Business news from Ukraine

Hungary may expand restrictive list of goods from Ukraine from September 16

The Hungarian government will protect farmers and, if necessary, close the border to some grain products coming from Ukraine from September 16, Hungarian Agriculture Minister Istvan Nagy told the Transit political festival in Tihany.

“If the EU does not extend the import ban on some Ukrainian grain products, which expires on September 15, Hungary will impose an import ban not only on four products, but on all 24 previous products in order to protect the domestic market,” the Hungarian publication agrarszektor.hu quoted the minister as saying.

According to him, Hungary’s agriculture has experienced one shock after another in recent years. The coronavirus epidemic, drought, the war raging in the neighborhood and its consequences, the energy crisis, and the fact that cheap Ukrainian agricultural products have flooded the European market duty-free are all difficulties for producers, he said.

“Although the harvest is better – a near-record amount of corn is expected this year – sales are facing difficulties due to cheap competition,” Nagy added.

As reported, Polish Agriculture Minister Robert Telusz said after a meeting of a coalition of five frontline countries in Poland on Friday that the position of Poland, Hungary, Bulgaria, Slovakia and Romania on the need to extend restrictive measures against Ukrainian wheat, rapeseed, corn and sunflower remains unchanged – a ban until the end of 2023.

The European Commission on June 5 agreed to extend until September 15 the restrictions on wheat, corn, rapeseed and sunflower exports from Ukraine to Bulgaria, Hungary, Poland, Romania and Slovakia. “The restrictions do not mean a ban on the transit of these goods through Bulgaria, Hungary, Poland, Romania and Slovakia,” the document signed by EC chief Ursula von der Leyen said.

Source: https://www.agrarszektor.hu/szabalyozas/20230827/nagy-istvan-fenntartjuk-a-behozatali-tilalmat-44906

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Ukrainian parliament exempts some goods from VAT

The Verkhovna Rada has exempted from value added tax (VAT) a number of goods imported to Ukraine for security and defense needs.

A total of 294 people’s deputies voted for the relevant draft law No. 9467 on amendments to the transitional provisions of the Tax Code on the peculiarities of importing into the customs territory of Ukraine goods for security and defense needs at the plenary session on Friday, a member of the faction “Golos” Yaroslav Zheleznyak said in his Telegram channel.

The bill exempts from VAT thermal imaging binoculars, monoculars and binoculars, night vision devices and rangefinders that are imported into the customs territory of Ukraine.

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Export of important goods from Ukraine in Jan-Mar 2023 in relation to 2022

Export of important goods from Ukraine in Jan-Mar 2023 in relation to 2022

Source: Open4Business.com.ua and experts.news

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Sugar is included in list of goods, export of which is subject to licensing

The Cabinet of Ministers of Ukraine included sugar (trade item according to UKTVED 1701) to the list of goods, export of which is subject to licensing for the period from June 5 to September 15, 2023.
According to the representative of the Cabinet of Ministers in the Verkhovna Rada Taras Melnychuk in Telegram, the relevant decision was taken at a government meeting on Tuesday.
“Amended Annexes 1 and 5 to the resolution of the Cabinet of Ministers of 27.12.2022 N 1466 “On approval of the lists of goods, exports and imports of which are subject to licensing and quotas for 2023”. Sugar has been included in Appendix 1 “Quotas for the goods subject to export licensing” of the decree ¹ 1466 with a volume of quota of 0 tons and a licensing period from June 5 to September 15, 2023,” he wrote.
At the same time, sugar is excluded from Annex 5 of the same decree “The list of goods, the export of which is subject to licensing.

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2022-2024 goods trade balance forecast (USD bln)

2022-2024 goods trade balance forecast (USD bln)

Source: Open4Business.com.ua and experts.news

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Import of goods in jan-feb 2023 on most important positions and in relation to Jan-Feb 2022

Import of goods in jan-feb 2023 on most important positions and in relation to Jan-Feb 2022

Source: Open4Business.com.ua and experts.news

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