News

Poroshenko signs law on easing transfer pricing norms, tax burden on businesses, non-profit organizations

President of Ukraine Petro Poroshenko has signed laws on amendments to the Tax Code of Ukraine on transfer pricing (bill No. 1861), on reducing the tax burden on taxpayers, and on the taxation of non-profit organizations (No. 2049), Deputy Head of the Presidential Administration Dmytro Shymkiv said at a briefing in Kyiv.

Poroshenko orders OSCE and Russian representatives be informed of militants' violations of Minsk agreements

Ukrainian President, Supreme Commander Petro Poroshenko has ordered that representatives of the OSCE SMM and, via the Joint Center for Control and Coordination of the ceasefire (JCCC), Russian representatives be informed of violations of the Minsk accords by militants, the press service of the General Command reported.

Ukrainian military rebuff attack, take key positions in Starohnativka area in Donetsk region – Defense Ministry

The anti-terrorist operation (ATO) forces in the early hours of Monday during a counterattack took key positions near the village of Starohnativka, Volnovakha district, Donetsk region, formerly held by illegal armed groups, the Defense Ministry of Ukraine reported.

OSCE SMM remains in Donetsk, not planning to evacuate after car-burning incident - spokesman

Monitors from the Special Monitoring Mission (SMM) of the Organization for Security and Co-operation in Europe (OSCE) are not leaving the hotel they were staying at in Donetsk, after an overnight incident in which four SMM vehicles had been burned down, OSCE SMM spokesman Michael Bociurkiw told Interfax-Ukraine on Sunday.

When asked whether he could confirm or deny media allegations of the SMM staff's decision to leave Donetsk, Bociurkiw denied the reports, saying there are no evacuation plans.

Number of MPs to decrease in Ukraine

Due to the new law on local elections in Ukraine, the number of MPs will be reduced by 30%.

First Deputy Head of the Presidential Administration of Ukraine Vitaliy Kovalchuk said this at a briefing in Kyiv on Thursday.

"After the introduction of this law, there will be a great reduction in the number of deputies of local councils. Now, the number of MPs of all levels will be reduced by a third," he said.

Majority of Kyiv residents happy with new patrol police, believe security will improve – poll

The majority of Kyiv residents are happy with the new patrol police in the city, according to a poll conducted by RATING pro information-analytical center.

According to the poll which was posted on center's website on Thursday, 82% of Kyiv residents support the creation of new patrol police in the capital, only 8% are against it.

A total of 69% of the respondents expect security in the city to improve as the result of the new patrol police, 19% believe that everything will stay the same, 2% - things will get worse.

President meets with U.S. Congress delegation

President of Ukraine Petro Poroshenko held a meeting with U.S. Congress delegation headed by Minority Leader of the United States House of Representatives Nancy Pelosi.

The press service of the President reported.

The parties exchanged views on the fulfillment of the Minsk agreements and the efforts of Ukraine aimed at peaceful settlement of the conflict, inter alia, in political scale.

Ukraine to terminate special pensions, lay conditions for adoption of funded pension system – IMF

By the end of 2015, Ukraine's authorities are to approve a pension reform package agreed with the International Monetary Fund (IMF) that revises the parameters of the pay-as-you-go system to make it more sustainable, abolishes special pensions, and lays the conditions for the adoption of a funded system that would complement the pay-as-you-go system, according to the IMF's country report titled "Ukraine: First Review Under the Extended Arrangement," published on Tuesday.

Ukraine intends to finish talks with creditors by late September 2015 – memorandum with IMF

The Ukrainian authorities have acknowledged that the foreign debt restructuring is advancing slower than expected, but said they intend to complete this process by the end of September 2015, according to a memorandum between Ukraine and the International Monetary Fund (IMF) which was updated following the first review under the Extended Fund Facility (EFF) program of the IMF.

U.S. gives Ukraine last chance to combat corruption – economy minister

The United States has given the Ukrainian authorities one last chance to combat corruption, Ukrainian Economic Development and Trade Minister Aivaras Abromavicius said in his video blog.

"What did the Americans say? Guys, we believe in you, you have a good plan of reform, you have done a lot of things, but we really give you one last chance - and they actually said so - to fight corruption," he said.

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