Latest news of automotive industry.
The Russian government will reimburse part of the cost of interest on loans to domestic automakers this year. It was reported in the press service of the Cabinet of Russia. The corresponding document was signed by the Prime Minister of Russia Dmitriy Medvedev. This decision will suppo... Read more
The Cabinet approved the procedure for the electronic VAT administration and determined that the accounts of payers in the new system will be opened in the State Treasury Service (State Treasury). It was stated in the decree N569 from 16 October. SFS head Ihor Bilous at the... Read more
NBU requires commercial banks to observe a moratorium on the accrual of interest and penalties on loans to residents of Donbass. National Bank of Ukraine intends to punish commercial banks that have not abolished the penalties on loans for citizens and businesses in the area of anti-terrori... Read more
Profit of Ford Motor Co., the second-largest US automaker, in the third quarter of 2014 exceeded the expectations of the market, despite of its sharp decline due to the rising costs for development and production of new models. According to a press release from Ford, the company net profit in... Read more
If in the nearest future the National Bank of Ukraine cancels decree №591, business would sue the regulator to set aside damages. This was stressed in the Employers' Federation of Ukraine during a press conference in which representatives of various industries evaluated the impact o... Read more