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NBU: Cyprus crisis has not affected investment and deposits (Kyiv Post)

Posted in News.

The Cyprus crisis has not affected the inflow of foreign investment to Ukraine, the deputy director of the general department for monetary and credit policy at the National Bank of Ukraine (NBU), Oleksandr Arseniuk, has said. “As of today, we do not see any negative factors [in the field of…

Ukraine spends $5.5 billion on Euro 2012 (Interfax-Ukraine)

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The sport-related component cost $800 million. In particular, the construction of the stadium in Kyiv cost $550 million, Lviv stadium – $200 million, and $50 million was spent on the Kharkiv stadium. According to Vice Premier and Infrastructure Minister of Ukraine Borys Kolesnikov, 40,000 engineers, builders and architects, and around…

SEB completes sale of Ukrainian retail business (Reuters)

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In accordance with the 18 November, 2011 announcement of the sale of SEB’s retail banking business in Ukraine, the sale was completed on 7 June, 2012. SEB will continue to operate in Ukraine as a corporate  bank, serving its Nordic, Baltic and German corporate and institutional customers. Read more: http://www.reuters.com/article/2012/06/08/idUS56691+08-Jun-2012+HUG20120608

100 Reasons to Invest in Ukraine

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1) Ukraine’s new tax code implemented in 2010 established zero taxation for small businesses for a period of five years and for the hospitality sector and light industry for 10 years. 2) Income tax rate in Ukraine is (01.04.2011 the rate is 23 %, from  01.01.2012 – 21%; from 01.01.2013…

Ukraine fulfilled all the requirements of the IMF

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Ukraine has fulfilled all the necessary obligations to receive the next tranche of the International Monetary Fund loan. This was told by First Deputy Prime Minister of the Ministry of Economic Development of Ukraine Stepan Kubiv. Answering questions about pension and land reforms, obligations on which were also contained in…

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