Business

Bill No. 2372, adopted by Verkhovna Rada at first reading, providing for the independence of the nuclear regulator, will allow National Nuclear Generating Company Energoatom, after its final approval, to take out an additional loan of EUR 200

Finance Minister Serhiy Marchenko sees the grounds for law enforcement investigations into the activities of those dismissed on Friday, April 24, head of the State Customs Service Maksym Nefyodov and head of the State Tax Service Serhiy Verlanov, he said in an…

Ukraine can receive from the International Monetary Fund either $5.5 billion to $8 billion under the Extended Fund Facility program, or $1.4 billion through the Rapid Financing Instrument (RFI), while the combination of these programs is impossible, former Finance Minister…

The dismissal of the heads of the State Tax and Customs Services was not a surprise, Finance Minister Serhiy Marchenko said. "They [dismissed heads of agencies Maksym Nefyodov and Serhiy Verlanov] had been aware of my position, and in fact…

Naftogaz Ukrainy has not yet planned to import natural gas, it is now being brought into the country by private traders, group CEO Andriy Kobolev has said. "For Naftogaz we now don't see any sense in this [import] because the…

President of Ukraine Volodymyr Zelensky has said that this week the Cabinet of Ministers and the National Bank of Ukraine (NBU) will present the programs of mortgage at 10% and preferential loans for small business at a low interest rate…

Alexander Smirnov, creative director and partner at creative agency Tabasco, poses for a photo. “We want to make the best out of this quarantine situation,” Smirnov says. Editor’s Note: Ukraine’s businesses are struggling after the country introduced nationwide restrictions on…

The Verkhovna Rada, Ukraine’s parliament, advanced key banking and land market legislation to qualify for additional International Monetary Fund loans. Ukraine’s parliament may consider a banking law that’s necessary for a new IMF program within the next week or two,…

The Parliamentary Committee on Finance, Tax and Customs Policy recommended that the Verkhovna Rada adopt at the second reading bill No. 2571-d on improving banking regulation mechanisms with amendments proposed by the committee. The corresponding decision at an online meeting…

The Verkhovna Rada of Ukraine may consider bill No. 2571-d on improvement of the mechanisms for regulating banking activities, which is necessary for reaching agreement with the International Monetary Fund (IMF) on a new program, within one or two weeks.…