Digital excise stamps — a track and trace technology with digital markings — will be introduced in Ukraine for excisable goods, including for duty free goods, the country’s Ministry of Digital Transformation announced on Telegram on May 2. The measure is expected to be in effect as of March 1, 2025. Ukraine loses billions of hryvnias every … Read more
Broadcasting, Radiocommunications & Television Concern (BRTC) is ready to launch the nationwide Multiplex MX-7 digital broadcasting network, State Service of Special Communications and Information Protection of Ukraine (SSSCIP) reported on May 4. The VHF band broadcasting will cover over 90% of Ukraine, including Russian-occupied areas. It will also reach settlements near the Belarusian and Russian borders, the … Read more
Ukraine’s international reserves was USD 35.9 billion as of May 1, reaching the highest level in the past eleven years, the press office of the National Bank of Ukraine (NBU) wrote on May 4. Last time Ukraine’s international reserves were higher was in August 2011. The reserves volume increased in April by 13% because of the international support … Read more
The European Commission has suspended imports of four types of Ukrainianagricultural products to five EU countries, according to a May 2 press release. The measure entered into force on May 2 and will last until June 5, 2023. It is deemed necessary given the exceptional circumstances of serious logistical bottlenecks experienced in five member states – Bulgaria, Hungary, … Read more
Ukraine’s state energy operator Ukrenergo worked together with its Polish counterpart PSE to link the countries’ power grids with a 400-kilometer-long high-voltage transmission line, Ukrenergo said in a Facebook post on May 2. The interconnection has been operational since April 27 and successfully passed three days’ worth of testing. Ukrenergo emphasized that the cross-border power transmission line … Read more
Ukraine hasentered a stable disinflationary trend, suggesting further price declines are in the cards, National Bank Governor Andriy Pyshnyy told the We Are Ukraine TV channel on May 2, reported Ukrinform. “Prices will fall,” Pyshnyy stated. “The demand for [foreign] currency is decreasing. This is the result, among other things, of the NBU’s monetary policy, which … Read more
The European Commission on Tuesday adopted exceptional and temporary precautionary measures on imports of certain agricultural goods from Ukraine after pressure from five European Union member states, which blamed Ukrainian imports for the collapse of local prices. Sydorov writes about this with reference to the message of the European Commission. The import ban concerns four … Read more
The Cabinet of Ministers is launching the eCherha electronic system at 16 checkpoints in the western direction, Prime Minister Denys Shmyhal has said. “Ukraine is becoming closer to the EU logistically. At 16 checkpoints in the western direction, we are launching the eCherha electronic system. Since the end of last year, it has been successfully … Read more
For the first time in a year and a half, Ukrainian businesses are expecting their production to grow, according to the National Bank of Ukraine (NBU) monthly business activity expectations index (BAEI), published on May 1. BAEI went up from 49.5 in March to 51.5 in April, crossing the neutral level of 50 points, indicating positive … Read more
The National Bank of Ukraine (NBU) has developed a proposal to limit marginal interest rates for consumer loans, which would require amending existing regulations on consumer lending, the regulator said in a message on its website on May 1. NBU notes that setting marginal interest rates for microloans is a well-established practice in the UK, EU, and … Read more