OREANDA-NEWS. The Parliament of Ukraine passed the bill #3757 which reinstates VAT refunds on grain exports starting 1 January 2014.

The well-timed decision of authorities shall positively impact the Ukrainian farmers undermined recently by weak global prices for soft commodities. The bill sends strong and positive signal both to domestic and foreign investors to commit longer-term capital and social spending to further develop the sector fueling the future growth of Ukrainian economy.