The Cabinet of Ministers of Ukraine will adopt a roadmap for the gradual liberalization of gas and electricity markets with a clear plan for its implementation for the period after martial law. “Once the war winds down, the reform agenda in the energy sector will, inter alia, require restoring and enhancing competition in wholesale and … Read more
The State Property Fund (SPFU) is preparing to privatize the PentoPak plant, which Ukraine confiscated from Russian-Greek oligarch Ivan Savvidi for supporting Russian aggression. “I am sure that the lot will be interesting for investors. After all, this is a ready-made business that is in the rapidly developing Ukrainian food industry,” stressed the head of … Read more
An agreement has been signed with U.S. tech company Palantir to employ artificial intelligence in Ukraine’s humanitarian demining efforts, the Economy Ministry reported on March 3. Over 270 Ukrainians, including 14 children, have been killed by mines and other explosives since the start of the full-scale invasion. “Demining is the zero stage of Ukraine’s recovery. … Read more
In order to improve payments for electricity by industrial consumers, it is important for the government to determine the list of critical consumers and the conditions for providing them with the resources, among which there may be restrictions on the free disposal of funds, says the advisor to the prime minister of Ukraine, member of … Read more
The procedure for maintaining a list of electronic identification schemes and wallets with digital identification, approved by the Cabinet of Ministers, allows for the introduction of new means of electronic identification with different levels of trust and brings Ukraine closer to the implementation of the European digital wallet. “The government adopted a resolution for the … Read more
The government will expand the list of goods and equipment, during public procurement of which preference is given to those where there is a certain level of localization of production in Ukraine, Prime Minister Denys Shmyhal said at the Made in Ukraine forum in Kyiv on Monday. “We plan to use a number of tools … Read more
The Cabinet of Ministers is considering a plan to increase budget revenues by 0.5% of GDP, which Ukraine must present within the IMF program. To that end, the government plans to introduce additional taxation in the form of a 0.1% military levy on the profit of enterprises and income of private enterprises, 1.5% on the … Read more
The Cabinet of Ministers of Ukraine appealed to the National Bank of Ukraine (NBU) with a request to allow the sale of currency to large Ukrainian companies and holdings and its further transfer for settlements on eurobonds and with Western creditors. The corresponding applications for individual permits for cross-border transfers of currency values are formalized … Read more
The government approved on Feb. 1 a resolution to process defense procurement in the competitive procedure of the Prozorro system, among other steps aimed at improving the efficiency of defense production. Prozorro is Ukraine’s electronic public procurement system, designed to increase transparency and competition in the bidding process. Launched in 2016, it is designed to … Read more
Ukrainian government and business representatives have agreed to establish a business support council, which will include heads of Ukraine’s prominent companies, President Volodymyr Zelensky announced on Jan. 23. The move follows the recent detention of influential investment banker Ihor Mazepa, perceived by some as an escalation of law enforcement pressure on businesses. Mazepa is suspected … Read more