The State Property Fund of Ukraine (SPFU) has sold the Ust-Danube seaport at auction for UAH 201 million ($5.5 million), the agency reported on Jan. 17. The starting price increased by more than three times from UAH 60 million ($1.6 million). The Elixir Ukraine company, owned by Valeriy Vikhrenko, purchased the lot. According to the fund, eight … Read more
Supernova Airlines, part of the Nova Poshta group of companies, received a Ukrainian air operator certificate on January 6, which makes it possible to start cargo flights, the Nova Poshta press service reported. “We are the first Ukrainian carrier that was able to fulfill all the requirements and received an air operator’s certificate in the … Read more
Fixing the hryvnia exchange rate has been and remains the main factor in keeping inflation under control, but this was achieved through a set of steps, including raising the key policy rate to 25%, Director of the NBU’s Monetary Policy and Economic Analysis Department Volodymyr Lepushinsky has said. “Controlled inflation, which at the end of … Read more
The Verkhovna Rada adopted law No. 8079 with 303 votes, out of the required 226, banning the gambling business from working under the simplified taxation system. “In the final version, it comes into force immediately, and from the next day the entire gambling business will switch to the full rate of taxation. So, guys, do … Read more
The Ukrainian parliament has passed the Bill №4366, which establishes digital payments taxation rules, Ukrainian MP Yaroslav Zheleznyak announced via a Telegram post on Jan. 12. The decision was supported by 231 out of 418 sitting MPs. The bill would legalize and regulate digital currency operations in Ukraine, establishing parity between digital wallets and ordinary … Read more
Ukroboronprom state concern has set up mass production of 82mm mortar shells abroad, at the facilities of one of the NATO member countries, the press service reports. “It is noteworthy that the mine improved by Ukroboronprom is many times better than the standard mine. The number of deadly fragments recorded during tests on the target … Read more
Ajax Systems, the Ukrainian developer and manufacturer of professional security systems, launched its first factory abroad in May 2022. It is located in Istanbul, Turkey. On October 1, 2022, the factory produced its first Ajax device labeled “Made in Turkey. Designed in Ukraine”. The company shows how the factory is working in a short video.
Kernel has signed an agreement with its creditors, in particular with Natixis, ING, the EBRD and the EIB, on the release from redemption until June 30, 2023, of two tranches of guaranteed bonds of $300 million each with a rate of 6.5% and a term of repayment in 2024 and 2027, respectively. The holding reported … Read more
Kyiv’s plans to lower VAT rate will not affect Ukraine’s integration into the EU, deputy head of the Presidential Office for Economic Affairs, Rostyslav Shurma, said at the Ukraine Economic Outlook conference on Jan. 10. According to Shurma, Ukraine has two options on how to comply with EU requirements for a minimum value-added tax rate … Read more
The total direct damage caused to the agricultural industry of Ukraine due to the full-scale Russian invasion amounted to $9.3-9.8 billion by the end of 2022. As reported on the website of the National Academy of Agrarian Sciences of Ukraine (NAAS), this figure includes damage from the blockade of Ukrainian seaports and forced changes in … Read more