From June 1, Ukraine will launch an electronic logging ticket and a certificate of wood origin. Yuriy Bolokhovets, the general director of the “Lisy Ukrainy” [Forests of Ukraine – ed.] State Enterprise, reported this on Facebook. “The government adopted a resolution on launching an electronic logging ticket and a certificate of wood origin. Our State … Read more
The USAID Competitive Economy Program has launched a grant program to create and support associations of enterprises in export alliances with a total funding of $1.5 million, the Ministry of Economy reported on May 12. The program is designed to support businesses that seek to jointly promote their products in international markets. “Given the blocking of Ukrainian exports and … Read more
The growth of consumer prices in Ukraine in April 2023 slowed down to 0.2% from 1.5% in March, while 0.7% in February and 0.8% in January, the State Statistics Service has said on Wednesday. However, inflation of 3.1% was recorded in April 2022, therefore, year-on-year, in April 2023, it decreased to 17.9% from 21.3% in … Read more
Inflation in Ukraine was 0.2% In April 2023, down from 1.5% in March, 0.7% in February, and 0.8% in January, according to an express report by the State Statistics Service published on May 10. The core inflation rate also fell to 0.5% in April, down from 1.5% in March, returning to February’s level. Compared to April last … Read more
The European Parliament has given the green light to suspending EU import duties on Ukrainian exports of agricultural products for another year to support the country’s economy, the agency said in a press release on May 9. The relevant decision was backed by 537 MEPs, with 42 against and 38 abstentions. According to EU officials, the suspension … Read more
The European Parliament has voted to extend duty-free trade with Ukraine for an additional year to provide support to the Ukrainian economy during Russia’s war. Radio Svoboda correspondent Rikard Jozwiak reported on Twitter that at the plenary session on May 9, parliamentarians supported continuing tariff-free trade with Ukraine by 537 votes in favor, while 42 … Read more
Since the beginning of Russia’s full-scale invasion, the number of newly registered companies in Ukraine has exceeded the number of businesses that have stopped working by 5.6 times. Rubryka reports, citing the data by the Opendatabot platform that works with open data about Ukrainian businesses and NGOs. Despite all the crises caused by hostilities and … Read more
Moldova is planning to join the European Union’s decision to restrict imports of agricultural products from Ukraine, the Moldovan Ministry of Agriculture reported on May 6. The European Commission banned the imports of four Ukrainian products to five EU countries on May 2, citing “severe logistical bottlenecks” in processing those goods. On May 6, Moldovan Agriculture Minister Vladimir Bolea informed his … Read more
President of Ukraine Volodymyr Zelenskyy has met with the management of the world’s largest asset management company BlackRock. “The parties discussed the details of the creation of an investment fund to restore the economy of Ukraine with the involvement of public and private capital,” the press service of the Office of the President said. Ukraine’s … Read more
The decline in Ukraine’s real GDP slowed to 13.5% in Q1 2023, against 31.4% and 30.6% in Q3 and Q4 2022, respectively, the National Bank of Ukraine (NBU) said in its April 2023 Inflation Report. However, according to the NBU, the economy will start recovering immediately, rising by 15.9% from Q2 2023, because of the low base of comparison … Read more