Business news from Ukraine

UKRAINIAN GOVERNMENT CANCELS LIMITS ON MINIMAL FEES FOR NOTARIES

The Cabinet of Ministers has canceled the limits on minimal fees for services by private notaries by annulling a presidential decree of July 10, 1998. A relevant decision was made by the government at its meeting on October 31.
The explanatory note accompanying the draft document, which is available to Interfax-Ukraine news agency, says that the above-mentioned presidential decree in particular imposed limits on the minimal fees in such a way so that they would not be lower than state duty fees, which are charged by government notaries for similar services.

, , ,

UKRAINIAN GOVERNMENT TO KEEP MAIN PROGRAMS OF STATE SUPPORT FOR AGRO-INDUSTRIAL COMPLEX

The Cabinet of Ministers of Ukraine plans to maintain in the budget for 2019 the main programs of state support for the agro-industrial complex, which are being implemented this year, Prime Minister Volodymyr Groysman has said.
“We’ve started a number of new programs this year and decided to keep these programs for the next years. In particular, we give support to each family that will raise calves in the amount of UAH 2,500 per animal. Some 103,800 citizens have already received this assistance, but we assume that this figure will rise by 5-7 times, and we are moving towards this,” he said at a government meeting.
According to the prime minister, next year the government intends to continue compensation for the cost of keeping dairy cows. At the same time, he added that 1,200 agribusinesses have received funds in this area from the state.
“We will continue the program of support for the production of Ukrainian agricultural machinery. Some 2,700 agricultural producers bought Ukrainian goods, part of the cost of which we compensated,” Groysman said.
At the same time, the premier added that the farming support program, under which UAH 1 billion was allocated, is not being fully implemented due to “the existing bureaucratic problems.”

, , ,

INDIVIDUALS TO BE ABLE TO BUY GOVERNMENT BONDS VIA MOBILE APPLICATION EARLY 2019 – NBU

Several companies and banks are designing a mobile application for buying government domestic loan bonds, Head of the Depositary Operations Department of the National Bank of Ukraine (NBU) Andriy Suprun has said.
“I think that next year, perhaps at the beginning of the year, the purchase of government domestic loan bonds by individuals can occur in several clicks in a mobile application. Several market players are currently working on the creation of this solution,” he said at the annual Ukrainian Financial Forum in Odesa, organized by the ICU investment group.
Suprun said that the NBU, for its part, provides them with the necessary support.
“We are writing an open API [application programming interface] and allow everyone to get involved in this competition, to provide the corresponding service to the market,” he said.
In addition, the representative of the NBU said there will be an opportunity to submit brokerage applications in the primary government domestic loan bonds market in the near term.
“In fact, the next auction can take place with a possibility for any investor to submit applications to the Finance Ministry through primary dealers. This should improve the indicators of attracting funds, primarily from the population,” Suprun said.
In general, he considers these initiatives to be mutually beneficial for the state and the population.
“The state receives a resource, natural persons – a good percentage, almost tax free, in contrast to deposits, as well as a 100% state guarantee for any amount,” he said.

, , ,

GOVERNMENT TO CONSIDER DRAFT STATE BUDGET FOR 2019 ON SEPT 14

Ukrainian Energy and Coal Industry Minister Ihor Nasalik has said that the Cabinet of Ministers will consider the draft state budget for 2019 at a meeting on September 14. “We will adopt[the draft state budget for 2019 at a meeting of the Cabinet of Ministers tentatively on Friday,” he told reporters after a government meeting in Kyiv on Wednesday.
Earlier, Prime Minister Volodymyr Groysman said that the Cabinet of Ministers would submit the draft state budget for 2019 to the Verkhovna Rada on time, before September 15.

, ,

GOVERNMENT PLANS TO BUILD KYIV-BORYSPIL AIRPORT RAILWAY

The Cabinet of Ministers of Ukraine has approved a project on organization of passenger traffic between Kyiv city and the Boryspil international airport. It will take 13 months and a half to implement the project, which cost is UAH 583.238 million (in the prices as of May 2, 2018). According to the document, which has been sent to Interfax-Ukraine, construction works would cost UAH 428.478 million, equipment and furniture – UAH 37.755 million and other expenses – UAH 117 million.
The total exploitation length of the section between Kyiv Pasazhysky station and Boryspil airport is 37.4 km. The project is divided into two stages. The cost of the first stage is UAH 502.947 million. It is planned to build 3.7 km of railway track, one new stop and a flyover railway line of 272 meters long in six months.
In addition, two passenger platforms with open-door passenger shelters near Terminal D of the airport and an open-door gallery between the passenger shelter and Terminal D of 150 meters long.
The cost of the second stage is UAH 80.291 million. A new stop, a high passenger platform near the flyover railway line of 160 meters longs will be built in seven months and a half.

, , , ,

AGRARIAN, INDUSTRIAL ASSOCIATIONS ASKING GOVERNMENT TO SOLVE PROBLEM OF SHORTAGE OF GONDOLA CARS

Representatives of large associations of industrial and agroindusitral enterprises of Ukraine have asked the Ukrainian prime minister to solve the problem in the sphere of transportation by rail, in particular, the shortage of gondola cars and rolling stock. The request is outlined in an address posted on the website of the Ukrcement association
“Rail transport provides for about 60% of the total volume of cargo transportation in Ukraine. To ensure efficient operation of enterprises of the leading sectors of the economy of our state, it is the freight transportation by rail that is critical. We are only approaching the period of the peak transportation, and the enterprises are already experiencing an acute shortage of gondola cars. These all restrains development of metallurgical, chemical, cement and agrarian sectors, “the associations said.
The authors of the document said that industrialists and agrarians do not receive the ordered cars in due time and do not have access to those for which they have already paid the rent. The cars are staying idle at cross rail stations, and enterprises continue incurring losses and disrupting the implementation of contracts.
In addition, the associations asked the prime minister to invite representatives of the associations of industrial enterprises and the agroindustrial complex to the government meeting, where the report of the board chairman of PJSC Ukrzaliznytsia will be heard.
The letter was signed by the Federation of Metallurgists of Ukraine, the association of enterprises Ukrmetallurgprom, the Ukrainian Grain Association, the Ukrainian Chemists Union, the Ukrainian Association of Ferroalloys Producers and the Association of Cement Manufacturers Ukrcement.

, , , ,