The Verkhovna Rada at first reading supported bill No. 2239-1 on amending certain legislative acts in connection with the separation of natural gas transportation activities, which is necessary for certification of a new independent operator of the Ukrainian gas transmission system and creation of conditions for signing a transit contract with Gazprom according to European … Read more
Ukraine’s Verkhovna Rada has passed at second reading bill No. 1230 with amendments to the Customs Code of Ukraine on the protection of intellectual property rights when moving goods across the customs border of Ukraine, which should protect intellectual property rights holders from imports of counterfeit products and streamlines intellectual property provisions in Ukraine’s customs … Read more
The Antimonopoly Committee of Ukraine has fined cigarette manufacturers and distributors UAH 6.5 billion for anti-competitive actions, according to a posting on the website of the committee. The decision was made in the case of violation of the law on the protection of economic competition by four largest Ukrainian manufacturers of tobacco products: Philip Morris … Read more
The Ukrainian marketplace Rozetka has started its operations in Moldova. The website domain is Rozetka.md: it is in the Russian language, and the prices are specified in Moldovan leu. In Chisinau, Rozetka also has an offline store and a service center, where you can pick up or return the order. The website indicates that delivery … Read more
Ukraine’s Verkhovna Rada has passed at second reading bill No. 1049 introducing a single account for paying taxes and duties, and the single social security contribution. In addition, the Verkhovna Rada also approved bill No. 1051 on amendments to the Tax Code to introduce a single account for paying taxes and fees, which supplements the … Read more
JSC Ukrzaliznytsia in January-June 2019 received UAH 1.065 billion in net profit, which is 2.27 times more than in the same period in 2018 (UAH 468.437 million), the financial report posted on the company’s website says. Pretax financial result amounted to UAH 1.592 billion, which is 2.16 times more than the result for the six … Read more
The Verkhovna Rada has canceled the list of state-owned companies that are not subject to privatization, adopting bill No. 1054-1 as a whole with a further technical and legal revision. According to a correspondent of the Interfax-Ukraine agency, 250 MPs voted for this bill at second reading with the quorum being 226 votes. “For the … Read more
Ukraine on October 1, 2019 resumed commercial import of electricity from the Russian Federation, Ukrenergo transmission system operator has told the Interfax-Ukraine agency. The company noted that in accordance with Articles 38 and 39 of the law on the electricity market, the transmission system operator is obliged to provide non-discriminatory access to the grids. According … Read more
Britain’s diversified oil & gas company with assets in Ukraine Cadogan Petroleum has reached an agreement with Ukrinvest Group for the sale of Gazvydobuvannya LLC for a total consideration of $2.8 million, the company has said on the website of the London Stock Exchange (LSE). Gazvydobuvannya LLC is one of two wholly owned subsidiaries, based … Read more
The number of employed IT specialists in line with the Labor Code of Ukraine is 2-3%, and the rest of IT specialist work as private entrepreneurs or under a contract, Vice President for Strategy and Technologies at GlobalLogic Ukraine Andriy Yavorsky has said in an interview with Interfax-Ukraine. According to him, this situation has arisen … Read more