Ukrainian no longer enjoy preferential treatment for the import of generators and Starlink systems as they expire on May 1, the State Customs Service reports. Value added tax (VAT) and import duties will be charged again for goods such as power generators, inverters, and other equipment, as well as systems providing satellite Internet access. The taxation … Read more
The National Bank of Ukraine has issued eight licenses for the provision of financial payment services, according to an update posted on the regulator’s website on April 28. Notably, state-owned postal service operator Ukrposhta and NovaPay (part of the Nova Poshta) both received licenses. The following are now included in the Register of Payment Infrastructure: … Read more
Ukraine’s Foreign Ministry sent notes to the Embassy of the Republic of Poland in Ukraine and the EU representation in Ukraine on April 28 decrying the “categorical unacceptability of the situation regarding trade restrictions on the import of Ukrainian agricultural products.” Foreign Ministry spokesperson Oleh Nikolenko wrote on Facebook on April 29 that such restrictions on Ukrainian … Read more
The European Commission has reached an agreement with Bulgaria, Hungary, Poland, Romania, and Slovakia to resolve the crisis of Ukrainian agricultural imports driving down domestic prices, European Commission Vice-President Valdis Dombrovskis said in a Twitter post on April 28. The agreement comes after two weeks of negotiations, following Poland and nearby countries introducing bans on imports of … Read more
The International Development Association (IDA) is expanding its support package for Ukraine and creating a separate fund with the ability to multiply the money raised, Finance Minister Serhiy Marchenko said in an interview with Interfax-Ukraine on April 28. “In the near future, the fund will be announced, its name is SPURR, and the total size is $2 … Read more
The National Bank of Ukraine (NBU) has improved its economic growth forecast for 2023, from 0.3% to 2.0%, in view of the rapid recovery of the energy system and loose fiscal policy, the NBU’s press service reported on April 27. “Already this year, the economy will return to growth, which will accelerate in the coming years on the … Read more
The National Bank of Ukraine (NBU) has revised its 2023 inflation forecast from 18.7% to 14.8%, stating that inflation will drop and return to a single-digit figure in the next years, the NBU’s press service reported on April 27. “Inflation will continue to decelerate, including due to lower global energy prices, restrained domestic demand, and the effect of the … Read more
Ukrainian pilots and air traffic controllers are training on simulators and attending specialized schools in France, ready to resume flights once Ukrainian airspace reopens for civil aviation, French Transport Minister Clement Beaune said in an interview with Ukrainian Pravda on April 27. During negotiations in Kyiv, Ukraine and France agreed to expand their cooperation in the field … Read more
The European Commission may ban the import of five agricultural products from Ukraine until the end of the year, Ukrinform quoted EU Agriculture Commissioner Janusz Wojciechowski as saying on April 25. The list will include corn, wheat, rapeseed, sunflower, and sunflower oil, he said. “We’re very close to a good deal, which provides for a temporary ban on five … Read more
BRAVE1, a single coordination platform in defense tech, was launched in Ukraine. The cluster aims to supply and transfer advanced Ukrainian technological solutions and comprehensive support of Ukrainian developers. BRAVE1 is created to provide a technological advantage over the opponent. Government officials claim that the cluster will transfer advanced Ukrainian solutions to the frontline, comprehensively … Read more