In January 2024, Ukrainian banks produced ₴16.7B in net profit, ₴2.068B or 14% more than in January 2023. Net profit increased despite the increase in the tax rate: In January 2023, banks paid 18% tax, but beginning January 1, the tax rate increased to 25%. Banks increased their tax contributions from ₴2.275B to ₴3.698B but … Read more
Ukrposhta may become the first state-owned company to privatize a portion of its ownership shares, the company’s GM, Ihor Smilyanskyi, said. According to him, to begin with, the entity may sell 20-25% of its shares. He noted that since Ukrposhta is already a joint-stock company, the state can sell 100% of its shares at any … Read more
Ukraine has failed to attract funds under the EU Connecting Europe Facility (CEF) program for the construction of the Mostyska – Sknyliv railway section from the state border with Poland to Lviv said the chairman of the board of Ukrainian Railways (UZ), Yevhen Lyashchenko. Currently, USAID is studying the possibility of financing 50% of the … Read more
Ukraine has become the 20th member of The Cairns Group, created within the World Trade Organization (WTO) and uniting countries that advocate greater liberalization of international trade in agricultural products. As stated in a report on the group’s website, this decision was made by the ministers of the Cairns Group at the 43rd meeting in … Read more
The Czech railway operator RegioJet on Tuesday carried out a test trip on the route Košice (Slovakia) – Chop (Ukraine), photos of the company’s train at the Chop station appeared on railway forums. An Interfax-Ukraine source in the company confirmed that a test trip of a RegioJet train on the Košice-Chop route took place on … Read more
However, the €50B EU program will receive final approval in April. “The regulations for disbursement of funds under the EU program contain final conditions, which will be approved by the government in March and submitted for consideration by the EC,” noted the Minister of Economy of Ukraine, Yulia Svyridenko. The Minister of Finance of Ukraine, … Read more
The procedure for maintaining a list of electronic identification schemes and wallets with digital identification, approved by the Cabinet of Ministers, allows for the introduction of new means of electronic identification with different levels of trust and brings Ukraine closer to the implementation of the European digital wallet. “The government adopted a resolution for the … Read more
The commissioning of housing in Ukraine at the end of 2023 grew by 3.8% compared to 2022, to 7.381 million square meters, reported the State Statistics Service. According to the report, 4.277 million square meters of housing were put into operation in cities in 2023, which is 10% lower than the previous year. In rural … Read more
Most orders are private investments, as farming and agricultural companies have seen the prospect of developing the domestic market amid increasing domestic consumer spending. In part, the development of domestic consumption is related to problems with the transportation of vegetables abroad and the blocking of borders with Western countries by local farmers. That is why … Read more
Unlocking frozen Russian Central Bank assets and diverting those funds to aid Ukraine is “necessary and urgent,” U.S. Treasury Secretary Janet Yellen told global finance leaders at the Group of 20 (G20) summit in Sao Paulo, Brazil on Feb. 27. Western countries and other partners immobilized around $300 billion of the Russian Central Bank’s assetsat … Read more