Since the beginning of 2019 the budget of Zaporizhzhia city has received over UAH 2 million in revenues from tourist tax, the Tourist Information Center of the city has reported. “Over the eleven months of 2019 we have UAH 2.330 million in revenues from tourist tax,” reads the report. The tourist center noted that this…
Ukrainian Prime Minister Oleksiy Honcharuk says his government’s goal is to drastically reduce the share of the shadow economy in the near-term outlook. “The share of the shadow economy for me personally is a measure of the effectiveness of our work,” he said. “Now, according to various estimates, it makes almost half of the entire…
The Ukrainian government and the National Bank of Ukraine jointly face foreign currency debt payments in excess of $24 billion in 2020-2022, including interest. The NBU report on financial stability says most of this amount will need to be refinanced in foreign markets, therefore cooperation with the International Monetary Fund and other international financial organizations…
Ukraine’s tax expert Andriy Hmyrin says all experts, assessing the volumes of smuggling at customs, agree that the national budget has at least $10 billion (about UAH 250-UAH 300 billion) in annual losses. “When calculating the volume of smuggling, various experts come up with different figures. But they all agree that it is at least…
Ukraine’s low-cost airline SkyUp Airlines has launched the sale of tickets for flights from Kharkiv to Batumi (Georgia), Burgas (Bulgaria) and Tel Aviv (Israel). The airline also resumes flights from Kharkiv to Tbilisi (Georgia), according to the airline’s press service. “On December 16 SkyUp Airlines launched the sale of tickets for flights from Kharkiv to…
Deputy Chairperson of Public Union “Sheep and Goat Breeding of Ukraine” Natalia Yakymenko says Ukrainian producers of feta cheese have come up with a new, substitute name for the product manufactured in Ukraine, that is “Nabil Rozsilny” (brined cheese). “In Ukraine there is an ancient word “nabil” that is rarely used. Therefore, manufacturers propose feta…
The average wage in Ukraine in October made up over UAH 9,500, the Pension Fund of Ukraine reported. “The average wage rate for October was approved, from which insurance contributions were paid and which was taken into consideration for pension accounting in accordance with the Law of Ukraine “On Compulsory State Pension Insurance”,” the report…