The government plans to abolish work completion certificates. A corresponding draft law has already been submitted to the Verkhovna Rada, Prime Minister Yulia Svyrydenko announced on Telegram.
“The government’s bill eliminates the mandatory signing of a work completion certificate to pay for services in non-cash form as proof of service delivery. These changes will make it easier for Ukrainian companies to cooperate with European business partners,” she said following a meeting with entrepreneurs in the Zakarpattia region.
According to her, the total savings for businesses from this initiative are estimated at 20.2 billion hryvnias per year.
Ukraine and the International Bank for Reconstruction and Development have signed a loan agreement worth $246.5 million under the SURGE program (Supporting Ukraine’s Recovery through Governance Enhancement), the Ministry of Finance reported. The funds will be provided through the ADVANCE Ukraine Multi-Donor Trust Fund, supported by the Government of Japan. “The project aims to support […]
As part of its winter preparations, Ukraine has already received about 400 million cubic meters of American liquefied natural gas (LNG), Naftogaz reported on Monday. The imports are being delivered through two terminals — Świnoujście in Poland and Klaipeda in Lithuania. In total, as of mid-September, around 450 million cubic meters of U.S. LNG have […]
Ukraine’s Gas Transmission System Operator (GTSOU) plans to build the country’s first hydrogen pipeline infrastructure facility. “Our long-term ambition is to create a nationwide hydrogen transportation network. The company takes into account both security factors and commercial considerations — the priority is access to the developed EU market,” explained Oleksandr Haidin, Head of Strategy at […]
Since the beginning of the year, Kyiv has collected a record 34.8 million UAH in tourist tax, which is 65% more than in the same period of 2024, according to the Kyiv City State Administration’s Department of Tourism and Promotion. “2024–2025 marked the beginning of the recovery of Kyiv’s tourism sector. Last year, the capital’s […]
Prime Minister Yuliia Svyrydenko has instructed an audit of subsoil users operating at Ukraine’s strategically important deposits. “I have instructed the Ministry of Economy and the State Service of Geology and Subsoil to audit all subsoil users who have received permits for strategically important deposits. We plan to check who is actually working and who […]
The government has added Kharkiv and the village of Borodianka in the Kyiv region to the list of locations for the pilot rollout of 5G networks. The announcement was made by First Deputy Prime Minister and Minister of Digital Transformation Mykhailo Fedorov. “In addition to Lviv, two more cities—Kharkiv and Borodianka—will join the 5G technology […]
In the first six months of 2025, Ukraine exported goods worth $20.0 billion, down 4.2% compared to the same period last year. Imports amounted to $38.6 billion, according to the State Statistics Service. “In the first half of 2025, goods exports totaled $20,044.9 million, or 95.8% compared to the first half of 2024, while imports […]
India’s largest buyer of Russian oil, Reliance Industries, has shifted to purchasing crude from Middle Eastern countries and the United States following the U.S. sanctions imposed on Lukoil, Rosneft, and their subsidiaries, Bloomberg reported, citing traders. India has begun purchasing several grades of crude oil from Iraq and Qatar, including Saudi Khafji, Iraqi Basrah Medium, […]
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For the first time, the National Bank has identified a list of critical infrastructure facilities in the banking system of Ukraine. This was reported on the regulator’s website on Friday, April 23. It is noted that such powers of the NBU are provided by the Law on Basic Principles of Cyber Security of Ukraine. “Objects […]
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Ukraine’s steel industry risks losing billions of dollars and a key export market due to the full implementation of the EU’s Carbon Border Adjustment Mechanism (CBAM). It is noted that the new environmental levy has already begun to apply to Ukraine. And despite the fact that the country is entitled to a deferral, it has […]
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Customers of the Colonial Pipeline pipeline network, which was restarted after the cyber attack, are having trouble. In particular, they may not reserve fuel supplies, update applications or perform other online access activities. This was announced on Tuesday, May 18, citing anonymous sources among shippers, Bloomberg reports. The company itself said in a comment to […]
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The taxi service of the international Chinese company DiDi Chuxing intends to conduct the initial public offering (IPO) on the Hong Kong Stock Exchange. As reported by Reuters on Tuesday, citing sources, this may happen in the first half of 2021. By the time of the IPO, the estimated value of DiDi will be more […]
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The Cabinet of Ministers at a meeting on Wednesday, August 4, approved an energy security strategy. During the presentation of the document, Energy Minister Herman Galushchenko said that the strategy identifies, in particular, 29 threats to energy security, the key of which are cyber threats, Russian aggression, depreciation of fixed assets, lack of energy reserves, […]
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Enterprises and institutions of the space industry of Ukraine increased the net loss to 1.038 billion hryvnias from January to September 2020. This is 23 times more than in the first nine months of last year. In 2019, for the same period, the net loss amounted to 44.3 million hryvnias, according to the press service […]
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Tesla shares reached their new peak on Thursday jumping 7.95% to a price of $1208.66. The manufacturer of electric cars Tesla was rated as the world most expensive automaker (in terms of market capitalization), overtaking the world leader Toyota Motor. Since the beginning of the year, Tesla shares have risen by 189% having climbed 166% […]
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JSC Ukrzaliznytsia has announced the introduction of five additional trains that will operate across different regions of Ukraine, the company’s press service reported. Additional trains scheduled for this autumn include: No. 249/250 Kyiv – LvivDepartures from Kyiv and Lviv: August 27, 28. No. 220/219 Kyiv – DniproDepartures from Kyiv and Dnipro: August 25, 28, 30, […]
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The American producer of vegetable meat products Impossible Foods expects that investors will estimate it at $ 10 billion during the listing. The company plans to go public this year, but has not yet decided how to become a public company, reports Reuters, citing knowledgeable interlocutors. According to them, the company is now exploring the […]
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Ukraine plans to attract $ 5 billion in investments this year. Deputy Minister of Economic Development Iryna Novikova stated this at the Ukraine 30 business forum. The Ministry of Economy believes that this amount of investment will be able to attract thanks to concessions, support for large investment projects and industrial parks. Thus, Novikova noted […]
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Ukraine can produce an average of about 5.5 billion cubic meters of “green” hydrogen annually. This was announced on Monday, March 29, by the State Agency for Energy Efficiency. Experts of the United Nations Economic Commission for Europe with the support of the Ministry of Energy and the State Agency conducted studies of the potential […]
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The Antimonopoly Committee drew the line under the proceedings between the Ukrainian “daughter” of the German firm Rehau and its namesake – the Kyiv production company Rehau. Both work in the window market under the Rehau brand. By the decision of the AMCU the Rehau production company is obliged within a month to abandon from […]
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On January 12, the Cabinet of Ministers approved the winner of the tender to develop the Dobra lithium deposit under a production sharing agreement (PSA) mechanism. This was announced by Prime Minister Yuliia Svyrydenko. “A pilot project for the development of mineral resources — the Dobra lithium deposit site in the Kirovohrad region,” she said. […]
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The downturn in Ukraine’s economy in the first four months of 2021 slowed to 0.2%, according to a preliminary estimate by the Ministry of Economy. “The Ministry of Economy estimates a slight reduction in GDP at 0.2% (down 2% in the first quarter of 2021 by 4.9% over the four months of 2020),” the statement […]
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The Danish Board of Appeal for the Environment and Foodstuffs has revoked the permit issued by the Environmental Protection Agency for the construction of the Baltic Pipe gas pipeline. “On July 12, 2019, the Danish Environmental Protection Authority issued an environmental permit for the construction of the Baltic Pipe. On May 31, 2021, the Environmental […]
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