Без категорії

Ukraine anti-corruption agency adds Chinese construction giant to list of international sponsors of war

by

The National Agency on Corruption Prevention (NAZK) has added the largest Chinese construction contractor in the Russian Federation, China State Construction Engineering Corporation (CSCEC), to the list of international sponsors of the war, the agency wrote on its website on March 30. NAZK said that CSCEC is implementing large investment projects in Russia. Its subsidiary, Kitaystroy, is … Read more

Ukraine to return to pre-war taxation and inspection rules, as under peacetime regulations – Hetmantsev

by

Ukraine plans to reinstate pre-war taxes, documentary tax audits, and fines from July 2023, the head of the parliamentary committee on finance, tax, and customs policy, Danylo Hetmantsev, said on Ukrainian national television on March 29, news agency Ukrinform reported. Hetmantsev said that on average, the state collects about UAH 80 billion ($3 billion)in taxes and fees … Read more

Ukraine’s State Property Fund plans to privatize confiscated assets of Russian stakeholders in 2023

by

The State Property Fund of Ukraine (SPFU) plans to privatize assets confiscated from their Russian stakeholders in Q2 or Q3 2023, SPFU head Rustem Umerov said in an interview with Forbes Ukraine on March 29. The Mykolayiv Alumina Plant, previously owned by Russian businessman Oleg Deripaska, as well as a share of the Ocean Plaza shopping mall … Read more

NBU refuses to tighten reserve requirements for corporate deposits

by

Members of the Monetary Policy Committee (MPC) of the National Bank of Ukraine (NBU) at a meeting on March 15 refused to tighten reserve requirements (RR) for corporate deposits, in particular, to equate the required reserve requirements for corporate deposits that have up to three months’ maturity to the requirements for corporate funds accumulated on … Read more

Reopening Ukraine’s airspace is essential to starting reconstruction – infrastructure deputy minister

by

The Ministry for Communities, Territories, and Infrastructure of Ukraine is already working on a strategy for developing aviation infrastructure. The Deputy Minister for Communities, Territories, and Infrastructure, Serhiy Derkach, announced this in a Rise Ukraine podcast on reconstruction. With the beginning of the full-scale invasion of russia, flights of civil aircraft over the airspace of … Read more

NBU recognizes reputation of shareholders of Sense Bank as faulty

by

The National Bank of Ukraine (NBU) recognized the faulty business reputation of the shareholders of Sense Bank (formerly Alfa-Bank), ABH Holdings S.A. (57.6006% stake in Sense Bank) and its subsidiaries ABH Ukraine Limited (42.3994%), which, unlike their beneficiaries Mikhail Fridman, Petr Aven and Andrey Kosogov, are not under sanctions. “In accordance with the decisions of … Read more

No more ‘dangerous’ money printing, says National Bank of Ukraine

by

Ukraine will no longer return to “dangerous” money printing to cover state expenses, National Bank of Ukraine (NBU) chair Andriy Pyshnyi confirmed to the Financial Times on March 26. An “open conflict” with the Ukrainian government on this matter was settled, Pyshnyi said. Printing of billions hryvnia last year “created huge risks for macro-financial stability,” although it … Read more

Tourist tax collection in Ukraine down 24% in 2022

by

In 2022, the year of Russia’s full-scale invasion, the tourist tax amounted to UAH 178.9 million ($5.4 million), which is 24% less in hryvnias than in 2021, the press service of the State Agency for Tourism Development reported on March 23. The total amount of tourist tax collected in 2021 was UAH 235.4 million ($8.63 million). … Read more

Ukraine prepares new concession projects in Odesa and Izmail seaports

by

Public-private partnerships in Ukrainian ports are poised to expand, as the Ukrainian government is preparing concession projects in Odesa and Izmail seaports, the head of Reform Support Team (RST) at Ukraine’s Infrastructure Ministry, Iryna Koshel-Repnevska, told Ukrainian news agency Interfax-Ukraine on March 23. “The only issue is investors and their interest in the implementation of … Read more