
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.
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.
In January-November 2020, Mariupol Sea Commercial Port increased the volumes of cargo transshipment by 11.2% or almost 600,000 tonnes – from 5.150 million to 5.725 million tonnes, the port’s press service wrote on its Facebook page.
01 December 2020
First Deputy Minister for Strategic Industries of Ukraine Valeriy Ivashchenko and Deputy Defense Minister of Brazil Marcos Rosas Degaut Pontes have signed a memorandum of understanding.
The European Union has expressed interest in the extractive industry of Ukraine, and believes that Ukraine can become a reliable partner in the supply of raw materials and processed products.
As of November 30, Ukrainian farmers harvested 62.5 million tonnes of grain and leguminous crops from an area of 15 million hectares, or 98% of the planted area, according to the press service of the Ministry for Development of Economy, Trade and Agriculture.
Ukraine-Turkey bilateral relations have gained momentum and open up opportunities for doubling trade and increasing investment.
The State Customs Service of Ukraine transferred UAH 35.86 billion in revenues from customs payments to the state budget in November 2020, according to the agency’s press service.
The Verkhovna Rada of Ukraine has approved as a basis and as a whole the law postponing mandatory use of registrars of settlement transactions for some individual entrepreneurs for the period of one year.
Due to the increase in the living wage, pensions and some social benefits in Ukraine will grow from December 1, 2020.
Ukraine's state-owned electricity distribution service operator Khmelnytskoblenergo and South Korea's telecommunications service provider KT Corporation intend to collaborate in developing an advanced metering infrastructure project in Ukraine, Khmelnytskoblenergo has said in a press release.
Ukraine offers Turkish companies great potential in the field of infrastructure projects, seaports and telecommunications, in the privatization of state-owned companies of energy, chemical and machinery industries.
As part of an official visit to the Republic of Turkey, Prime Minister of Ukraine Denys Shmyhal has met with Vice President of Turkey Fuat Oktay.
In January-October 2020, Ukraine’s construction output grew by 1.9% compared to the relevant period last year, according to the data provided by the State Statistics Service of Ukraine.
30 November 2020
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.
The Verkhovna Rada of Ukraine plans to consider the draft state budget for 2021 at a special meeting next week.
Ukraine is interested in developing mutually beneficial investment cooperation with Turkey, Infrastructure Minister of Ukraine Vladyslav Kryklii said at a round table meeting with leading Turkish companies.
During a meeting with the head of the State Property Fund of Ukraine, the G7 Ambassadors reaffirmed their support for the transparent and fair privatization of state-owned assets.
As part of a working visit to the Republic of Turkey, Prime Minister of Ukraine Denys Shmyhal met Minister of Industry and Technology of the Republic of Turkey Mustafa Varank.
As part of a working visit to the Republic of Turkey, Prime Minister of Ukraine Denys Shmyhal met with top Turkish companies with a total investment portfolio of USD 5 billion.
As part of a working visit to the Republic of Turkey, Prime Minister of Ukraine Denys Shmyhal met with top Turkish companies with a total investment portfolio of USD 5 billion.
28 November 2020
Prime Minister of Ukraine Denys Shmyhal and Prime Minister of the Republic of Estonia Jüri Ratas have signed an intergovernmental agreement on technical and financial cooperation.
A decline in Ukraine’s GDP at the end of 2020 should not exceed 5%, according to Deputy Head of the President’s Office Yulia Kovaliv.
27 November 2020
Ukraine's First Lady Olena Zelenska has initiated the signing of the "Business without Barriers" declaration between large Ukrainian and international companies, the presidential press service has reported.
Ukraine’s gas transmission system was built for gas transmission, and transit is currently the only way to use it optimally.
A video conference of the Ukrainian Chamber of Commerce and Industry with Brazilian business associations has been held with the assistance of the Ukrainian Foreign Ministry.
The Finance Ministry of Ukraine expects that the state budget for 2021 will be approved by mid-December.
The European Business Association (EBA), together with Raiffeisen Bank Aval and VISA, is launching an online education program for small businesses, according to the EBA press service.
Ukrainian President Volodymyr Zelensky has registered in the Verkhovna Rada a bill proposing to allocate money from the Fund to Combat COVID-19 to support entrepreneurs and employees.
