Business

The Supreme Court of Israel on March 26, 2021 rejected an appeal of Israel Discount Bank (IDB, Tel Aviv) seeking to have the claim brought by PrivatBank (Kyiv) against the ex-owners of the bank over the alleged misappropriation of $600…

The Ministry of Finance will soon submit the draft legislative amendments to the Tax Code in relation to combating tax evasion for broad discussion, Ukrainian Finance Minister Serhiy Marchenko has said. "We have prepared the draft amendments to the Tax…

A man refuels his car at a gas station in Kyiv. Every gas station in Ukraine will be inspected to stop the spread of illegal fuel trade, Minister of Community and Territorial Development Oleksiy Chernyshov said during a meeting with…

The targets of the national budget of Ukraine in the first quarter of 2021 were met two days before the end of the term, Finance Minister Serhiy Marchenko said at a press conference in Kyiv on Tuesday. "It is expected…

Naftogaz group and Polish Oil and Gas Company (PGNiG) have signed a memorandum of understanding. The partners will jointly consider the possibility of putting together experience and resources to implement a number of projects, primarily in Western Ukraine. "Naftogaz and…

Issues of anti-corruption policy, judicial reform, gas and electricity markets remain under discussion with the IMF, Ukrainian Finance Minister Serhiy Marchenko has said. "We are in an active stage. We have made serious progress. There are no problematic issues in…

A combine harvests wheat near the Krasne village in Chernihiv Oblast, 120 kilometers north of Kyiv, on July 5, 2019. Ukraine has produced almost 65 million tons of winter grain in 2020-20

Fitch Ratings has affirmed National Joint Stock Company Naftogaz Ukrainy's (Naftogaz) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B', the outlook is stable, the rating agency said on its website. "The affirmation reflects the continued equalization of Naftogaz's ratings with…

The Verkhovna Rada has passed at the final reading bill No. 5300 on financial support for entrepreneurs who are forced to stop their activities due to quarantine restrictions in the "red" zones, in particular regarding the payment of UAH 8,000…

The return to control over natural gas prices is not only an extremely ineffective way of subsidizing households, but also leads to abuse of resources due to corruption and curbing the implementation of energy efficiency, IMF Resident Representative in Ukraine…