KYIV. Dec 22 (Interfax-Ukraine) – IT outsourcing service exports from Ukraine would grow by 15-20% in 2016 compared to $2.5 billion in 2015, Managing Director of GlobalLogic Ukraine Ihor Beda has said in an interview with Interfax-Ukraine.
“The sector is expanding and the growth pace resumes. It is not at the level seen before crisis when we got used to grow by 30-35% a year. I expect that this year IT outsourcing service exports will grow by 15-20%, and in the current conditions it is not bad,” he said.
He said that GlobalLogic Ukraine with the 12% growth target increased software design exports by 15-17%.
“I can say that GlobalLogic faced a task to have growth of around 12% this year. It is obvious that we would grow by at least 15% and even more – 17%,” Beda said.
GlobalLogic Ukraine is a large IT companies in Ukraine. It is part of GlobalLogic (the United States). The offices in Ukraine have been since 2006 with over 2,700 employees in Lviv, Mykolaiv and Kharkiv.
KYIV. Dec 22 (Interfax-Ukraine) – Ukraine’s Verkhovna Rada has approved granting preferences to Ukrainian aircraft building industry for the period from January 1, 2017 until January 1, 2025.
Bill No. 3457 amending Section XX Transitive Provisions of the Tax Code of Ukraine regarding support of the aircraft building industry was approved by 253 parliamentarians late on Tuesday.
According to the document, 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. Dec 22 (Interfax-Ukraine) – The Individuals Deposit Guarantee Fund and the Finance Ministry of Ukraine on December 21 signed an agreement to sell 100% of shares in PrivatBank, the press service of the fund has reported.
“Since the moment of the transfer the state is the owner of 100% of shares in the bank in the person of the Finance Ministry. This was made thanks to coordinated actions of the Finance Ministry, National Bank of Ukraine (NBU), Deposit Guarantee Fund, National Commission for Securities and the Stock Market, National Depository of Ukraine, Ukrgasbank and Ukreximbank,” the fund said on its Facebook page.
All the required procedures were settled within 72 hours: reserves for active transactions have been formed, additional shares have been issued and placed, amendments to the bank’s regulations have been made, the transition balance has been formed and all the procedures for selling the shares and reshuffle the owners of the bank have been finished.
“PrivatBank’s capital is negative. According to the law on the individuals deposit guarantee system, the Deposit Guarantee Fund sold all the shares of the bank to the Finance Ministry for UAH 1,” the fund said.
In general, it took two days to buy ownership rights to the shares of PrivatBank since the start of the procedure for removing the bank from the market.
The Refinancing Rate is a rate at which the NBU provides loans to commercial banks for replenishment of their monetary reserves and lending funds
KYIV. Dec 21 (Interfax-Ukraine) – Private joint-stock company Odesa Cognac Plant, a large cognac producer in Ukraine, has signed contracts to supply its products to Australia and Poland.
“Odesa cognac plant would increase production and sales this year. We are entering new markets. Two weeks ago we shipped a batch of our products to Australia. Now we have signed a contract to supply cognac to Poland,” Board Chairman Eduard Horodetsky told reporters.
He said that now the enterprise is expanding geography of shipments and developing on the U.S. market. The company exports its products to 14 countries.
“Around 10% of products are exported,” he said.
He said that the cognac production facilities were located by 55% during the year.
“Our distilling capacity is 30 million liters of wine a season. Now around 8 million liters of cognac spirit is aging,” he said.
KYIV. Dec 21 (Interfax-Ukraine) – The European Union is financing a project, titled “Support to Police Reform” (EUR 6 million), as part of which in three Ukrainian regions 20 model police stations and bureaus will be established, according to the press release of the EU Advisory Mission Ukraine (EUAM) group for reforming civil safety.
Head of the EU Advisory Mission Ukraine (EUAM) Kestutis Lancinskas presented the EU-funded project in Lviv on Tuesday. The police departments and bureaus will be formed in Kyiv, Kharkiv and Lviv regions (7 will be established in Lviv region).
“Our plan is for the 20 police stations we will be cooperating with to serve as models of the new police for the rest of the country. We aim for the public in the Kyiv, Kharkiv and Lviv regions to feel better protected and served by the police after this project is completed,” Lancinskas said.
According to the project, some 20 police stations will be refurbished, re-equipped and their staff re-trained. A number of measures will be conducted to increase trust between police and citizens living in these regions.
The project will be carried out under the aegis of the Swedish police in cooperation with the Consultation Mission of the EU and the United Nations projects bureau.
