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The National Bank is waiting for IMF decision on a new tranche next week
Next week, a meeting of the Board of Directors of the International Monetary Fund (IMF) may take place, at which a decision will be made on the next tranche for Ukraine. This was stated at the briefing Chairman of the National Bank of Ukraine (NBU) Yakov Smoliy. According to him,…
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The number of jobs created in Ukraine due to foreign direct investment has increased
According to EY experts, in 2016 this figure grew more than fourfold. In 2016, thanks to foreign direct investment in Ukraine, 4 547 jobs were created, whereas in 2015 it was 850. This is evidenced by the survey of investment attractiveness of European countries from EY. Thus, in Ukraine, the…
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The government intends to reduce the number of inspections of business by 15-30%
The corresponding package of amendments to the normative acts was adopted at a meeting of the Cabinet of Ministers. The government approved a package of amendments to the normative acts, which would subsequently significantly simplify the opening and running of business in Ukraine The package of changes includes 10 directions,…
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Parliament abolished the registration of investments and simplified the employment of foreigners
Henceforth, in Ukraine there will be no need to register investments. And getting a work permit, as well as a residence permit for high-paying foreign employees and investors will be easier. The Verkhovna Rada second reading supported bill No. 4541, which abolishes the registration of foreign investment in Ukraine, and…
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Ukraine will review preferential treatment and agreements on double taxation.
Ukraine should ensure the taxation of profits where additional value is created, and also abolish harmful preferential treatment. The Ukrainian government has developed a road map for the implementation of the OECD plan to counteract the erosion of the tax base (the BEPS plan). This is reported in the Ministry…
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Since the beginning of the year Ukraine has increased exports of goods to the European Union by 24%
In the first quarter of 2017, exports of goods exceeded $ 10.37 billion, and imports – $ 11.1 billion. Compared with the same period last year, Ukrainian entrepreneurs increased exports by 34.4%, and imports by 27.3%. This is evidenced by the data of the State Statistics Service. Among the key…
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The business will no longer require a stamped agreement from July 2017
Since July 19, 2017, officials, fiscal officials and bankers will be brought to administrative responsibility for the requirement to certify the contract with the stamp. In March, the Verkhovna Rada endorsed the bill, which cancels the mandatory presence of printing companies on the official documents. In April, a law signed…
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The European Bank for Reconstruction and Development invested 581 million euros in projects in Ukraine in 2016
This is reported in the annual report of the EBRD for 2016. Investments in Ukraine fell by 42%, because in 2015 the country received 997 million euros. Nevertheless, in 2016 Ukraine became the sixth country in terms of investment. Only Turkey – 1.925 billion euros, Kazakhstan – 1.05 billion euros,…
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Inflation in Ukraine slowed to 0.9% in April
Since the beginning of the year, consumer price growth was 4.9%, according to the State Statistics Service. Inflation in Ukraine in April fell to 0.9% compared to 1.8% in March, 1% in February and 1.1% in January, according to the State Statistics Service of Ukraine. From the beginning of 2017,…
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US to allocate $ 560 million in financial assistance to Ukraine.
President of the United States Donald Trump on May 5, signed a bill on the state budget of the US for the 2017 fiscal year. The budget is about $ 1.2 trillion, it will be in effect until September 30 – the end of the fiscal year in the US….