Business

Yakiv Smolii served as governor of the National Bank of Ukraine from 2017 until July 3, 2020

A view of downtown Kyiv facing the Ministry of Foreign Affairs and St. Michael’s Golden Domed Monastery pictured on April 24, 2020

The photo collage shows five books that may help to understand Ukrainian economy better. For years, the Ukrainian economy has been a laggard behind most of its Eastern European neighbors. There’s progress, though: The nation has climbed 78 places in…

Osnat Lubrani, United Nations resident coordinator in Ukraine, speaks with the Kyiv Post on July 1, 2020

Some cars drive on European Square on April 20, 2020

A view of Varosia in Turkish-controlledFamagusta, Cyprus on Aug. 29, 2019. Many holding companies ownCypriot companies for tax purposes, as Cyprus typically has among thelowest corporate tax rates in Europe. Every year, Ukraine loses at least $50 billion a year…

Vladimir Kotenko, head of tax and law at EY Ukraine, speaks with the Kyiv Post on July 2, 2020 in his office in Kyiv. In a nation with a $50 billion state budget, any rash changes in revenue or tax…

The National Bank of Ukraine (NBU) at its second auction of interest rate swap on July 15 satisfied the applications of five banks for UAH 410

President of Ukraine Volodymyr Zelensky welcomes the results of an online auction for the sale of the Dnipro Hotel in Kyiv. "Large privatization has started! The auction on the sale of the state-owned block of shares of PJSC Dnipro Hotel…

The State Property Fund of Ukraine (SPF) during an online auction on July 15 sold Dnipro Hotel in Kyiv for UAH 1.1 billion. According to the ProZorro.Sale system, the winner at 16:52 in the third round was Smartland LLC, registered…