Business news from Ukraine

NETHERLANDS OPENS ENTRANCE FOR UKRAINIANS

Since July 1, the Netherlands has opened an entrance for Ukrainians, Foreign Minister of Ukraine Dmytro Kuleba has said.
“We have just received confirmation that another EU country, the Netherlands, has opened for Ukrainians,” Kuleba said on his Twitter microblog.
According to him, fully vaccinated citizens of Ukraine can again travel freely within the visa-free travel.
Kuleba said the list of recognized vaccines and detailed conditions for entry are contained on the website https://tripadvisor.mfa.gov.ua/.
Earlier it was reported that Austria, from July 1, 2021, resumed entry into the country for Ukrainians for all types of travel.

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UKRAINE RATIFIES AGREEMENT BETWEEN UKRAINE AND NETHERLANDS TO AVOID DOUBLE TAXATION

The Verkhovna Rada has ratified the protocol on amending the convention between Ukraine and the Netherlands on double taxation avoidance and prevention of tax evasion with respect to taxes on income and property.
According to these changes, the general rate of taxation of interest is increased from 2% to 5%, zero taxation rate of dividends and royalties is abolished, as well as taxation of royalties at the rates of 5% and 10% is set.
The protocol also enhances the ability of the competent authorities of the states to exchange information.
In addition, the parliament ratified an agreement with Germany on financial cooperation, which will allow attracting a concessional loan from KfW up to EUR 214 million and grant financing up to EUR 38 million.

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COMPANIES FROM GERMANY, POLAND, NETHERLANDS, AUSTRIA AND TURKEY WANT TO PARTICIPATE IN WASTE RECYCLING PLANT CONSTRUCTION IN UKRAINE

Four companies filed documents to participate in the tender for the construction of a waste recycling complex in Lviv, Mayor of the city Andriy Sadovy has written on his Facebook page. “Lviv-based municipal enterprise Zelene Misto Green City received technical proposals from four participants (due to pandemic the European Bank for Reconstruction and Development approved that this may be online),” the mayor of Lviv said.
According to him, the documents were submitted by the following companies: Eggersmann Anlagenbau GmbH (Germany), Control Process S.A. (Poland), consortium of two companies WTT (Netherlands) and Axis (Lithuania), consortium of two companies MUT (Austria) and Dogusan (Turkey).
“Each of these companies has implemented at least four similar projects. Such experience is a guarantee of quality for us. The plant must be environmentally safe, this is the main criterion when choosing a contractor,” Sadovy said.
According to the mayor of Lviv, preparatory work is currently underway on the site allocated for the construction of the plant.
According to the City Council, the design capacity of the plant should be 240,000 tonnes of waste per year when working on a double-shift basis.

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NETHERLANDS, SPAIN, POLAND, GERMANY ARE MAJOR BUYERS OF UKRAINIAN AGRICULTURAL PRODUCTS

Exports of Ukrainian agricultural products to the EU countries grew by 34.3% in January-July 2019 year-over-year, to $4.1 billion, former acting Minister of Agricultural Policy and Food of Ukraine Olha Trofimtseva has said. “The export of Ukrainian agricultural products to the EU for the seven months of 2019 increased 34.3% (or $1.04 billion), to $4.1 billion compared to the same period in 2018,” she wrote on her Facebook page.

The main products in the export structure to the EU are cereals – $1.8 billion, vegetable oils – $921.9 million, oilseeds – $385.4 million, bagasse and other food waste – $345.5 million, poultry – $117.3 million, fruits, nuts and zest – $78.6 million.

The share of the Netherlands in the trade between Ukraine and the EU countries was 18%, Spain’s – 13.5%, Poland’s – 13.4%, Germany’s – 11.1%, and Italy’s – 10.6%.

Trofimtseva said that as of September 2, 2019, Ukraine had fully used the EU tariff import quotas for honey, sugar, barley groats and flour, processed starch, preserved tomatoes, grape and apple juices, corn and wheat. The quota was used for butter by 48%, and for processed milk products – by 33.3%.

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LARGEST BUYERS OF UKRAINIAN GRAIN – EGYPT, CHINA, SPAIN, INDONESIA, THE NETHERLANDS

Exports of grain crops in the 2017/2018 marketing year (July 2017 through June 2018) totaled 39.4 million tonnes and amounted to $6.4 billion, according to the State Fiscal Service of Ukraine. The largest buyers of Ukrainian grain in this period were Egypt ($ 724 million, with a share of 11.4%), China ($594 million, 9.3%), Spain ($459 million, 7.2%), Indonesia ($375 million, 5.9%) and the Netherlands ($348 million, 5.5%).
In particular, Ukraine exported 17.8 million tonnes of maize worth $2.86 billion (China’s share was 16.4%, Egypt accounted for 13.6%, and the Netherlands for 12.2%). Exports of wheat totaled 17.2 million tonnes worth $2.83 billion (Indonesia with 13.3%, Egypt with 11.8%, and Bangladesh with8.7%); while exports of barley stood at 4.3 million tonnes worth $0.64 billion (Saudi Arabia with 41.2%, China with 19.3%, and Libya with 6.6%).
As noted, 99% of all grain was shipped by sea (39 million tonnes). The ports of Chornomorsk (formerly Illichivsk) accounted for 22% of all grain shipments by sea, the port of Odesa accounted for 19%, Yuzhny for 19%, and Mykolaiv for 18%. At the same time, 306,000 tonnes (0.8%) was exported by rail and almost 80,000 tonnes (0.2%) by road.
Ukraine in the 2016/2017 marketing year exported 43.8 million tonnes of grain, the Ukrainian Ministry of Agrarian Policy and Food earlier reported.

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