Official: Ukrainian energy system has merged with European one

Ukraine has become part of the European Union’s Energy Union, meaning that it has joined the European ENTSO-E energy network, President Volodymyr Zelenskyy of Ukraine wrote on Twitter . The unification of the Ukrainian and European energy systems has been completed,” the President of Ukraine wrote. This means that now Ukrainian electricity flows to Europe … Read more

Govt expands functions of government commissioner for investments

The Cabinet of Ministers has expanded the functions of the Government Commissioner for Investments. In particular, according to Decree No. 288 of March 16, the title of the position sounds like the Government Commissioner for investments, attraction of financial assistance under martial law, formation of an economic recovery and transformation fund, a fund for supporting … Read more

Biden signs a bill to allocate $13.6 billion to Ukraine and its allies

US President Joe Biden has signed a legislative initiative previously approved by Congress, which provides for the allocation of $13.6 billion as an emergency response to Russia’s aggression against Ukraine. He announced this on Tuesday on the official Twitter page. “I have just signed a bipartisan bill on government funding that has left the government … Read more

Rada adopts bill on increasing royalty for gas production

The Verkhovna Rada adopted bill No. 7038-d on increasing the royalty for gas production during martial law and the state of emergency, MP Yaroslav Zhelezniak (the Holos parliamentary faction) has said. “No. 7038-d – an increase in the royalty for gas production during martial law and a state of emergency,” the MP said, mentioning the … Read more

Rada supports creation of backup copies of public information resources

At a plenary session on Tuesday, the Verkhovna Rada supported bill No. 7152 on the introduction of amendments to certain laws of Ukraine regarding the functioning of information and communication systems, public electronic registers. A total of 345 MPs backed the document with the necessary 226 votes. According to an explanatory note to the document, … Read more

Zelensky announces tax reform: 2% of turnover, simplified accounting, voluntary single tax, no checks

The Ukrainian government has agreed on draft decisions to support the Ukrainian economy in an effort to maintain the operation of businesses and employment in places where security permits that, President of Ukraine Volodymyr Zelensky said. “First, we are starting tax reform: instead of VAT and the income tax, we are giving a rate of … Read more

Govt repeatedly expands list of critical imports, including fertilizers, agricultural machinery, pistols

Transportation of passengers and cargo, Internet communications, barley, rape seeds, various types of fertilizers, agricultural machinery, pistols and sports smooth-bore and rifled firearms are new items included in the list of critical imports of Ukraine. Resolution No. 211 dated March 6, resolution No. 219 dated March 7 and resolution No. 226 dated March 8 were … Read more

Despite the war, 52% of companies in Ukraine continue to operate

Despite a full-scale war, only 1% of companies in Ukraine plan to close their businesses. This is evidenced by the results of a survey by the European Business Association (an association of foreign, European, and domestic business in Ukraine), Rubryka reports. It was held among the member companies of the associations. 17% reported they work … Read more

Ukraine suspends export of meat, corn, oats, buckwheat, sugar, millet, salt

The government of Ukraine has introduced zero quotas for exports subject to licensing in 2022 of corn, oats, buckwheat, millet, sugar and salt suitable for human consumption, according to government resolution No. 207 dated March 5, published on the government website on Sunday. According to the amendments he made to resolution No. 1424 on the … Read more

Ukraine introduces licensing of exports of wheat, corn, poultry, chicken eggs, sunflower oil

Ukraine has expanded the list of goods, the export permit for which will be issued by the Economy Ministry, by five positions: from now on, the export of wheat, corn, poultry meat, chicken eggs and sunflower oil is subject to licensing. Кelevant resolution No. 207, expanding the list of exports and imports subject to licensing … Read more