Ukraine Introduced Policies To Support The Real Economy And Export Enterprises

In order to overcome the negative impact of the world financial and economic crisis, ensure the stable operation of the macro-economy and the steady operation of enterprises in the real economy, and promote the employment of the residents, Ukraine has launched a targeted support policy for export enterprises, major industrial enterprises and small enterprises.

It includes: speeding up the modernization process of equipment and technology in the basic economic field, introducing modern and flexible small process equipment, producing high quality and competitive export oriented products, continuing to improve the competitiveness of domestic products in the domestic and foreign markets, expanding the sales scale, developing new varieties and promising sales markets, greatly reducing production consumption and product costs, including the rationalization of technology, reducing the consumption of materials and electric energy and other consumption, introducing the international standard system of product quality management, implementing flexible pricing policies, and improving the export mechanism under the conditions of rapid changes in the international market prices.

It is possible to suspend depreciation for 6 months when the price of goods in the international market is lower than the value of its export products; the time for the VAT refund of export enterprises to be shortened to 20 days from the original 30 days; the guarantee period for textile enterprises to purchase cotton lint is extended from 90 days to 120 days; in 2009, the time limit for fines for export enterprises is extended from 30 days to 60 days due to the failure to receive timely remittance, and the interest rate provided by commercial banks to the export enterprises within a 12 month period for the purpose of supplementary liquidity is no more than 70% of the re lending rate (the current reloan rate is 14%); the price range of all energy products and public services provided to export enterprises in 2009 will be controlled between 6-8%. The specific benefits that the export enterprises will receive include: 2009-2010 years, enterprises.

Yang Jing: editor in charge