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…
In 2020, Odesa International Airport provided air services to almost 700 thousand passengers, down by 58% YoY, the airport’s press service reported. “9,332 flights were serviced,” reads the report. The airport management explained that passenger traffic decreased sharply due to the introduction of quarantine measures in Ukraine to combat the spread of the COVID-19 pandemic.…
In 2020, the volume of loans provided by JSB Ukrgasbank to small and medium-sized businesses rose by 50% (or UAH 2.5 billion) and amounted to UAH 7.7 billion, the bank’s press service reported. “Last year, Ukrgasbank paid special attention to lending to small and medium-sized businesses, which suffered the most from the pandemic and quarantine…
Prime Minister Denys Shmyhal has said that the Ukrainian government aims to raise the average salary in Ukraine to the level of Poland or Slovakia until 2030. “In December 2020, real salaries increased by 10% YoY and amounted to UAH 14,200. The most important task set by the Government is to raise average salaries until…
Ukrainian exporters, interested in entering the Egyptian markets, will benefit significantly from the establishment of joint ventures with localization of production in this country. “The establishment of joint ventures and the organization of production in the territory of Egypt can provide Ukrainian companies with access to a market of 1.3 billion consumers with a total…
Ukraine and Moldova held the first round of negotiations on amendments to the intergovernmental Free Trade Agreement (FTA) on January 28. Ukraine and Moldova started drafting a Protocol between the Cabinet of Ministers of Ukraine and the Government of the Republic of Moldova on amendments to the Free Trade Agreement and agreed on a number…