Business news from Ukraine

UKRAINE DOES EVERYTHING TO SUPPORT LOCAL FILM BUSINESS – CULTURE MINISTER

The government is doing everything to support the Ukrainian film business, even despite the COVID-19 pandemic, and Ukraine has gained a good reputation as a partner of international film companies, Minister of Culture and Information Policy Oleksandr Tkachenko has said.
“Even during the difficult period of the pandemic, we are doing everything so that the Ukrainian film business has support from the state, and Ukraine gains a good reputation as a partner of international film companies. We have cool locations and equally cool productions for this. This has already been proven by the film The Last Mercenary from Netflix with Jean-Claude Van Damme in the title role, of which the lion’s share of the shooting took place in Kyiv,” Tkachenko wrote in his Telegram channel.
He also said that Ukraine presents its films and a national stand at the European Film Market of the Berlin Film Festival. There are such domestic films as “Stop-Zemlia” and “Ursus”, animation “Gulliver Returns”, documentary “Puzzles”.
According to Tkachenko, the stand is “a guarantee for the future. Both for promoting our films abroad, and for advertising the system of cash rebates and other benefits from filming in Ukraine.” In particular, the Locations.com.ua service was presented – an online catalog for finding the best locations in our country.

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EUROPEAN PARLIAMENT REITERATES ITS SUPPORT FOR UKRAINE’S INDEPENDENCE

The European Parliament reaffirmed its continued support for the sovereignty and territorial integrity of Ukraine, continuing to condemn the illegal annexation of Crimea and the de facto occupation of certain regions in the east by Russia.
This is discussed in the section “Cooperation in the field of the common foreign and security policy (CFSP)” of the resolution on Ukraine’s implementation of the Association Agreement, voted by the European Parliament during the plenary session. The spokesperson was deputy from the European People’s Party Michael Gahler (Germany).
“The European Parliament Reiterates the Union’s unwavering support for and commitment to Ukraine’s independence, sovereignty and territorial integrity within its internationally recognised borders, and its support for the internationally coordinated sanctioning of the Russian Government and agents who are undermining the country’s sovereignty and territorial integrity,” according to the resolution.
In addition, the European Parliament ontinues to condemn the illegal annexation of Crimea and Sevastopol and the de facto occupation of certain areas of Donetsk and Luhansk and calls on the Russian Federation to fulfil its international obligations, to withdraw its military forces from the territory of Ukraine.
The European Parliament also welcomes the resumption of the peace talks under the Normandy four format on 9 December 2019 in Paris after a deadlock of three years.
The European Parliament strongly condemns Russia’s destabilising actions and military involvement in Ukraine; expresses concern about Russia’s ongoing build-up of military facilities and installations in the Crimean Peninsula. In addition, the European Parliament condemned Russia’s illegal actions aimed at seizing control of the Kerch Strait, as they constitute a breach of international maritime law and Russia’s international commitments, in particular the construction of the Kerch Bridge and its rail link without Ukraine’s consent, the laying of underwater cables and the closing up and militarisation of the Azov Sea, which severely hinders Ukraine’s economic activities. The European Parliament called on the Russian Federation to ensure unhindered and free passage to and from the Azov Sea in line with international law, and access to the occupied Ukrainian territories of Donbas and annexed Crimea for international non-governmental organizations and international humanitarian organisations and to release of all Ukrainian political prisoners and prisoners of war in Russia, Crimea and the parts of Donbas not controlled by the Ukrainian Government.
The European Parliament also considers it possible for the Commission and the European External Action Service to intensify their efforts towards a peaceful settlement of the conflict.
In addition, the European Parliament called on the EU High Representative, the Commission and the member states to provide the necessary support for the creation of the Crimean International Platform, which will coordinate, formalize and systematize efforts aimed at restoring the territorial integrity of Ukraine.

