Ukraine’s local budgets received UAH 130.6 million in revenues from tourist tax in 2020. Kyiv became the leader with UAH 34.7 million in tourist tax revenues, the State Agency for Tourism Development reported with reference to data provided by the State Tax Service of Ukraine. “In total, local budgets received UAH 130,628,240 in revenues from…
The National Bank of Ukraine (NBU) decided to increase to EUR 200,000 the e-limit on some foreign exchange transactions by individuals to transfer funds abroad or into accounts that nonresident legal entities have opened in Ukraine. The ruling came into effect on February 5. “The NBU estimates that this easing measure will not disrupt the…
Prime Minister Denys Shmyhal says that in order to accelerate economic growth, the Ukrainian government will continue to stimulate government programs aimed at facilitating access to financial resources. The prime minister stated this at a special gathering of business community “EBA Global Outlook 2021: the Year of Big Questions”, when asked how the government would…
Ukraine’s trade turnover in January amounted to $8.14 billion, down by $140 million YoY, according to data provided by the State Customs Service of Ukraine. In January, Ukraine imported goods worth $4.2 billion (imports increased by $87 million, or by 2%). Exports from Ukraine amounted to $3.9 billion (down by $227 million, or by 5%).…
The Deposit Guarantee Fund of Ukraine and the World Council of Credit Unions (WOCCU) have signed a memorandum of cooperation aimed at providing a favorable environment for the development of credit unions, the Fund’s press service reports. “On February 2, the Deposit Guarantee Fund and the World Council of Credit Unions (WOCCU) signed a Memorandum…
Finance Minister of Ukraine Serhiy Marchenko has signed a protocol on amendments to the Ukrainian-Danish Intergovernmental Convention on the Avoidance of Double Taxation, according to the ministry’s press service. The said protocol amends the Convention in order to bring its provisions in line with the OECD Model Tax Convention. In particular, the protocol provides for…
In 2020, Ukraine’s construction output grew by 4% YoY, according to the data provided by the State Statistics Service. In 2020, Ukraine’s total volume of construction products reached UAH 199 billion. Of this amount, new construction amounted to 36.1%, repairs (major and maintenance) totaled 36.9% and reconstruction and technical re-equipment – 27%. In particular, residential…