Imports to Ukraine decreased 15% by volume

Wednesday, March, 26, 2014, 18:50

The Ministry of Revenue reports that the volume of goods imported into Ukraine decreased by 15% in volume and in monetary terms by 24%. The minister’s deputy and a supervisor of the Customs Service, Vitaly Naumenko, announced this, UNIAN reports.

Naumenko states that, “budget receipts have been rising due to contributions made by the Customs Service. 6.3 billion UAH was transferred for March and this exceeds the figures from January and February. We are planning to reach 7.7 billion UAH as of this year end that will be 71% of the target of the State budget’s total fund,” Naumenko said.

Continue reading


Ukrainian Government’s Austerity Action Plan

By Dmytro Dyenkov, EP, March 11, 2014

The Cabinet is ready to adopt unpopular austerity measures. This obviously will not include doubling gas tariffs for the population, but outrage probably is unavoidable. A limit on pension payments to working pensioners is envisioned as early as March.

In the beginning of March, the government planned to revise the state budget in order to save 65-80 billion UAH. Last week the sources of the savings were reported. In particular, personnel has already been reduced in some of the state institutions. The National Bank dismissed “investigators,” guards, and some staff that had been hired at the Bank during the Serhiy Arbuzov administration. Continue reading

Theft from the budget like stolen art

“They would be arrested, you’ll see: get ar-res-ted!  After I was chased away from there, those guys would start stealing, as only they can. And after a year, someone would come to get them.”

I heard this emotional speech a few years ago. The speaker was one of the scheme-makers from a big government ministry, who was cast aside by the new administration. For two hours, I was listening to how an official could withdraw state property, what knowledge to use to submit the right tender, and how many speeches he had made using NLP methods. Continue reading