Representatives of the Ukrainian tourism industry paid UAH 1.551 billion in taxes, which is almost 31% less than in 2021, when the budget received UAH 2.231 billion, the press service of the State Tourism Development Agency reported. “Despite the war, the tourism industry of Ukraine is working, but it needs support from Ukrainians more than … Read more
On March 10, President Volodymyr Zelenskyy enacted the decision of the National Security and Defense Council to impose economic sanctions for 50 years against 120 individuals and 287 legal entities, among which are betting companies, including Parimatch, which is registered in Ukraine. President Volodymyr Zelenskyy stated that this decision had been prepared for some time, … Read more
One of the world leaders, Danish transport and logistics company A.P. Moeller-Maersk AS, which stopped ship calls to Ukraine since February last year after a full-scale Russian invasion, resumed the delivery of customer cargo to the Ukrainian port of Reni from Constanta (Romania) by barge service, the company’s official website says. Development in Ukraine remains … Read more
State mail company Ukrposhta has launched a pilot project to equip mail carriers with electric bikes, the company’s head Ihor Smelyansky said in a post on Facebook on March 7. “At Ukrposhta, we’d like to have not only happy, but also modern postmen, so we’re launching a pilot project called ‘Mail Carriers on Electric Bikes,’” Smelyansky said. … Read more
The National Bank of Ukraine (NUB) has written and submitted to the Verkhovna Rada a bill, the adoption of which will allow the state to nationalize Sense Bank (formerly Alfa-Bank) of sanctioned Mikhail Fridman, Petr Aven and several other Russian shareholders, the Economic Pravda publication reported in Tuesday and published a corresponding letter to the … Read more
A year after the start of full-scale military operations of the Russian Federation on the territory of Ukraine, Ukrainian retailers have reopened 80% of outlets closed in March 2022, and the share of open stores today is 95%, according to a survey by the Association of Retailers of Ukraine. “According to the latest survey of … Read more
The Multilateral Investment Guarantee Agency (MIGA), under a joint project with the European Bank for Reconstruction and Development (EBRD), will provide state-owned Ukrgasbank, Ukreximbank and Oschadbank with a total of up to $10 million guarantees against the risk of non-payment of their obligations to the EBRD on funds received from it under the trade finance … Read more
The real gross domestic product (GDP) of Ukraine in 2023 will decrease by 0.1% with a spread of estimates from a decline of 4.6% to an increase of 5.5%, such a consensus forecast of eight companies and non-state institutions was published by the Center for Economic Strategy on Monday. According to a forecast involving Concorde … Read more
Ukraine and its partners have started negotiations to extend the Black Sea grain exports deal, hoping to ensure that Kyiv can continue to supply food to world markets despite Russia’s naval presence, Reuters reported on March 7. According to a senior source in the Ukrainian government, Ukraine didn’t negotiate with Russia, which blockaded Ukrainian Black … Read more
Fitch Ratings has downgraded DTEK Renewables B.V.’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to ‘Restricted Default’ (RD) from ‘C’, following the company’s disclosure of the result of its tender offer. Fitch has simultaneously upgraded the IDRs to ‘CC’, reflecting DTEK Renewables’ post-restructuring profile with continuing high default risk. Fitch regards DTEK Renewables’ tender … Read more