You're reading: Friday’s Headlines: VETEK buys Forbes Ukraine owner UMH, Webmoney responds to tax service

VETEK group
of companies and Ukrainian Media Holding signed sales agreement for 98 percent of
the holding’s stock,
writes Forbes Ukraine. Sides have already finished the
negotiation process. Sales agreement will be completed in 8 months. Owner of
VETEK energy holding  Serhiy Kurchenko
has already paid off half of the sum for UMH. “We are looking for profitable and
perspective Ukrainian media objects. We are interested in making UMH an attractive
business asset,” he says.

Miguel Forbes, manager of Forbes
global brand, has blessed the sale of Forbes Ukraine owner UMH,
writes
Korrespondent. According to a UMH statement, he expressed hopes the new
management will bring new investments and expand Forbes’ reach in Ukraine. UMH
owner Boris Lozhkin also told
Kommersant he expected the new investor to cover outstanding debt worth $70
million.

Webmoney Representative
says the company has not made “fabled profits”.
Forbes publishes an interview
with expert – consultant of Webmoney company Oleksiy Titov discussing problems
that have occurred with Webmoney and tax police:  “There are myths about our profits.  Our profit is 1 percent commission from sales rights
on demand, or so to say “renewing accounts”. These profits cover vital
functions of the company, work of our professionals, technical resources. But or
activity doesn’t bring superprofits.”

Foreign Minister Leonid Kozhara hopes Germany will help Ukraine with signing Association Agreement with European Union, reports Dzerkalo Tyzhnya. At his meeting with Foreign Minister of Germany Guido Westerwelle Kozhara discussed the steps Ukraine has already taken to achieve Association Agreement. According to Kozhara, Germany’s position will be critical in many issues (when approving EU agreement with Ukraine).

National Investment Agency plans to spend Hr 8.44 million on advertising, reports Nashi Groshi, referring to the data published in State Purchases Journal. Most of the money will be spent on printing and publishing adverts, an order placed in two companies, one of them belonging to Yuriy Boyko, director of State Infustructure Developing Agency. Also, Hr 2.53 million went to Gloria, company founded by Lutsk-based Oleksandr Servatovych, former ally of Kaskiv in 2006 parliamentary elections.

The Ministry of Revenues and Duties
is eying income tax liberalization starting in 2014,
writes Kommersant. Among the
proposed changes is cutting the social charge by half to 18 percent, and making
salaries up to Hr 1,500 free of any tax whatsoever.

The National Bank of Ukraine has canned a
proposal to allow for changes to the exchange rate during the day,
writes Kommersant. The NBU also rejected
the idea of allowing banks to use different rates at different units.