Ukraine's draft state budget for 2021 envisages a reduction in the budget deficit from 6% to 5.5%.
The Cabinet of Ministers has approved a draft law on the 2021 state budget for second reading.
26 November 2020
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.
During a working trip to Dnipropetrovsk region, President Volodymyr Zelensky inspected the construction of a southern bypass road around the city of Dnipro, which is being carried out within the framework of the Great Construction national program.
On November 26, Ukraine’s Ambassador to the State of Qatar Andrii Kuzmenko held a meeting with H.E. Faisal Bin Qassim Al Thani, chairman of Qatari Businessmen Association and owner of the largest private industrial investment holding "Al Faisal Holding".
The Ukrainian Finance Ministry is optimistic about Ukraine's further cooperation with the International Monetary Fund and other strategic partners, according to Finance Minister Serhiy Marchenko.
Flights between Kyiv and Skopje, the capital of North Macedonia, will start performing from December 6, according to the Ukrainian Embassy in the Republic of North Macedonia.
The Energy Ministry has submitted a concept for reforming coal regions to the government for approval.
The total amount of deposits of individuals in banks-participants of the Deposit Guarantee Fund of Ukraine amounted to UAH 575.66 billion as of November 1, 2020, according to the Fund’s press service.
Services worth UAH 238.3 billion were sold in Ukraine in the third quarter of 2020, which is 5.5% less than in the relevant period of 2019, according to the State Statistics Service.
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.
NJSC Naftogaz of Ukraine, a gas supply company, will not raise the gas price for households in December 2020, according to the company’s press service.
25 November 2020
The Embassy of Ukraine in the Republic of Korea forecasts a 20 percent increase in Ukrainian exports to this country and equalization of the negative trade balance which currently stands at $15 million.
The Cabinet of Ministers has transferred to Naftogaz of Ukraine a section of the sea shelf for the development of oil and gas fields without an auction.
Since the beginning of the state program "Affordable Loans at 5-7-9%", JSC Oschadbank has issued 846 loans for a total sum of UAH 1.23 billion to entrepreneurs, according to the bank’s press service.
Since the beginning of the coronavirus quarantine, almost UAH 14 billion has been paid to persons eligible for unemployment or partial unemployment benefits in Ukraine, according to the Ministry for Development of Economy, Trade and Agriculture.
Ukraine will impose in a week a special duty of 16.08% on imports of steel products from Belarus in response to discriminatory and unfriendly actions by Belarus against Ukrainian steel producers.
UkraineInvest team has presented investment opportunities for Danish companies in Ukraine.
JSC Ukrtransnafta transported 13.2 million tonnes of oil in January-October 2020, which is 4.9% higher compared to the relevant period last year, the company’s press service reports.
On November 24, 2020, the Ukrainian Finance Ministry raised UAH 16.768 billion towards the state budget as a result of auctions on the placement of domestic government bonds, the ministry’s press service wrote on Facebook.
24 November 2020
The Energy Ministry of Ukraine is finalizing a concept of reforming the coal industry to submit the project for government approval.
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.
Ukraine’s SkyUp Airlines has announced its intention to launch Kyiv-Berlin-Kyiv flights in the spring of 2021, the airline's press service reports.
The construction of 100 schools has already been completed in Ukraine as part of the Great Construction program.
As of November 23, Ukrainian farmers harvested 60.9 million tonnes of grain and leguminous crops from an area of 14.7 million hectares, or 96% of the forecast, according to the press service of the Ministry for Development of Economy, Trade and Agriculture.
Since the 2020/2021 marketing year (MY) began (July 1-November 23), Ukraine has exported almost 20.2 million tonnes of grain, which is 3.2 million tonnes less compared with the same period last year.
A free trade agreement (FTA) between Ukraine and Israel will take effect from January 1, 2021, Ukrainian President Volodymyr Zelensky has said.
The National Bank of Ukraine (NBU) provided UAH 600 million in refinancing to two banks on November 20, the NBU's press service reported.
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.
Retail trade turnover of retail trade enterprises in Ukraine grew by 7.3%, to UAH 697.98 billion, in January-October 2020 compared to the relevant period in 2019, according to the data provided by the State Statistics Service.
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.