The volume of IT exports in May 2023 grew by 9.5% compared to April, but it remains lower than last year’s figures, the Lviv IT Cluster reported on July 3, referring to data from the National Bank of Ukraine. Ukraine’s IT exports amounted to $2.8 billion in the first five months of 2023. Thus, export … Read more
Businesses have once again evaluated their current performance positively for the third consecutive month, as reported in the Business Activity Expectations Index by the National Bank of Ukraine (NBU) on July 3. In June, the business climate index remained above the neutral level of 50 points, rising to 50.8 compared to 50.5 in May. Positive … Read more
RegioJet, a private Czech railway company, has announced its intention to establish two direct train routes from Ukraine to Germany, the company’s founder, Radim Jančura, revealed during an interview with Forbes Ukraine on June 3. Scheduled to begin in 2024, the company plans to offer direct journeys from Kyiv to both Berlin and Hanover. “In … Read more
Starting Oct. 1, manufacturers and importers of non-food products in Ukraine will no longer be required to obtain a Conclusion of the State Sanitary and Epidemiological Examination, a permit document issued by the Ukrainian authorities. The removal of this permit was included in a new law on public health systems, No. 2573-IX. According to the … Read more
Ukraine’s Agency for the Prevention of Corruption has added the British corporation Unilever to the list of international sponsors of the war. The company owns more than 400 brands, including Domestos, Axe, Rexona, Dove, and CLEAR. The company’s enterprises still operate in Russia, where they pay taxes, contributing to the war against Ukraine. Unilever employs … Read more
The international vertically integrated pipe and wheel company Interpipe in January-March of this year increased its net profit 2.6 times compared to the same period last year, to $57.142 million from $21.779 million. According to the company’s interim report on operating and financial results for the first three months of 2023, pre-tax profit was $74.448 … Read more
JV Nibulon LLC (Mykolaiv), one of the largest operators in the grain market of Ukraine, has attracted EUR 27 million from the Export Investment Fund of Denmark (EIFO) to increase the capacity of the Besarabsky branch in Izmail, where a granary and a flour mill will be built, the company’s press service reported on Facebook. … Read more
The Verkhovna Rada adopted in the final reading bill No. 9011-d on amendments to certain laws regarding the restoration and green transformation of the power system of Ukraine. The bill was supported by 279 MPs at the plenary session on Friday, MP Oleksiy Honcharenko has said. The bill, in particular, provides for guarantees of the … Read more
Ukrainian President Volodymyr Zelenskyy has signed a decree establishing a separate court for the protection of investors’ rights and assets in the country, according to a message on the president’s website on June 30. The decision to form this court was made by Ukraine’s National Security and Defense Council on June 23. The council, in … Read more
The Verkhovna Rada of Ukraine has abolished the 2% single tax from August 1, member of the Holos faction Yaroslav Zhelezniak said. Particularly, 239 MPs voted for bill No. 8401 [based on the program with the International Monetary Fund] on the abolition of the 2% single tax at the plenary session of the Verkhovna Rada … Read more