Ukraine’s international reserves increased to $31.6 billion dollars as of September 1, thus reaching a nine-year high, the press service of the National Bank of Ukraine (NBU) has reported. “As of September 1, 2021, Ukraine’s international reserves, according to tentative data, amounted to $31.615 billion,” the statement said. This is a record amount of reserves … Read more
The Verkhovna Rada passed the law №3637 “On Virtual Assets.” The document was supported in the second reading by 276 people’s deputies. “The purpose of the Law is to comprehensively regulate the relations arising from the creation, release, and circulation of virtual assets, in particular, concluding and executing transactions with them, as well as ensuring … Read more
The Verkhovna Rada, Ukraine’s parliament, has adopted amendments to the law “On Industrial Parks” aimed at attracting investment in the industrial sector of the economy by introducing incentives in industrial parks. According to an Ukrinform correspondent, 290 MPs voted for a respective bill, No. 4416-1, at its second reading. According to the explanatory note, the … Read more
Reform of the coal industry and the gradual abandonment of thermal generation are important factors contributing to decarbonization and climate neutrality. This was stated by Minister of Energy of Ukraine German Galushchenko who had a meeting with British Ambassador to Ukraine Melinda Simmons, Ukrinform reports with reference to the ministry’s press service. “Decarbonisation is one … Read more
The Ukrainian Startup Fund has already financed almost 200 projects to the tune of $5 million. “In the course of its operation, the Ukrainian Startup Fund, which is subordinated to the Ministry of Finance, has received more than 3,000 applications. Following the selection and evaluation by relevant experts, almost 200 startups were funded to the … Read more
The most popular type of ice cream among Ukrainians is classic ice cream. Second place in popularity is taken by popsicles. In the first five months of this year, ice cream production in Ukraine increased by 3% to 61,600 liters. This was reported in the State Food and Consumer Service. “It’s great that Ukrainian producers … Read more
Ukraine and Canada are preparing a large-scale project involving the production of modified An-74TK-200 aircraft for international markets, the press service of Ukraine’s state defense conglomerate Ukroboronprom has said. “Antonov and the Quebec government are ready to facilitate the signing of an agreement between the Ministry for Strategic Industries of Ukraine, the Ukroboronprom State Concern … Read more
In London, Mykhailo Fedorov, Deputy Prime Minister – Minister of Digital Transformation of Ukraine, and Liam Maxwell, Director of Government Transformation at Amazon Web Services, signed a document that will accelerate digital transformation and innovation in Ukraine. “Thanks to the signed document, educational institutions will be able to join the AWS Academy and teach Ukrainian … Read more
Director General of Motor Sich Vyacheslav Bohuslayev says that $100 million, which he borrowed, should be repaid to Chinese investors by 2026. “The ‘Chinese problem’ is on the Foreign Minister’s table. It is not my problem. I have one problem: to repay the debt. We got a $100 million loan from China and it needs … Read more
On July 6, the automated system of enforcement proceedings has been fully operational, which will allow the seizure of funds in the bank accounts of Ukrainian debtors automatically. Previously, in order to write off debts from debtors, the executive service first had to find money in accounts, sending inquiries to all Ukrainian banks. Banks often … Read more