Business news from Ukraine

COMMODITY PATTERN OF UKRAINIAN IMPORT IN JAN – JULY 2019

Commodity pattern of Ukrainian import in Jan – July 2019

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MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (IMPORT FROM OTHER COUNTRIES TO UKRAINE) IN JAN-JULY 2019

Main trade partners of Ukraine in % from total volume (import from other countries to Ukraine) in Jan-July 2019

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PARLIAMENT COMMITTEE HEAD INITIATES RETURN OF VAT ON IMPORTED EQUIPMENT FOR SOLAR POWER PLANTS AND WIND FARMS

Chairman of the Verkhovna Rada committee for energy and utilities Andriy Herus has initiated the abolishment of the provision to exempt taxpayers from paying value added tax (VAT) on imported equipment for solar power plants and wind farms.
“This is an absolutely unacceptable situation when importers receive preferential VAT, do not pay it to the national budget, and Ukrainian producers are forced to pay VAT under the worst conditions… From Monday [September 30] I will register the corresponding bill in order to cancel this equipment import privilege as quickly as possible,” he said during a meeting on legislative regulation of state support for the development of renewable energy projects in Kyiv on Friday.
As reported, at the end of 2018, the Verkhovna Rada introduced amendments to the Tax Code, which exempted taxpayers from paying VAT on imported equipment for solar power plants and wind farms.

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MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (IMPORT FROM OTHER COUNTRIES TO UKRAINE) IN JAN-JUNE 2019

Main trade partners of ukraine in % from total volume (import from other countries to Ukraine) in Jan-June 2019

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UKRAINIAN FOREIGN TRADE IN SERVICES BY COUNTRIES IN I HALF-YEAR 2019 (IMPORT)

Ukrainian foreign trade in services by countries in I half-year 2019 (import)

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ENERGY RESOURCES OF UKRAINE WILL IMPORT U.S. GAS BOUGHT BY PGNIG TO UKRAINE

Energy Resources of Ukraine (ERU) has signed an agreement with Polish-based PGNiG on the acquisition and imports of American natural gas to Ukraine.
“Already in early November, within the framework of the agreement, liquefied gas will arrive at the Polish LNG terminal named after former president Lech Kaczynski in Swinoujscie. LNG will enter the Polish transmission system after regasification, from where it will be brought to Ukraine through gas pipelines in Hermanowice and will be transferred to ERU. Deliveries for ERU will be implemented by the end of 2019,” the trader said in a press release.
According to PGNiG head Piotr Wozniak, today the only limitation for increasing exports to Ukraine is the capacity of Polish pipelines in the direction of Silesia-Subcarpathia.
“We expect that the capacity of these pipelines will be expanded by 2021,” he said.

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