Banks will lose at least 20% of their loan portfolio due to the war, but more than half of the top 20 banks will retain their operating profit, Deputy Governor of the National Bank of Ukraine Serhiy Nikolaychuk said. “According to our estimates, banks will lose more than 20% of their loan portfolio due to … Read more
The Verkhovna Rada of Ukraine has approved the decision to restore customs duties and value-added tax (VAT) on imported goods, including vehicles, from July 1, Deputy Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Yaroslav Zhelezniak said. Respective bill No. 7418 submitted by the government gained 234 votes of parliamentarians, while … Read more
The European Commission has agreed on the final text of a special agreement on the liberalization of road transport between Ukraine and the EU. As noted in a message on the official Facebook page of the Ministry of Infrastructure of Ukraine, the final consultations between the delegations of Ukraine and the European Commission were held … Read more
Private investor club ICLUB Global launches the ICLUB Online platform, allowing anyone to invest in startups together with Ukrainian fund TA Ventures and other club members. Access to the platform is free. The participant pays only two commissions on each investment: for management and for profit. The minimum investment amount in a startup is $10,000. … Read more
Regulation No. 2022/870 of the European Parliament and the Council on temporary trade liberalization measures, exempting Ukrainian exports from duties for a year, came into force on Saturday, the Ministry of Economy reported. “This decision complements the opportunities that our exporters have in accordance with the Association Agreement between Ukraine and the EU. Now the … Read more
Employees of Megabank, declared insolvent, prevent the Deposit Guarantee Fund from gaining control over the bank, head of the fund Svitlana Rekrut said. “As of 11:00, we record the obstruction of the fund’s access to the insolvent bank,” she said during a press briefing in Kyiv on Friday. However, Rekrut noted that regardless of the … Read more
The National Bank of Ukraine (NBU) raised the key policy rate from 10% to 25% per annum, according to a press release on the NBU website. “The Board of the National Bank of Ukraine has decided to raise the key policy rate to 25% per annum. Along with other measures, this resolute step aims to … Read more
NJSC Naftogaz Ukrainy has been tasked with becoming the so-called national operator in the oil products market in order to ensure fair market prices, Naftogaz Board Chairman Yuriy Vitrenko has said. “The idea is not that the state wants to monopolize this market. But now a powerful state player should appear in the market, in … Read more
Registration of tax invoices, interrupted at the beginning of the war, will resume on Friday, May 27, head of the parliamentary committee on finance, tax and customs policy Danylo Hetmantsev said. “Friends, tomorrow we are opening the registration of tax invoices. The system will operate in the pre-war regime with the reservations specified directly in … Read more
The National Bank of Ukraine (NBU) will keep the current fixed exchange rate for the time being, Deputy Governor of the NBU Yuriy Heletiy said. “For the time being, we keep everything as it is. A fixed exchange rate helps contain the rate of price growth and meet the needs of the economy, which is … Read more