Business news from Ukraine

DEPUTY PRIME MINISTER FOR INDUSTRY MAY APPEAR IN UKRAINE

President of Ukraine Volodymyr Zelensky has said that the Deputy Prime Minister for Industrial Policy could appear in the government of Ukraine in a week.
“We decided to reinstate such a position as Deputy Prime Minister for Industrial Policy … We have already seen many really professional people. Now we are choosing the best candidate. Because for us both the country’s industry, the defense industry, the space industry, and all our enterprises, as one of the best candidates for this position said, is the country’s development strategy. For the country to really be industrial, to be a space country,” he said at a meeting with business representatives of Odesa region on Saturday.
Zelensky pointed out that in Ukraine there is a full cycle at many enterprises in order to build an industrially powerful country.

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UKRAINIAN PRIME MINISTER PRESENTS STRATEGY OF QUARANTINE WEAKENING

Prime Minister Denys Shmyhal during Freedom of Speech of Savik Shuster program on Ukraine TV Channel later on Friday presented a brief strategy of gradual weakening of the quarantine for the period from early May by early July.
He also promised to report a more detailed plan, which is now being drawn up, in three or four weeks.
“This plan is under work, in fact we are working over it round the clock. As soon as it is ready and improved, it will be immediately presented to the public. Believe me, it would be one of the best [plan] among our neighboring states. It has credit holidays, and refinancing of loans, support for poor and unemployed,” the premier said.
According to his brief strategy, the first quarantine step called “Ukraine is going to work” is foreseen for early May – early June.
It involves the creation of 500,000 jobs, credit support for small and medium-sized businesses, partial removal of restrictions on public transport and a shifted work schedule.
The second stage named “New standards of social life” is scheduled for early June-early July.
During this period, it is planned to complete the 2019-2020 school year, restore the operation of public transport according to the new rules, allow access to recreation areas, subject to safety standards, and to weaken isolation conditions for older people.
Shmyhal emphasized that while Ukraine should adhere to the emergency regime in order to pass the epidemic according to the optimistic scenario with a drop in GDP to 5%, and not according to the pessimistic one, in which GDP fall is estimated at 15%.
In this emergency mode, according to the presentation presented by the prime minister, it is planned to support socially vulnerable segments of the population, to help the unemployed and those on forced leave, to mobilize medical resources and to support the medical staff and all those involved in the fight against the epidemic.

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POSSIBILITY OF SELLING UKRAINIAN LAND TO FOREIGNERS SHOULD BE DECIDED AT REFERENDUM – PRIME MINISTER OF UKRAINE

Prime Minister of Ukraine Denys Shmyhal believes that the possibility of selling land to foreigners or foreign companies should be decided exclusively at an all-Ukrainian referendum.
“The possibility of selling land to foreigners or foreign companies should be decided exclusively and solely at an all-Ukrainian referendum,” Shmyhal said on air of The Right to Power program on the 1+1 television channel on Thursday evening.
At the same time, the prime minister emphasized that Ukrainians should have the right and opportunity to dispose of their land. “As for the issue of the possibility of selling state land, this is a matter of discussion in parliament,” the prime minister said.

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PRIME MINISTER OF UKRAINE: LARGE-SCALE ROAD BUILDING TO START ON MARCH 1

Prime Minister of Ukraine Oleksiy Honcharuk has said he hopes that a large-scale building of roads will start on March 1, 2020.
“Since March 1, a large-scale building [of roads] to start…This year it is necessary to prepare for the most early start of the season. We, in turn, will try to complete all the procedures by this moment,” he said during a press conference Roads UA 2020 in Kyiv on Monday.
He also asked the Antimonopoly Committee of Ukraine (AMCU) to favor this.
“We know that there are certain difficulties, that someone is doing stupid things: disputes every second tender in the Antimonopoly Committee. We ask the Antimonopoly Committee of Ukraine do not accept such a model of behavior. Respond by the quick, honest work,” Honcharuk added.

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UKRAINIAN PRIME MINISTER EXPECTS ECONOMIC LEAP FORWARD IN 2021

The Ukrainian economy will leap forward in 2021, while 2020 will be the year of preparations for this, according to Ukrainian Prime Minister Oleksiy Honcharuk.
“We expect this year to be the year of inventory and personnel renewal, and the next to prepare for the economic leap. We should launch the economy, should have new jobs and production,” Honcharuk said on Freedom of Speech program in the evening on Monday.
According to the head of government, in 2020, the number of civil servants will be reduced by at least 10%.
“But we anticipate the main savings thanks to IT tools, modern databases… We as a state now operate with terribly inaccurate data… Sometimes we, as a state, make decisions blindly. Next year we should have a database that shows for example, how many pupils, students we have,” he said.
He also added that a census planned for 2020 can also be done using online tools.
“Now we are looking for the opportunity of conducting a census as much as possible taking into account online tools, that is, to encourage people to fill out information about themselves online,” Honcharuk said.

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UKRAINIAN PRIME MINISTER PLANS TO CONDUCT TAX REFORM IN SPRING TO LAUNCH IT FROM 2021

The Cabinet of Ministers of Ukraine plans to conduct the “deep” tax reform in spring, which will take effect in 2021, Ukrainian Prime Minister Oleksiy Honcharuk has said. “Our tax system is designed so that a good-faith taxpayer loses. If you honestly pay taxes, you are simply forced to optimize on several markets. This is very wrong. We are planning a deep reform of the tax system in the spring, because you cannot change the tax system in the second half of the year,” he told reporters in Kyiv on Friday.
Tax reform should come into force on January 1, 2021, Honcharuk said.
“And this autumn, our main task is to clean up the administration of taxes. We have Mr. Verlanov for this. He is a very decent person. I really count on him,” the prime minister said.
Asked about potential changes in taxation for individual entrepreneurs, he said: “I believe that the system needs to be fixed, but to start doing this should not be from the ‘small taxpayers’ for sure.”
According to Honcharuk, the main problem of the simplified taxation system is that it is used for “smuggled money laundering.”
“Now it is difficult for me to say how the model that we propose will look like. But we will proceed from the fact that the whole country should use the simplified taxation system. That is, taxation should be so simple that it is not difficult for anyone,” the prime minister said.

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