Top-News

Amid all the doom and gloom, one sector in the country’s economy has a bright future and promises high yields. Despite a deep recession that sent gross domestic product plunging 15 per cent last year, some budding domestic agribusinesses reported double-digit growth.

In May 2010, grain export from Ukraine amounted to 850,000 MT or twice as less than in May 2009. In particular, there were exported 230,000 MT of wheat, 340,000 MT barley, and nearly 280,000 MT of corn.

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.