Oleg Gorokhovskyi, the co-founder of the most popular mobile-only bank in Ukraine monobank, announced the launch of its Polish product called stereo. It will have many similar features that monobank has, like free of any fees payments and opening banking accounts remotely. AIN.Capital shares the details about stereo project. stereo is a new mobile-only bank that … Read more
The State Property Fund of Ukraine (SPFU) has sold the Ust-Danube seaport at auction for UAH 201 million ($5.5 million), the agency reported on Jan. 17. The starting price increased by more than three times from UAH 60 million ($1.6 million). The Elixir Ukraine company, owned by Valeriy Vikhrenko, purchased the lot. According to the fund, eight … Read more
The Ukrainian parliament has passed the Bill №4366, which establishes digital payments taxation rules, Ukrainian MP Yaroslav Zheleznyak announced via a Telegram post on Jan. 12. The decision was supported by 231 out of 418 sitting MPs. The bill would legalize and regulate digital currency operations in Ukraine, establishing parity between digital wallets and ordinary … Read more
Ukroboronprom state concern has set up mass production of 82mm mortar shells abroad, at the facilities of one of the NATO member countries, the press service reports. “It is noteworthy that the mine improved by Ukroboronprom is many times better than the standard mine. The number of deadly fragments recorded during tests on the target … Read more
Ajax Systems, the Ukrainian developer and manufacturer of professional security systems, launched its first factory abroad in May 2022. It is located in Istanbul, Turkey. On October 1, 2022, the factory produced its first Ajax device labeled “Made in Turkey. Designed in Ukraine”. The company shows how the factory is working in a short video.
Kyiv’s plans to lower VAT rate will not affect Ukraine’s integration into the EU, deputy head of the Presidential Office for Economic Affairs, Rostyslav Shurma, said at the Ukraine Economic Outlook conference on Jan. 10. According to Shurma, Ukraine has two options on how to comply with EU requirements for a minimum value-added tax rate … Read more
80% of Ukraine’s wind power generation capacity has been knocked out of order or captured, Ukrainian deputy energy minister Yaroslav Demchenkov said in an article for Ukrainian business publication Ekonomichna Pravda. According to the official, as of Feb. 24, 2022, the total capacity of Ukrainian wind power plants (excluding the temporarily occupied territories of Donbas … Read more
The state rail company Ukrzaliznytsia transported 150.58 million tons of cargo, according to operational data for 2022, which is 52.1% less than in 2021, RAIL.insider reported on Jan. 5. The results of the year were discussed during an online meeting of Ukrzaliznytsia with participants in the agricultural transportation market on Jan. 5. “Cargo transportation almost halved in … Read more
The Ukrainian government has simplified rules for importing civil and dual-use drones, removing requirements for additional documents and certificates – including end-user warranty letters – Ukraine’s Economy Minister Yulia Svyrydenko said in a Facebook post on Jan. 3. According to the minister, all the necessary paperwork can now be performed at customs, by submitting a … Read more
The Cabinet of Ministers is considering building a decentralized energy system that will become less vulnerable to russian shelling. It is, in particular, about the construction of mini-power plants and small generation facilities. Prime Minister Denys Shmyhal announced this during the government meeting on January 3. Shmyhal also noted that it is about the creation … Read more