European Parliament agrees to extend duty-free trade regime for Ukraine with amendments

The European Parliament supported the proposal of the European Commission to extend the liberalization of the trade regime with Ukraine until June 5, 2025. On Wednesday, 347 MEPs voted for this decision, 117 were against, and another 99 abstained. The adopted decision provides for the extension of the temporary suspension of import duties and quotas … Read more

Epicenter preparing to launch fourth production line at ceramic tiles plant in Kyiv region

The Epicenter group of companies is preparing to launch the fourth production line at the ceramic tile plant in Kalynivka (Kyiv region), said Dmytro Kysylevsky, deputy chairman of the parliamentary committee on economic development. “In the coming weeks, the ceramic tile plant will launch a fourth production line. It has been installed, and debugging work … Read more

UKRAINE’S ANTIMONOPOLY COMMITTEE HAS REVEALED GROUNDS FOR BANNING ACQUISITION OF MOBILE OPERATOR LIFECELL BY FRENCH NJJ

The Antimonopoly Committee of Ukraine (AMCU) has identified grounds for banning the acquisition of control over lifecell group by French billionaire Xavier Niel’s DVL Telecom, a member of NJJ group. In particular, the antitrust agency believes that it is necessary to check the relationship of control of lifecell itself and the parent company Turkcell with … Read more

Moody’s updated its forecast for the largest Ukrainian banks

International rating agency Moody’s confirmed the long-term and short-term ratings of Privatbank, Oschadbank, Ukreximbank, Raiffeisen Bank, Taskombank, Vostok and Pivdenny banks in hryvnia and foreign currency at Caa3/NP. The agency also improved the outlook for long-term deposit ratings for all specified banks from negative to stable. “The confirmation of the long-term ratings of the banks … Read more

Poland wants to achieve bilateral agreement on rules for movement of goods with Ukraine

The European Commission has agreed to bilateral agreement between Poland and Ukraine on rules related to the movement of goods, including agricultural products, said Minister of Agriculture and Rural Development Czesław Siekierski. “We want to achieve bilateral agreement on the rules related to the movement of goods, including agricultural products. We have some agreement on … Read more

Foreign Ministry confirms Zara, other fashion brands to return to Ukraine

Ukraine’s Foreign Ministry announced on March 8 that Spanish Inditex, a multinational clothing company, is preparing to reopen its stores in Ukraine following the two-year closure amid Russia’s full-scale invasion. The statement came after the Financial Times’s reports about the plans of Zara, Bershka, Pull & Bear, Stradivarius, Uterque, Oysho, and Massimo Dutti brands owner … Read more

Ukraine signs agreement with Turkey simplifying bilateral trade

Ukraine and Turkey signed a bilateral agreement on establishing an electronic preliminary information exchange system regarding goods and vehicles moved between the two states, the President’s Office’s press service reported on March 8. Ukraine’s Defense Minister Rustem Umerov and Turkish Trade Minister Omer Bolat signed the document after the meeting of President Volodymyr Zelensky and … Read more

Poland expects to reach mutually beneficial agreement with Ukraine – negotiations between agricultural ministers

The need to quickly resolve problems in mutual trade relations between Ukraine and Poland was discussed on Thursday at an online meeting by Minister of Agriculture and Rural Development Czesław Siekierski and Minister of Agrarian Policy and Food of Ukraine Mykola Solsky. “The Polish side expects to reach an agreement with the Ukrainian side, which … Read more