As reported by the Ministry of Foreign Affairs of Ukraine, the UN is launching a power supply project in Odesa for 50 million USD, in order to facilitate power supply within the city. The UN development program is planning to launch the project for increasing the urban power infrastructure capacity before winter comes. Such a … Continue reading BEFORE WINTER COMES: THE UN POWER SUPPLY PROJECT IN ODESA FOR 50 MILLION USD
Recovery Begins during War: What Does UK Offer to Ukrainian Businesses?
The perseverance of you – the Ukrainian people – in going about your daily lives despite the horrific pain and suffering caused by Russia’s illegal full-scale invasion is recognised all around the world. The same is true of Ukrainian businesses, who are striving to sell their products, service their clients and support their employees despite the devastation … Continue reading Recovery Begins during War: What Does UK Offer to Ukrainian Businesses?
Illichivsk Oil & Fat Plant privatization at ca. 700 million UAH
Illichivsk Oil & Fat Plant was purchased by Poltava-Grain with Kernel as its principal beneficiary Privatization tender concerned sale of the Illichivsk Oil & Fat Plant located in Chornomorsk. The buyer was Poltava-Grain, while purchase cost made up 696.6 million UAH. The above company acquired the land plot of 8.58 hectares, administrative & household buildings, … Continue reading Illichivsk Oil & Fat Plant privatization at ca. 700 million UAH
Controlled foreign companies: legal consulting by Interlegal
Interlegal regular client filed a request concerning, inter alia, controlled foreign companies (CFCs). Rules on CFC taxation in Ukraine entered into force on January 1, 2022. CFC is a foreign company either owned or managed by the Ukrainian resident. In such cases, tax legislation of Ukraine provides for taxation on its adjusted profit in Ukraine, … Continue reading Controlled foreign companies: legal consulting by Interlegal
The guarantees of loss recovery in favor of shipowners suffered from the russian hostilities against Ukraine
The guarantees of loss recovery in favor of shipowners suffered from the russian hostilities against Ukraine On May 26, 2023, the Cabinet of Ministers of Ukraine approved the Procedure for the guarantees of such loss recovery in favor of shipowners. This Procedure is aimed to secure fair reimbursement of losses incurred by the victim of … Continue reading The guarantees of loss recovery in favor of shipowners suffered from the russian hostilities against Ukraine
Metinvest confirms plans to build plant in Italy
Seeking to circumvent Russian aggression and keep supplying customers, Metinvest is weighing plans to construct a new Italian plant that could receive raw materials from its Ukrainian mines and steel mills, stated the CEO of the Metinvest Group Yuriy Ryzhenkov. According to him, the European market has always been the number one market for Metinvest and now … Continue reading Metinvest confirms plans to build plant in Italy
Not by London alone: what is a common feature of successful cases upon post-war reconstruction?
Reconstruction of Ukraine will require enormous human and financial resources. As of March 2023, reconstruction of Ukraine will cost 411 billion USD, i.e. 2.6-fold exceeding GDP of Ukraine in 2022. Over the past 60 years, no conflict or disaster has provided more recovery funds than the Marshall Plan: ca. 140 billion USD (calculated as of … Continue reading Not by London alone: what is a common feature of successful cases upon post-war reconstruction?
THREE KEY CONCLUSIONS ABOUT THE RECONSTRUCTION OF UKRAINE FROM THE CONFERENCE IN LONDON
The largest event for the reconstruction of Ukraine URC-2023 took place in London. Europeans have already called it another form of counteroffensive, referring to strengthening the economy and strategic planning for further support. Moreover, during the conference, a number of countries announced additional help with weapons: Latvia will supply helicopters, Germany promised to provide missiles for Patriot and … Continue reading THREE KEY CONCLUSIONS ABOUT THE RECONSTRUCTION OF UKRAINE FROM THE CONFERENCE IN LONDON
Dreaming of Odesa Expo
Odesa did well in its bid to host Expo 2030, but in the end it was excluded. Still, we can dream of what might have been. Because even dreams deferred have been known to materialize. Last night I dreamed of a journey to the future and of finding myself in the summer of 2030 in … Continue reading Dreaming of Odesa Expo
Ukrainian Danube Shipping Company to renew fleet with World Bank financing
Ukrainian Danube Shipping and the International Finance Corporation (IFC), which is part of the World Bank Group, signed an agreement on attracting private investment for the modernization and expansion of the fleet at the Ukraine Recovery Conference in London, reported the press service of the Ministry of Community Development, Territories and Infrastructure. The International Financial Corporation will … Continue reading Ukrainian Danube Shipping Company to renew fleet with World Bank financing