the fiscal service reform approved at the meeting of the project management committee for the extensive reform of the State Fiscal Service, are automation of the audit process, optimization of work with tax debtors and efficient distribution of functions among the staff.
KYIV. Sept 5 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) could arrange a long-term loan for ArcelorMittal Group in the amount of up to EUR 350 million to finance capital investments in ArcelorMittal Kryvyi Rih.
According to a bank report on its website, the EBRD board of directors plans to consider this issue on October 4 this year.
“The proposed facility will support part of a $1.1 billion investment program by ArcelorMittal at its Ukrainian subsidiary ArcelorMittal Kryvyi Rih. The proceeds from the EBRD loan will be allocated towards capex focusing on improvement of competitiveness, energy efficiency and environmental performance,” reads a report on the EBRD website.
The EBRD specifies the borrower is ArcelorMittal S.A. holding company (Luxembourg), the world’s largest integrated mining and metallurgical company with revenues of $57 billion in 2016, which will then lend to PJSC ArcelorMittal Kryvyi Rih, in which it owns 95.13% of the shares.
According to the document, the borrower will receive a senior unsecured loan to in the amount of approximately EUR 350 million, of which EUR200 million will be provided by the EBRD and up to EUR 150 million will be syndicated to commercial lenders or risk participated through unfunded risk participations.
KYIV. Sept 5 (Interfax-Ukraine) – Industrial products (goods, services) worth UAH 1.185 trillion were sold in Ukraine in January-July 2017, which is 26.6% more than in January-July 2016.
According to the State Statistics Service, in July 2017 in comparison with July 2016 the volume of sold products in extracting and processing industry (turnover) grew by 20.6% (including 24.9% abroad), in particular in mining and quarrying industry by 16.1% (by 11.9%), and in processing industry by 21.6% (by 26.7%).
The share of supply of electricity, gas, steam and conditioned air in the total volume of sales was 20.6%, production of food, beverages and tobacco goods stood at 21.1%, metallurgical production and production of finished metal goods at 17.8%, and mining and quarrying at 14.9%.
KYIV. Sept 5 (Interfax-Ukraine) – Socar Ukraine Trading House has started the deliveries of diesel fuel produced by Gazprom Neftekhim Salavat (Russia) to Ukraine, the Socar press service has reported.
“Socar Ukraine buys diesel from Gazprom Neftekhim Salavat through an intermediary – LVK Centre ltd (Britain). As of September 4 the first 700 tonnes of fuel had been delivered.
“This contract allows diversifying the supply of diesel fuel and thus eliminating the monopoly position of another supplier of diesel fuel in the Ukrainian market. The market for the first time in three years received additional resources that are in demand in such sectors as agriculture, transport and heavy industry,” Socar said.
Gazprom Neftekhim Salavat owns one of Russia’s largest oil refining and petrochemical production complexes located in Salavat (Bashkortostan).
Socar owns a network of more than 50 fuel filling stations in Ukraine.
