Ukraine among top three countries in terms of virtual assets’ use

Ukraine has entered the top three countries in terms of virtual assets’ use. Deputy Prime Minister – Minister of Digital Transformation Mykhailo Fedorov said this in a Telegram post. According to Fedorov, these are the finding of a latest study published today by the blockchain analysis firm Chainalysis. The team of the Digital Transformation Ministry works a … Read more

Ministry of Infrastructure considers Lviv airport as first to resume work in presence of security guarantees

Technically, it will take up to two weeks for airports to reopen in Ukraine, but in practice this can be done only with guaranteed security, Infrastructure Minister Oleksandr Kubrakov has said. “We consider the Lviv airport as the first airport. I hope that, as it was with the Black Sea Grain Initiative, when we receive … Read more

Intl reserves enough to fix hryvnia exchange rate at current level – NBU

A one-time correction of the hryvnia official exchange rate and additional measures taken by the NBU to ease the depreciation pressure helped reduce imbalances on the FX market and, coupled with large amounts of international financial assistance, this allowed increasing international reserves, the central bank has said. “Ukraine’s international reserves are sufficient to keep the … Read more

Ukraine and EU sign several bilateral agreements

Several critical bilateral documents were signed on the sidelines of the 8th EU-Ukraine Association Council meeting in Brussels. Deputy Prime Minister, Minister of Digital Transformation, Mykhailo Fedorov, and EU Commissioner for Internal Market Thierry Breton signed the agreement on Ukraine’s participation in the European Union’s Digital Europe Programme (2021-2027). The document will ensure Ukraine’s participation … Read more

Ukraine and Poland will jointly develop pipeline project to transport vegetable oils

Ukraine and Poland will develop a pipeline construction project for transporting vegetable oil from Ukraine to the Polish port of Gdańsk The Chancellory of the Prime Minister of Poland announced it, wnp.pl reports. As noted by the Polish administration, both countries will create a working group presenting options for project localization. According to the office, … Read more

Ukraine counts on support for start of joining OECD during its Council’s Sept meeting – Shmyhal

Ukraine is counting on support for the start of the procedure for joining the OECD during the September meeting of the Council of the Organization, Prime Minister of Ukraine Denys Shmyhal has said. “Ukraine’s goal is to gain full membership both in the European Union and in the Organization for Economic Cooperation and Development. This … Read more

First intl exchange of financial account information scheduled for Sept 2024 – Finance Ministry

On August 19 this year, the State Tax Service, as the competent authority of Ukraine, joined the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (the CRS MCAA), the Ministry of Finance announced on its website. “The first exchange of information is scheduled for September 2024 for the 2023 calendar year. The … Read more

Most Ukrainian IT companies not planning to close their business

More than 50% of IT companies in Ukraine have not relocated and switched to remote work. Some companies have partially returned to office work. That’s according to the IT Ukraine association. According to a study entitled “Relocation. The new IT landscape of Ukraine,” 25% of surveyed IT companies have not relocated and continued to work remotely. … Read more