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Discount rate in Ukraine reduced and amounts 15% as from 16 September 2016
On 15 September 2016 the Board of the National Bank of Ukraine passed new regulation №277-рш according to which the discount rate was set at 15% effective from 16 September 2016. Just to remind that previous discount rate amounted 15.5% from 29 July 2016. For reference: as of now same rate in Russia amounts to 10.5%, in US – 0,5%, in EU – 0%.
In Ukraine the settlement deadline for export and import transactions extended from 90 to 120 days
On 28 July 2016 the Board of the National bank of Ukraine approved resolution No. 361 “On amendments to some NBU regulations”. As a result the settlement deadline for export and import transactions was extended from 90 to 120 days. In particular, resolution of NBU Board No. 342 dated 07 June 2016 was amended. Those amendments became effective...
Copyright infringements for $1 billion: charges on Artem Vaulin
US federal authorities go on fighting copyright infringers. Artem Vaulin, of Ukraine, was charged by US prosecutors, in particular, with criminal copyright infringements. Vaulin seems the alleged owner of Kickass Torrents being responsible for unlawfully distributing well over $1 billion of copyrighted materials. On 20 July 2016 Vaulin was...