The Verkhovna Rada, Ukraine’s parliament, has passed bill No. 3761 to amend Section XX “Transitional Provisions” of the Tax Code of Ukraine as regards specifics of taxation of business entities implementing investment projects involving significant funds. Some 246 lawmakers backed the draft law in the second reading and as a whole with the required minimum…
All regional budgets of Ukraine and the budget of Kyiv city have been approved, according to the press service of the Finance Ministry. “The Finance Ministry of Ukraine informs that all regional budgets and the budget of the city of Kyiv were approved as of March 1,” reads the report. At the same time, the…
The National Bank of Ukraine (NBU) has conducted the annual revision of the list of systemically important banks, the central bank’s press service has reported. The number of systemically important banks decreased to 13 institutions. This year, Kredobank has not been included in the list. The updated list includes: A-Bank, Alfa-Bank, OTP Bank, Oschadbank, Bank…
The average nominal salary of Ukrainians in January was 15% higher than the one they received in January 2020 and amounted to UAH 12,337, the State Statistics Service reported. The average nominal salary of a full-time employee of enterprises, institutions and organizations in January was UAH 12,337, or 2.1 times higher than the minimum wage…
Germany’s Lufthansa plans to operate flights from Lviv Danylo Halytskyi International Airport to the German city of Frankfurt am Main from April 30, the press service of Lviv City Council has reported. According to the report, a new flight on the Frankfurt (Main)-Lviv-Frankfurt (Main) route will be available from April 30. (Ukrinform/Business World Magazine)
Ukrainian Agribusiness Club (UCAB) analyst Svitlana Lytvyn believes that the main reason for the growth in demand for avocado is the trend of healthy eating. In 2020, Ukraine imported 10.8 thousand tons of avocados, up by 28% YoY. The key suppliers of avocados to Ukraine were Peru (23% of Ukrainian imports in physical terms), Israel…
Experts say the price of agricultural land in Ukraine may range from $1,000 to $2,000 per hectare (ha) in the first year after the launch of the country’s farmland market, but more accurate figures can be announced after the formation of supply and demand in the market. They made their comments during a press conference…