Bunge raids highlight problems with aggressive customs, tax authorities

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Sept. 27, 2012, 11:13 p.m. | Business — by Jakub Parusinski

While Ukraine remains a promising destination for agribusiness investments, massive red tape, bureaucracy and shakedowns by the authorities are a constant hassle that can cut into profit margins and patience of a business.

Jakub Parusinski

Recent tax raids of the Odesa branch of Suntrade, a subsidiary of global grain trading giant Bunge, spooked investors and highlighted the constant problems that foreigners face when doing business in Ukraine. 

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