The Ukrainian parliament has voted to free imports of security- and defense-related goods from VAT and customs duties, Deputy Chairman of the Parliamentary Finance Committee, Yaroslav Zheleznyak, said in a Telegram post on April 10. The two bills in question, № 9061 and № 9062, include lifting VAT on goods meant for the Ministry of Defense, the … Read more
The Norwegian Refugee Council (NRC) has launched a program to support business owners who have relocated from areas of active hostilities to Ukraine’s western Lviv or Ternopil regions. The Ministry for Reintegration of the Temporarily Occupied Territories of Ukraine reports that the NRC plans to support with small grants and technical support 50 business owners … Read more
Ukrainian oil company Ukrnafta to drill five more wells in western regions in 2023. It exceeds the previous plans to establish three wells, Serhii Koretsky, the company’s CEO, says. “The first well, with a depth of 2,213 meters, will be an exploratory well. It should reveal promising deposits of three horizons. The expected flow rate … Read more
Ukraine’s labor market is showing signs of rebounding after the number of job vacancies increased by 14% compared to February, according to an analytical study by the Work.ua portal released on April 6. Demand in the hospitality and tourism sectors showed the fastest signs of growth. Even Ukraine’s frontline regions are showing signs of heating up, with … Read more
The world’s largest offshore drilling company, Schlumberger Limited, aka SLB, has been listed as an international sponsor of war by the National Security and Defense Council of Ukraine (NSDC), the National Agency for Prevention of Corruption (NACP) reported on April 7. This designation was applied due to SLB’s expansion of its business with Russia, in contrast to … Read more
Farmers in Poland are dissatisfied with Ukrainian grain imports flooding the market, to the point of threatening to blockade the Dorohusk-Jagodzin border crossing in protest, Polish news outlet RMF24 reported on April 7. According to the report, the activist farmers plan to block the crossing on April 12-15, after increased grain imports from Ukraine led … Read more
Citing a negative outlook, the S&P Global Ratings agency has downgraded Ukraine’s long-term foreign currency sovereign credit rating to CCC from CCC+, the agency reported on April 6. The rating change was triggered by Ukraine’s official announcement that it is restructuring its foreign currency external debt to restore sovereign debt sustainability, as part of the recently … Read more
Ukrainian ride-sharing taxi service Uklon plans to launch services in new foreign countries soon, company COO and co-founder Serhii Smus told Liga.net on April 7. “We have been hesitating to expand for a long time,” Smus said. “In May 2022, we planned to enter the first country, the first of three countries in 2022. In another country … Read more
S&P Global Ratings lowered the long-term foreign currency rating on Ukraine to ‘CCC’ from ‘CCC+’, the outlook on the foreign-currency rating is negative and that on the local-currency rating is stable, the agency said on its website. “The rating action follows Ukraine’s official announcement that it will restructure its foreign currency external debt to restore … Read more
The European Union funds the implementation of two hydrogen valleys in Ukraine’s Zakarpattia and Odesa regions, the state’s Hydrogen Council reports. Ukrainian Hydrogen Council notes that funds from the EU will be directed to research into the production of green hydrogen in the Zakarpattia and Odesa regions. According to preliminary estimates, at least 220,000 tons … Read more