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Ukraine will allow bonds issued to cover value-added tax reimbursements to trade on the secondary market, Deputy Prime Minister Serhiy Tigipko said.

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.

As UAC predicted earlier, the price of sugar in Ukraine stopped growing and even began to decline. From the beginning of the year, the wholesale prices fell to UAH 7000 per ton. This trend was caused by several factors. Lack of funds for the planting season was the main reason of decreade in the price of sugar, as it forced farmers to sell their own stocks of sugar, which they held in anticipation of further price increases. Also, sugar prices on the world trading floors plummeted from a peak of $755/MT in late Janaury to $504/MT on March 31, 2010, which has significantly told on Ukrainian domestic prices.