Business news from Ukraine

People’s deputies proposed to deregulate the market of used cars in Ukraine

People’s deputies propose to the Verkhovna Rada to abolish the state registration of used cars by the trading organization in itself, said the head of the parliamentary committee on finance, tax and customs policy Daniel Getmantsev

“Together with colleagues introduced the bill N9083, which provides for the deregulation and detenalization of the market of trade in used vehicles,” he wrote in the Telegram-channel on Monday.

According to the VR website, the bill on amendments to some laws of Ukraine on improvement of wholesale and retail trade in vehicles by business entities, which are registered in the Main service center of the Ministry of Internal Affairs, was introduced in the parliament by a group of MPs on March 6.

Among the co-authors of the bill, in particular, MPs Yaroslav Zheleznyak (faction “Voice”), Maryana Bezuglaya, Eugene Bragar (“Servant of the people”), Dmitry Razumkov (unaffiliated).

“The abolition of senseless state registration of used cars by a trading organization in its own name, even if it buys them as goods for further resale, will be a pledge to withdraw from the shadow market, expand the activity of white car traders and eliminate schemes because of which the budget is underpaid taxes,” Hetmantsev wrote.

UKRAINE’S SEA PORTS AUTHORITY WANTS TO COMPLETE CORPORATIZATION BY 2020

The Ukrainian Sea Ports Authority of Ukraine counts on the successful completion of the corporatization process by the end of 2019 if it is included in the list of strategic companies that can be corporatized before the end of 2018, head of the agency Raivis Veckagans has told Interfax-Ukraine.
“We hope that by the end of the year, the Cabinet of Ministers will decide to include us in the list of strategic companies that can be corporatized. And in this case, we aim to complete corporatization in a year, because we need to change the legislative framework,” he said.
According to Veckagans, the corporatization of the Ukrainian Sea Ports Authority will mean, first of all, a greater transparency of the structure for the market, as well as acceleration of administrative processes within the company.
“It is important for us after the completion of corporatization and the creation of the supervisory council to have the opportunity to manage the assets held on the balance sheet of the company and use them effectively to attract cargo traffic, that is, income,” he stated.

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