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UKRAINIAN ECONOMY MINISTER COUNTS ON BILL ON LOCAL CONTENT WITH SUPPORT OF MANUFACTURER

Minister of Economy Ihor Petrashko expects to find such a version of the bill on amendments to the law on public procurement, which will satisfy international partners and will support the Ukrainian manufacturer.
“Without stimulating production in Ukraine and using public funds to purchase goods produced in Ukraine, there will be no significant progress in the country,” Petrashko told a news conference during the Ukrainian Forum “Ukraine 30. Coronavirus: Challenges and Responses” held on Tuesday.
According to the minister, all countries of the European Union and the United States use incentives to ensure that public funds primarily go to the purchase of those goods that are produced in their countries.
Petrashko said that at the moment consultations with the EU and the United States on the local content bill (No. 3739 on amendments to the law of Ukraine on public procurement) are underway, as the reaction to it is ambiguous.
The minister added that the use of non-price criteria will benefit Ukraine’s trade with the European Union and the United States.
“Therefore, we want to find a format of persuasion and find the version [of the bill] that will allow us to support the manufacturer,” Petrashko said.

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SKYUP ASKS UKRAINIAN AUTHORITIES TO SUPPORT AVIATION INDUSTRY

SkyUp Airlines (Kyiv) since April 2020 has repeatedly addressed the President, the Prime Minister and the Minister of Infrastructure of Ukraine with letters asking to support the country’s aviation industry, the company has told Interfax-Ukraine.
It is noted that in June 2020, together with other enterprises of the industry, SkyUp appealed to the government with a request to provide state support to the industry. The appeal also outlined the problems the enterprises faced and proposals for their solution in cooperation with the state.
SkyUp emphasizes that, in addition to financial support, there can be many models of assistance – loans, loans under state guarantees, loans under the companies’ obligations, etc.
“The main thing is that this scheme is working, and there is a dialogue with the enterprises,” the company said.
“Today, the issue of state support for the industry remains open. Moreover, to date we have not received compensation for the special flights that were carried out to return more than 12,000 Ukrainians from Egypt in March,” SkyUp added.
Earlier, Ukraine International Airlines (UIA) stated that it had also repeatedly sent requests to the authorities about the need to support both the company itself and the Ukrainian aviation industry as a whole.

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INDEPENDENT NATIONAL BANK OF UKRAINE IS CRITICAL FOR SUPPORT FROM EU – OPINION

The independent and professionally governed National Bank of Ukraine (NBU) is critical for macro-financial support from the European Union and other international partners, Head of the EU Delegation to Ukraine Matti Maasikas has said.
“A strong, independent and professionally run NBU is critical to Ukraine’s financial stability, banking sector reform, investment, economic development to benefit Ukraine’s citizens, and macro-financial support from the EU and other international partners,” he wrote on Twitter on Thursday.

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UKRAINE PLANS TO INTRODUCE TAX BENEFITS TO SUPPORT CULTURE, TOURISM AND CREATIVE INDUSTRIES

The Verkhovna Rada intends to amend the Tax Code of Ukraine to support culture, tourism and creative industries.
Some 273 MPs voted in favor of bill No. 3851 at first reading.
According to an explanatory note to the bill, the document proposes to introduce tax mechanisms to provide state support to the spheres of culture, tourism and creative industries in order to prevent their stagnation, preserve and create new jobs.
The bill, in particular, proposes not to tax corporate profits, income of individuals, and a single income tax in the form of a cultural grant.
According to the bill, a cultural grant means “targeted assistance in the form of funds or property, which are provided on a free and irrevocable basis at the expense of the national and/or local budgets, international technical assistance for the implementation of a project or a program in the fields of culture, tourism and creative industries.
In addition, in terms of value added tax, it is proposed not to tax operations on import into the customs territory of Ukraine (import of goods) that are part of the national cinematic heritage.
It is also proposed not to tax certain operations for the supply of national films until January 1, 2025, and from January 1, 2023 to January 1, 2025, not to tax operations on the supply of services for the demonstration, distribution and screening of national films and foreign films that are dubbed, voiced in the state language on the territory of Ukraine, provided that such films are adapted, in accordance with the legislation, in the Ukrainian language version for persons with visual and hearing impairments.

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