Tax reform. Dolce Vita promised to businesses
Ukrainian businesses are looking forward to the moment when the government adopts the new tax rules for 2017. The Finance Ministry pledged not to look down on anyone in particular. Tax rates will remain untouched, so this mini-reform will boil down to enhancing the administration of taxes. At the same time, the powers of the fiscal authorities will be cut back, while small businesses will even be granted “tax holidays”.
Week’s balance. Battle for budget, Naftogaz reshuffle, and autumn reform by Rada
After a year's lull, a tap of external funding has opened for Ukraine; the parliament began its consideration of a draft state budget for 2017; while the Cabinet deprived the Economy Ministry of control over Naftogaz - these are the main economic news of the past week.
Budget a la Groysman
Traditions are changing in Ukraine - after many years of adopting the state budget on New Year’s eve, the country can actually do it within the required terms and pass the main financial document before the end of autumn. Experts assess the project positively, while legislators get ready for a heated debate. Meanwhile, Prime Minister Volodymyr Groysman has vowed not to let the budget process be turned into some "Pokemon show".
Week’s balance: IMF tranche, slap in Russia’s face, and "honest budget"
Executive Directors of the International Monetary Fund decided to disburse the third tranche of the loan for Ukraine, the National Bank eased forex restrictions and lowered the discount rate, while the Government has tabled in Parliament a draft budget for 2017- these are the main economic news of the past week.
Minister of Social Policy: Subsidy recipients must report on purchases over UAH 50,000, otherwise they are in trouble
Social Policy Minister Andriy Reva in an interview with UNIAN has told who can apply for a subsidy this winter, who can be deprived of it and why, and also about the fact that the state cannot secure all the assumed social obligations.