THE NATIONAL BANK OF UKRAINE HAS EASED FOREIGN CURRENCY RESTRICTIONS FOR BUSINESSES

In early May 2024, the National Bank of Ukraine (NBU) announced a new wave of foreign currency liberalization measures, the most extensive since the commencement of full-scale invasion on 24 February 2024. The new package of amendments, introduced by the NBU Resolution No.56 dated 3 May 2024 (Resolution No.56), which entered into force on 4 … Continue reading THE NATIONAL BANK OF UKRAINE HAS EASED FOREIGN CURRENCY RESTRICTIONS FOR BUSINESSES

The Government Approves the Procedure for Using Funds to Support Investment Projects with Significant Investments

The Procedure for Using Funds from the State Budget to provide State Support for the Implementation of Investment Projects involving Significant Investments was adopted at the session of the Cabinet of Ministers of Ukraine on 26 April 2024. Conditions for receiving State Support The total amount of state support can be up to 30% of the … Continue reading The Government Approves the Procedure for Using Funds to Support Investment Projects with Significant Investments

The REPO Act: How Will Russia Respond?

On April 24, President Biden signed the Rebuilding Economic Prosperity and Opportunity for Ukrainians (REPO) Act, which allows the President to seize Russian sovereign assets in the United States and use them for Ukrainian reconstruction. Not surprisingly, the Russian government reacted immediately, promising to challenge REPO in court and threatening to retaliate against US assets … Continue reading The REPO Act: How Will Russia Respond?

Ukraine’s reconstruction: Policy options for building an effective financial architecture

What financial system can facilitate Ukraine’s post-war recovery and development? A new report provides a clear answer: an effective, competitive and widely trusted financial system that lives up to recognised standards of integrity, is compliant with the EU accession process, and assumes a recognised role in Europe’s banking and capital market unions. The team of … Continue reading Ukraine’s reconstruction: Policy options for building an effective financial architecture

How to restore Ukraine: a vital draft law on fundamentals of the recovery of Ukraine

Draft law “On the basic principles of the recovery of Ukraine” has been presented. It is a broad legislative framework that will govern all aspects of reconstruction and recovery. It enshrines 14 key points of the state reconstruction policy and outlines the executors at each level, objects and forms of restoration are clearly recorded, as … Continue reading How to restore Ukraine: a vital draft law on fundamentals of the recovery of Ukraine

Council for Cooperation with Ukraine is founded in Poland: what are its tasks?

Prime Minister of Poland Donald Tusk signed an Order on foundation of the Council for Cooperation with Ukraine. It will be a public authority engaged in strengthening bilateral relations and promoting restoration of Ukraine. Pavel Koval, the Polish Government Commissioner for the Restoration of Ukraine, reported thereon within interview with the Polish Press Agency. Koval … Continue reading Council for Cooperation with Ukraine is founded in Poland: what are its tasks?

Ukraine’s Resilient Economy Thrives Despite Ongoing War

The European Business Association offers Kyiv Post insights into how Ukraine can attract more business to help in both during the war and in the post-war recovery. Ukraine’s economy has proved to be a resilient one. Notwithstanding the ongoing war, most Ukrainian companies continued working, and during the second year since the full-scale Russian invasion some have … Continue reading Ukraine’s Resilient Economy Thrives Despite Ongoing War

RUSSIA: INVESTMENT PROTECTION AND ARBITRATION | PART 2

PART 2: LAUNCH OF THE REGISTER OF DAMAGE FOR UKRAINE Yesterday, the Register of Damage for Ukraine (the “Register”) officially launched, meaning that the claims submission process for those seeking compensation for the damage inflicted by the war in Ukraine is now open.1 The Register, established within the framework of the Council of Europe and … Continue reading RUSSIA: INVESTMENT PROTECTION AND ARBITRATION | PART 2

Ukraine adapts construction legislation to address the challenges of war

Since the enactment of martial law, Ukraine has introduced several changes to its legislation regulating construction issues. At the same time, the ongoing process of digitalization of the construction permit system continues. Below is a brief description of changes that are most important for business. Law of Ukraine “On Guaranteeing Proprietary Rights to Real Estate … Continue reading Ukraine adapts construction legislation to address the challenges of war