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Archive for June 10th, 2010

Obama wrote a letter to Yanukovych

Posted by the Editor on June 10, 2010


News / 10 June 2010 | 17:50

Obama wrote a letter to Yanukovych

Obama wrote a letter to Yanukovych

In his letter to President Viktor Yanukovych, President of the USA Barack Obama once again praised historic decision of Ukraine to get rid of its remains of highly enriched uranium.

“It was a respectful decision that should serve as an example for the world,” reads the letter. It also states that the worked out communiqué and action plan are a solid foundation to rely on while achieving the goals of the Washington Summit.

President Obama also mentioned that the next summit will be held in 2012 in Korea. “I suggest we start work now for this summit to be a success,” says Barack Obama.

“I would like to address you with a request that Ukraine persuaded others, especially those we could not invite to the summit, to accept the views of Washington Nuclear Security Summit,” states Barack Obama’s letter to Ukrainian President.

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Georgia is not concerned over improved RUssian-Ukrainian relations

Posted by the Editor on June 10, 2010


News / 10 June 2010 | 16:23

Georgia is not concerned over improved RUssian-Ukrainian relations

Georgia is not concerned over improved RUssian-Ukrainian relations

The recent reset in Russian-Ukrainian ties does not pose a threat to Georgian-Ukrainian relations, Georgia’s Foreign Minister said during his visit to Kiev on Thursday.

“The improvement of Ukraine’s relations with a third country does not pose any threat to Ukrainian-Georgian ties,” Grigol Vashadze told a news conference. “Bilateral relations between Ukraine and Russia are the concern of those two countries alone.”

Georgia’s foreign minister thanked Ukrainian authorities on Thursday for their refusal to recognize Abkhazia and South Ossetia.

“I want to thank the Ukrainian president and foreign minister, in the presence of journalists, for the statements that were recently made over the territorial integrity and sovereignty of Georgia” Grigol Vashadze said during a visit to Kiev.

After Yanukovych won the Ukrainian presidential elections in February, Tbilisi said it would maintain friendly relations with Kiev regardless of who was to rule the country.

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Tymoshenko calls for law on priority development zones to be passed

Posted by the Editor on June 10, 2010


News / 10 June 2010 | 14:28

Tymoshenko calls for law on priority development zones to be passed

Tymoshenko calls for law on priority development zones to be passed

Yulia Tymoshenko has announced that the opposition will insist that the parliamentary plenary agenda include the draft law on priority development territories, which was developed during her term as prime minister but not passed.

“When we were in government we developed a special law that would offer tax benefits to priority development zones to increase investment,” Yulia Tymoshenko said during a press conference in Zhytomyr, BYuT press office reported.

“We will propose this bill for a Wednesday, because as you know the opposition sets the agenda for Wednesdays, and we will insist that his law be passed,” she said.

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Labor ministry proposes to gradually rise pension age for women

Posted by the Editor on June 10, 2010


News / 10 June 2010 | 12:55

Labor ministry proposes to gradually rise pension age for women

Labor ministry proposes to gradually rise pension age for women

The pension age in Ukraine will be raised, but gradually and will be carried out by two ways. The first is gradual leveling of male and female pension age. The Labor and Social Policy Ministry proposes to rise the pension age for women since 2012 and till 2021, UKRINFORM reports with reference to the ministry press service.

In 2012, it is envisaged to start rising the pension age for women through its annual increase by 6 months till it reaches 60 years. For instance, in 2012, the pension age for women will make up 55 years and 6 months, in 2013 – 56 years, etc. Therefore, in 2012, the pension age for women will reach 60 years.

The second trend of the pension reform will touch on those who will enter the second level of the accumulation pension system for the date of introduction of the second level (till the end of 2012). Those citizens will become pensioners at 65 years. But this will only concern persons who are less than 35 years now. Since by calculations of specialists, building up the accumulation system of the second level will require 30 years.

The government hopes that thanks to carrying out reforms the population’s living standard will grow, and respectively the lifetime. And then a process of rising the pension age will be perceived as the regular and necessary fact.

In 2009, in Ukraine women’s average lifetime made up 74 years, men – 62.3 years.

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Government to consider draft Tax Code of Ukraine

Posted by the Editor on June 10, 2010


News / 10 June 2010 | 11:02

Government to consider draft Tax Code of Ukraine

Government to consider draft Tax Code of Ukraine

The Government today will consider and adopt a draft Tax Code of Ukraine, which is one of the directions of the reform program of the President of Ukraine. Prime Minister of Ukraine Mykola Azarov said opening the meeting, Cabinet’s press office reported.

“There were a lot of talks about its necessity. Probably every political force in its election program provided an important place for the Tax Code. And only now, through joining of efforts of the Government, experts, businesses, MPs of the coalition ‘Stability and reforms’ we have a real opportunity to get the ‘economic constitution of the state,'” Mykola Azarov emphasized and added that the country had been waiting for this document during all years of its independence.

The Prime Minister said that being in crisis, the Government managed to reduce the fiscal burden on the economy and encourage the modernization of production, innovations and investments.

Thus, according to Azarov, under the draft document significantly reduces the number of national taxes: from 29 to 17; 10 local taxes and duties are cancelled and it is also provided the gradual reduction of corporate income tax rate, which is credited to the state budget: from 25 per cent to 20 per cent in 2011 and further annual reduction by 1% – till 17% in 2014.

The Prime Minister has said that accelerated depreciation will be introduced as one of the main incentives for capital renewals as well as mechanisms to stimulate innovation and investment development.

Mykola Azarov has said that we pay great attention to promotion and development of small enterprises. Thus, we have serious reduction of tax accounting expenses, including decreasing the number of reports submitted to tax authorities, harmonizing tax and accounting, etc.

According to the Prime Minister, one of the most important components of the draft Tax Code is to establish clear and transparent mechanisms of interaction between fiscal authorities and taxpayers, simplified administrative procedures and optimize.

“To summarize, we have abandoned all obsolete and incapacitated. This document is innovative. This is a real tax reform that fundamentally improves the investment climate in Ukraine, raises our country’s rating of economic freedoms and attractiveness for business”, Azarov summed up.

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