Business news from Ukraine

ZELENSKY, IT INDUSTRY DISCUSS DEVELOPMENT OF DIIA CITY

Until 2030, Ukraine will increase the harvest and production of the main types of agricultural raw materials, which will allow the country to consolidate the status of a constantly growing producer and exporter of grains, oilseeds and sunflower oil, while a reduction is expected in production of sugar, milk and beef, the Ukrainian Agriculture Export Association (UAEA) reported.
As the UAEA told Interfax-Ukraine on Friday, the relevant data are contained in a joint report by the Food and Agriculture Organization of the United Nations (FAO) and the Organization for Economic Co-operation and Development (OECD), which compares the average annual production of the main types of agricultural products for 2018-2022 with projections in 2030.
Thus, the growth of the corn crop in Ukraine is projected from 33.99 million tonnes to 44.01 million tonnes (29.4% more), wheat – from 26.01 million tonnes to 35.86 million tonnes (37.8% more), and oilseeds – from 22.04 million tonnes to 26.29 million tonnes (19.3% more).
During the specified period, an increase in production of vegetable oil is also expected from 6.88 million tonnes to 8.4 million tonnes (22.1% more), poultry meat – from 1.15 million tonnes to 1.54 million tonnes (33.9% more), pork – from 0.71 million tonnes to 0.82 million tonnes (15.5% more), and fish and seafood – from 99,000 tonnes to 101,000 tonnes (2% more).
At the same time, Ukraine is projected to reduce milk production from 9.82 million tonnes to 8.93 million tonnes (9.1% less), sugar – from 1.38 million tonnes to 1.24 million tonnes (10.1% less) and beef – from 0.37 million tonnes to 0.33 million tonnes (10.8% less).
“The current forecasts of international organizations almost always consider Ukraine as a constantly growing producer and exporter of grains, oilseeds and sunflower oil, that is, our status as a supplier of raw materials to the world market will be strengthened,” the association summed up.

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REDUCED TAX RATE IN DIIA CITY TO ALLOW UKRAINIAN IT COMPANIES TO COMPETE MORE SUCCESSFULLY WITH FOREIGN ONES – OPINION

Co-founder of the Ukrainian multi-gaming e-sports organization Natus Vincere (NAVI) Oleksandr Kokhanovsky said that he supports the creation of a special legal regime for IT companies – Diia City.
As Kokhanovsky said during the presentation of Diia City on Monday, his plans are to raise at least $100 million investments in projects in which he is involved, while he noted that the conditions of Diia City would mean fewer risks for foreign investors.
According to him, the reduced tax rate, which will operate within Diia City, will allow Ukrainian companies to compete more successfully with foreign ones, and the strengthening of legislation in the field of intellectual property will improve the country’s image in the eyes of international investors.
“Our goal is to make Kyiv a core of e-sports in Europe. And I am very glad that now we have an ally that will speed up this process at times,” he said during the presentation.
Earlier, Deputy Chairman of the Verkhovna Rada Committee on Digital Transformation Yehor Chernev said that he hopes to adopt a legislative framework for the launch of a special legal regime Diia City by mid-summer.
The Ministry of Digital Transformation of Ukraine expects that the tax system for companies in the Diia City mode will help reduce the tax burden 5-fold.
According to Fedorov, thanks to Diia City, the income of the IT industry in Ukraine by 2025 may grow to $16.5 billion, and the number of jobs in this industry is planned to be increased to 450,000.

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