The Verkhovna Rada adopted in the final reading bill No. 9011-d on amendments to certain laws regarding the restoration and green transformation of the power system of Ukraine. The bill was supported by 279 MPs at the plenary session on Friday, MP Oleksiy Honcharenko has said. The bill, in particular, provides for guarantees of the … Read more
Ukrainian President Volodymyr Zelenskyy has signed a decree establishing a separate court for the protection of investors’ rights and assets in the country, according to a message on the president’s website on June 30. The decision to form this court was made by Ukraine’s National Security and Defense Council on June 23. The council, in … Read more
The Verkhovna Rada of Ukraine has abolished the 2% single tax from August 1, member of the Holos faction Yaroslav Zhelezniak said. Particularly, 239 MPs voted for bill No. 8401 [based on the program with the International Monetary Fund] on the abolition of the 2% single tax at the plenary session of the Verkhovna Rada … Read more
The Ministry of Economy of Ukraine has assessed the cost of the direct damage caused by the destruction of the Kakhovka Hydroelectric Power Plant and dam to be worth at least $2 billion, the press service of the ministry reported on June 30. The analysis by experts from the Ministry of Economy, the Ministry of … Read more
The European Union’s leaders backed the plan to utilize the Central Bank of the Russian Federation’s frozen assets to benefit Ukraine, including levying an income tax on them. Sydorov reports this with reference to Bloomberg and Reuters. EU leaders are supporting a proposal to implement a tax on profits from Russian central bank assets worth … Read more
Uzhhorod residents are the most optimistic in Ukraine about their economic prospects, with 17% saying their financial situation has improved or somewhat improved over the past year, according to a new survey released on June 30. The findings come from the Eighth All-Ukrainian Municipal Survey conducted by the Sociological Group Rating on behalf of the … Read more
Three Ukrainian manufacturers have been selected to receive $1 million each to combat Iranian-made Shahed drones, the Ministry of Digital Transformation announced on June 27. The manufacturers were chosen through the Drone Hackathon – Anti-Shahed event, where 50 teams presented their projects to representatives of Ukraine’s security and defense forces. The objective was to identify innovative solutions … Read more
Ukraine has partnered with the Lagos Free Zone company to build a grain terminal at the Lekki Port in Nigeria, the Ministry of Agrarian Policy and Food of Ukraine reported on June 26. The signing of a joint memorandum on the matter took place in London on the sidelines of the Ukraine Recovery Conference. “The … Read more
Western-style robotic systems for demining will be manufactured in Ukraine. The press service of the Ministry of Economy of Ukraine reported this. The department notes that it has signed the relevant Memoranda with the following: In particular, the Ukrainian business will produce equipment components for Hydrema, which will be supplied to the domestic market and … Read more
Ukrainian company Pozhmashina announced a cooperation agreement with Denmark’s Hydrema, the world leader in demining machinery production. The agreement was signed between Pozhmashina CEO Oleh Averyanov and his counterpart at Hydrema Jan Werner Jensen during the Ukraine Recovery Conference 2023 in London. The memorandum of understanding entails the localization of part of the production … Read more