KYIV. Aug 14 (Interfax-Ukraine) – The German Society for Investment and Development (Deutsche Investitions- und Entwicklungsgesellschaft, DEG) will contribute $10 million to the investment fund for small and medium-sized enterprises in Ukraine, the German Embassy in Ukraine reported.
The Emerging Europe Growth Fund III (EEGF III) will facilitate the access of small and medium-sized businesses in Ukraine to long-term financing, the press service of the German embassy reported.
“Through this participation Germany will strengthen its position as one of the most important countries investing in the Ukrainian economy. Germany’s participation is a signal for other private and institutional investors,” the embassy said.
The diplomatic mission told that the fund invests in export-oriented industries, in particular, in IT, light industry, food industry, as well as enterprises of electronic commerce and health.
The German embassy said that the financed fund primarily focuses on small and medium-sized enterprises that need capital for their own growth and, as experience shows, create a lot of new jobs.
German diplomats added that there are intentions to raise the capital of the Emerging Europe Growth Fund III (EEGF III) to $150 million.
KYIV. Aug 11 (Interfax-Ukraine) – The Ukrainian government has approved a project on construction of a modern solid household waste recycling plant in Derhachi (Kharkiv region) presented by Kharkiv Regional Administration.
The government resolution was published on Wednesday.
According to the resolution, the project to build a waste plant with the waste collection system, utilization of landfill gas and generation of electricity was approved.
The total area of a land parcel is 39.6 ha. Construction of the plant is to be finished in 2019.
“This would allow considerably improving the health and disease situation in Kharkiv, Derhachi, Kharkiv and Zolochiv districts of Kharkiv regions, and the ecological state of the territory adjacent to the existing waste disposal zone,” the document says.
Waste sorting lines with an annual capacity of 40,000 and 80,000 tonnes will be also built.
KYIV. Aug 11 (Interfax-Ukraine) – The World Bank has confirmed its readiness to use the ProZorro public procurement system to procure goods, labor and services in Ukraine, according to a posting on the website of the Economic Development and Trade Ministry of Ukraine.
“The World Bank has finished the appraisal of the ProZorro public procurement system: the bank confirmed its readiness to use the system for its procurement in Ukraine for two procedures,” First Deputy Economic Development and Trade Minister Maksym Nefyodov wrote on his Facebook page on Thursday.
The ministry said that the World Bank assessed the system to see that the ProZorro meets the requirements of the Multilateral Development Bank (MDB).
Nefyodov said that the World Bank also approved a list of changes required for other types of procurement.
“First of all, this is a possibility of holding multicurrency auctions,” he said.
KYIV. Aug 11 (Interfax-Ukraine) – Ukraine’s Cabinet of Ministers has approved the rules and volumes of imported spare parts enjoining tax advantages until 2025 by aircraft building enterprises of Ukraine.
The draft government resolution was approved at a Wednesday meeting.
First Deputy Prime Minister of Ukraine, Minister of Economic Development and Trade Stepan Kubiv said that the introduction of tax advantages for aviation industry by the government must help to replenish working capital of the sector companies, attract investment for upgrade and modernization of their fixed assets and increase their profits.
As reported, the Verkhovna Rada in December 2016 amended the Tax Code of Ukraine aiming to support aircraft building industry.
For the period from January 1, 2017 until January 1, 2025 aircraft builders are exempted from paying VAT for imports of goods (apart from excisable goods) used for the needs of aircraft building and transactions to supply the results of research and design works to the customs territory of Ukraine.
The aircraft builders are also exempted from paying profit tax. The saved funds will be considered the targeted financing for research and designs works, re-equipment of the technical base, increase of production and introduction of new technologies. The aircraft building companies are also exempted from paying land tax on parcels where industrial facilities are located.
KYIV. Aug 11 (Interfax-Ukraine) – The Ukrainian government has proposed that the Verkhovna Rada passes amendments to the Tax Code to introduce the single account for paying taxes and duties, as well as single social security tax using the e-cabinet of taxpayer.
The government made the decision on Wednesday, an Interfax-Ukraine correspondent has reported.
“The bill is intended to relax the rules of payments by taxpayers to budgets via the introduction of the single account to pay taxes and duties,” the explanatory note to the document says.
According to the bill, the document will introduce the system for paying single social security tax, taxes and duties outlined in the Tax Code, apart from VAT and excise duty for fuel, via the e- cabinet of taxpayer. The new rules are to facilitate payment of taxes.
KYIV. Aug 10 (Interfax-Ukraine) – Growth Leap (Pty) Ltd. (South Africa) is looking for suppliers of flax seeds in Ukraine, according to the company’s export offer on the website of the Ministry of Economic Development and Trade.
According to the report, the said company already had experience of work with Ukrainian manufacturers of this product. Its leadership, if necessary, is ready to visit Ukraine for signing long-term contracts.
In addition, the South African company Humeat Import and Export (Pty) Ltd. is also seeking Ukrainian suppliers of food, in particular pasteurized milk and milk powder, cheese, edible oil.
The ministry said COOP Trading A/S (Denmark), which serves such chain stores in Denmark and Northern Europe as Fakta, Inka, Fotex, etc., is studying the possibility of supplying Ukrainian sugar for sale in the retail network.
