Several critical bilateral documents were signed on the sidelines of the 8th EU-Ukraine Association Council meeting in Brussels. Deputy Prime Minister, Minister of Digital Transformation, Mykhailo Fedorov, and EU Commissioner for Internal Market Thierry Breton signed the agreement on Ukraine’s participation in the European Union’s Digital Europe Programme (2021-2027). The document will ensure Ukraine’s participation … Read more
Ukraine and Poland will develop a pipeline construction project for transporting vegetable oil from Ukraine to the Polish port of Gdańsk The Chancellory of the Prime Minister of Poland announced it, wnp.pl reports. As noted by the Polish administration, both countries will create a working group presenting options for project localization. According to the office, … Read more
Ukraine is counting on support for the start of the procedure for joining the OECD during the September meeting of the Council of the Organization, Prime Minister of Ukraine Denys Shmyhal has said. “Ukraine’s goal is to gain full membership both in the European Union and in the Organization for Economic Cooperation and Development. This … Read more
The international rating agency Fitch Ratings has upgraded Private Joint Stock Company National Power Company Ukrenergo’s (Ukrenergo) state- guaranteed notes’ senior unsecured rating to ‘CC’ from ‘C’ following the restructuring of its $825 million bonds. “The notes’ Recovery Rating remains unchanged at ‘RR4.’ The upgrade follows the restructuring of Ukraine’s debt. Fitch has also assigned … Read more
On August 19 this year, the State Tax Service, as the competent authority of Ukraine, joined the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (the CRS MCAA), the Ministry of Finance announced on its website. “The first exchange of information is scheduled for September 2024 for the 2023 calendar year. The … Read more
More than 50% of IT companies in Ukraine have not relocated and switched to remote work. Some companies have partially returned to office work. That’s according to the IT Ukraine association. According to a study entitled “Relocation. The new IT landscape of Ukraine,” 25% of surveyed IT companies have not relocated and continued to work remotely. … Read more
From September 1, 2022, Ukrainian transport companies will be able to enter the Republic of Moldova under the new simplified rules. The relevant statement was made by the Ukrainian Infrastructure Ministry on Facebook. “From September 1, 2022, Ukrainian carriers will be able to enter the Republic of Moldova under the new simplified rules. The team of … Read more
As of August 25, 2022, Ukrainian agricultural producers harvested 25.3 million tonnes of grain. The relevant statement was made by the Ukrainian Agrarian Policy and Food Ministry. In particular, Ukrainian farmers have already threshed 18.8 million tonnes of wheat from 4.6 million hectares (98% of the projected area) with a yielding capacity of 40.8 quintals per hectare … Read more
Ukraine will receive “a customs visa-free regime” as early as 2022, Prime Minister Denys Shmyhal has said. “Ukraine will receive ‘a customs visa-free’ this year! Yesterday, the Joint Committee of the Conventions on Joint Transit and Facilitation made an official decision to invite Ukraine to join them from October 1. Ukraine will become the 36th … Read more
Fitch Ratings has upgraded Ukraine’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CC’ from ‘RD’ (restricted default). “The upgrade of Ukraine’s LTFC IDR to ‘CC’ follows the execution of consent solicitation on 11 August to restructure external debt, which we deem constitutes completion of a distressed debt exchange (DDE), curing the ‘restricted default,” Fitch … Read more