Economy

Verkhovna Rada amends law on concession

Verkhovna Rada amends law on concession

The Verkhovna Rada of Ukraine approved at second reading and as a whole the bill on postponing the introduction of the Electronic Trading System (ETS) for concession tenders until September 1, 2021.

01 December 2020

30 November 2020

Ukrzaliznytsia joins First Lady's 'Business without Barriers' initiative

Ukrzaliznytsia joins First Lady's 'Business without Barriers' initiative

Ukraine's state rail operator Ukrzaliznytsia has joined First Lady Olena Zelenska's initiative to sign a declaration "Business without Barriers" between major Ukrainian and international companies so as to make travel accessible to all citizens, the company has reported on its Facebook page.

28 November 2020

27 November 2020

26 November 2020

Zelensky tables bill to support businesses during lockdown

Zelensky tables bill to support businesses during lockdown

Ukrainian President Volodymyr Zelensky has registered in the Verkhovna Rada the bill No. 4429 "On Social Support for Insured Persons and Business Entities for the Period of Restrictive Anti-Epidemic Measures Introduced to Prevent the Spread in Ukraine of the Acute Respiratory Disease COVID-19 Caused by the Coronavirus SARS-Co V-2," according to the website of the Ukrainian parliament.

Finance Ministry completes discussions with IMF on draft 2021 budget

Finance Ministry completes discussions with IMF on draft 2021 budget

The Finance Ministry of Ukraine has completed discussions with the International Monetary Fund (IMF) on the main parameters of a draft state budget for 2021, which was one of the main prerequisites for starting the first revision of the IMF Stand-by Program, setting up the mission date of the IMF European Department and receiving another tranche.

25 November 2020

24 November 2020

Ukraine to deepen cooperation with BSEC - Kryklii

Ukraine to deepen cooperation with BSEC - Kryklii

Ukraine will deepen cooperation within the Organization of the Black Sea Economic Cooperation (BSEC) to ensure the transportation of goods in the Black Sea region, according to Ukrainian Infrastructure Minister Vladyslav Kryklii.

Govt plans to raise USD 300M to modernize social support system

Govt plans to raise USD 300M to modernize social support system

The Cabinet of Ministers approved a draft decree of the President of Ukraine on the composition of a Ukrainian delegation to take part in talks with the International Bank for Reconstruction and Development (IBRD) in order to obtain a USD 300 million loan to overcome the consequences of the COVID-19 pandemic, namely to modernize the social support system.

IMF evaluates tax policy in Ukraine

IMF evaluates tax policy in Ukraine

The International Monetary Fund (IMF) considers that Ukraine's current tax policy has been significantly updated in recent years, but it still needs proper improvement through the introduction of effective instruments.

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