On the night of March 22, the Ukrainian seaport of Mykolaiv was hit by Russian forces, the official seaport authorities of Ukraine reported. “The port infrastructure was significantly damaged. According to preliminary information, there were no casualties,” they said. (APK-Inform/Business World Magazine)
The National Bank has approved a list of additional measures to maintain the stability of the banking system by minimizing the negative impact of Russian aggression. The regulator has temporarily expanded the list of streamlined regulations governing banking operations. The easing relates to the Regulation on Determining the Amount of credit risk on active banking…
A total of 50 Ukrainian enterprises have already been relocated to western Ukraine as part of the business relocation program, as they have lost an opportunity to operate in certain regions due to the war. The relevant statement was made by the Servant of the People Party Leader, Servant of the People Faction Deputy Head…
The Government abolished measures of state control and market surveillance during martial law. From now on, both scheduled and unscheduled business inspections are halted. This will ensure the stable operation of enterprises under martial law. At the same time, if there is a threat to human rights, legitimate interests, life and health, protection of the…
The International Grains Council (IGC) cut its forecast for Ukraine’s grain exports in the current 2021-2022 season, noting ongoing conflict in the country had fuelled concerns about potential food security risks, Reuters informed. Ukraine’s grain exports were revised to 47.8 million tons, sharply down from last month’s forecast of 62.8 million tons with the council…
According to the Ministry of Economy, fuel prices in Ukraine were lower on March 18. Now diesel fuel costs UAH 5 cheaper (reduction from UAH 44.90 to UAH 39.96 per liter). Gasoline is more than UAH 7 cheaper (reduction from UAH 43.52 to UAH 35.76 per liter). This was due to timely decisions made by…
The Cabinet of Ministers of Ukraine has expanded the list of critical import goods, namely with the goods required for industrial manufacturing and construction. The relevant statement was made by the Ukrainian Economy Ministry. “Last time the list of critical import goods was updated and approved at a meeting of the Ukrainian government, it was…