The Institute for Economic Research and Policy Consulting (IER) has released a new issue of Monthly Economic Monitor Ukraine No.12 (182). The highlight of the issue: Tax reform.

In this issue:

Tax reform is again a major topic for debate in Ukrainian society. It is not surprising given narrow tax base, high burden of complying with tax regulations, low confidence in tax authorities and payroll tax burden similar to most socially oriented West European economies. As usual, business will likely receive new tax rules close to Christmas.

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DiXi Group released a new issue of Monitoring of Ukraine’s implementation of its commitments in the framework of the Energy Community. Release No.25.

In this issue:

  • The Government insists that preparation to heating season is completed timely and qualitatively;
  • As regards electricity supply, Ukraine seeks systematic reserves and external opportunities of security reinforcement;
  • Ukraine has agreed upon the new “winter package”, however continues to search finance resources for natural gas purchase.

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Institute for Economic Research and Policy Consulting (IER) has published a new issue of the newsletter “Information of the WTO members” No.74.

In the issue of the newsletter:

  • USA: clarifications as to tobacco products regulation
  • Russia: amendments to the Common list of goods subject to veterinary control
  • Republic of Korea: amendments to food standards

The newsletter “Information of the WTO members” is a regular information product of the project “Trade policy and practice in Ukraine”. IER implements this project in cooperation with the Ministry of Economic Development and Trade of Ukraine and the National Board of Trade of Sweden. 

The Institute for Economic Research and Policy Consulting (IER) has released a new monthly issue of the Macroeconomic Forecast Ukraine No.11 (98).

In this issue:

Economy likely passed the bottom in the third quarter but real GDP will still fall by 11% in 2015. If most of our assumptions hold, real GDP is expected to grow by over 2% in 2016. Tax reform that we assume will take effect next year is not likely to affect economic situation substantially in 2016. In the medium run, the reform might improve investment climate and boost economic growth, if proposed change of PIT and EPT and social contribution rates to 20% is combined with more fair tax administration.

DiXi Group released the new issue of weekly analytical report  UKRАЇНСЬКА ENERGЕТИКА (November 16-22, 2015).

In this issue:

– What consequences agression in international politics of Russia draws;

– How Ukraine faced cutting Russian gas imports;

– How Naftogaz reforms proceeds;

– What is needed to restore electricity supply to Crimea and what Russian reaction shows;

– Did Ukraine manage to find a way to “coal” independence;

– How the fiscal legislation changes and what is expected;

– How the situation with energy corruption scandals develop;

– What benefits the situation on oil products’ market brings.

Institute for Economic Research and Policy Consulting (IER) has published a new issue of the newsletter “Information of the WTO members” No.73.

In the issue of the newsletter:

  • Republic of Korea: amendments to the standards for livestock products;
  • Russia: approval of common rules to ensure plant quarantine;
  • Russia: changes to the procedure as regard to transportation of products subject to quarantine control.

The newsletter “Information of the WTO members” is a regular information product of the project “Trade policy and practice in Ukraine”. IER implements this project in cooperation with the Ministry of Economic Development and Trade of Ukraine and the National Board of Trade of Sweden. 

Ihor Burakovsky, Director of the Institute for Economic Research and Policy Consultations (IER), has released a new analytical article “What Tax Reform Does Ukraine Need”. It analyzes the versions of tax reform and the potential scenario of its implementation.

The tax reform in Ukraine is a controversial issue. There are two possible and projects of it. One has been elaborated by the Ministry of finances, another has been prepared by the Committee of Tax and Custom Policy at Verkhovna Rada.

The experts of the research and analytical centre “Research and Environment” claim that  Ukraine needs new energy efficiency policy for successful implementation of the energy reform.

The analysts note that Ukraine issues a lot of subsidies instead of implementing energy efficient measures. According to the prognosis, if energy consumption won`t be reduced, the state would need to spend up to 7% of GDP for subsidies in 2017.

Economic boom of Ukraine is impossible without reforms in energy, say the experts. The initial plans for such reforms were outlined according to the agreements between Ukraine and Energy Community (2010).

The experts of the analytical centre DiXi Group claim that professional regulator Is a crucial factor of real competition on the energy market of Ukraine.

Nowadays Ukraine regulates energy sector through a special national commission (NCRECS). Its activity is frequently related with the oligarchic groups.

Moreover, on the energy market, which deals with great finances, some machinations oftern occur. According to Anti-Monopoly Committee of Ukraine, in 2014 13,64% of general violations happened in the energy sector.

Given this, professional and independent regulator is inevitably important in order  to avoid the influence of the politicians and oligarchs on the energy sector, conclude the experts. The professional regulator also allows restricting monopoly on the market and maintaining real competition. The regulator should be consumer-oriented.

DiXi Group released the new issue of weekly analytical report  UKRАЇНСЬКА ENERGЕТИКА (November 16-22, 2015).

In this issue:

– What priorities European energy policy sets;

– How Iran and potential partners prepare for cooperation;

– How Naftogaz strengthens collaboration with Western partners;

– What problems with heating season remain in Ukraine;

– How the escalation of energy supply problem for Crimea develops;

– What corruption risks remain in energy;

– What is the key for acceleration reforms in Ukraine;

– What strengthens instability on oil market.

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