Ukraine

Business

Journal

5:52 AM Sunday, October 22, 2017
Free Articles
UBJ AM News: Dec. 23, 2016
The Rada passed legislation to stimulate domestic aircraft production and electric vehicle production, and several notable developments happened on the energy front.
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

About $210 million will be allocated in the 2017 federal budget to support Ukraine's agriculture, according to multiple news outlets. More than half of that funding could be directed toward poultry farming, Agriculture Minister Taras Kutoviy said.

The Rada approved preferences to the Ukrainian aircraft building industry from January 1, 2017 until January 1, 2025, Interfax Ukraine reported. During that time, aircraft builders will be exempt from the VAT for imports of goods. They will also be exempt from profit tax property tax on land where industrial facilities are located.

The Infrastructure Ministry is proposing measures to develop the electric vehicle market and electric vehicle production in Ukraine, Interfax Ukraine reported. Ukraine's goal is to have sales of electric vehicles accounting for 15 percent of total volume by 2020 and stimulate domestic production of electric vehicles.

Parliament voted to cut the feed-in tariff for large solar power plants by 44.5 percent, according to multiple outlets.The reduction applies to plants with a capacity of 10 megawatts or more that came online before June 30, 2015.

Ukraine will build a plant for production of solid fuel assemblies, Minister of Energy and Coal Industry Ihor Nasalyk was cited as saying by Interfax Ukraine. He said three companies have expressed interest in the tender for the project: America's Westinghouse, a Chinese company and a French company he declined to name.

The amount Ukraine charges wireless providers for using 4G frequencies will rise 73 times over starting Jan. 1, Novoe Vremya reported. Affected companies include MMDS-Ukraine, Intelltelekom, Kyivstar and S Line. If they want to implement 4G technology, they will have to pay the new rate.

The Rada ratified a protocol calling for development of a Europe-Caucasus-Asia corridor that bypasses Russia, Unian reported. In addition, Ukraine extended import restrictions on Russia into 2017.

Construction activity in the January-November period increased 14 percent from the same period in 2015, Novoe Vremya reported, citing the State Statistics Service.

Owners of the Varus chain of stores received approval from the monopoly watchdog to purchase retailer EVA, according to Novoe Vremya.

Ukraine's energy and coal production minister set a goal to completely wean the country of anthracite coal within three years. Interfax Ukraine reported. Most of that coal, 9 million tons a year, comes from the Donbass.

For comments and news tips, please email UBJ AM editor David Edwards at david.edwards@theubj.com.

We recommend
Kernel gets $200 million credit from Euro banks; G...
James Brooke Oct 20, 2017
Air traffic up by almost one third; Railroad carri...
James Brooke Oct 19, 2017
Ukraine’s trade deficit doubles; Trade with Russia...
James Brooke Oct 18, 2017
--> --> -->