UAC News

In the coming years Ukraine is quite capable to firmly occupy the second position in the world rating of countries-exporters of grains in terms of export volumes, declared Leonid Kozachenko, President of Ukrainian Agrarian Confederation, at the IV Ukrainian Grain Congress in Kiev.

Today, October 6 2011, Leonid Kozachenko, President of Ukrainian Agrarian Confederation, had a working meeting with Gary Vinokur, Director General of Merrill Lynch investment bank.

It takes political will to “automatize” the VAT refund. Also, it takes insignificant, but meaningful, changes in VAT administering which are to “strike the trump cards” from the hands of those who “dally” over refund referring to the interests of the state – deems Sergei Stoianov, Director General, Ukrainian Agrarian Confederation

This country has deviated too far away from the path of civilized countries. We already got used to various disgraceful practices surrounding our daily life. However notorious they might be, our “ways” and logics of our actions, our administering, our judicial proceedings, our daily life (read: “communal economy”) and many-many other aspects of our itsy-bitsy life are not understandable either to an ordinary foreigner, or to “weather-beaten” top-managers of transnational companies with their subsidiaries in many countries of the World.

The VAT-refunding issue has driven many up the wall in Ukraine. This concerns both a number of branches of the national economy and some business entities. What worries me is the agricultural sector. The very sector of Ukrainian economy that, for the past two years on the row, has been showing a positive trend in output growth, earning hard currencies for the coffers, as well as carrying half-Ukraine on its broad shoulders.