Post-release: EBA Odesa Business Talks: Recovery Ukraine. Recovery projects in the South of Ukraine

On 23 May, the Southern Ukrainian Office of the European Business Association in partnership with Interlegal held a Business Talk on an urgent and extremely important for the Ukrainian business community topic – "Recovery Ukraine. Reconstruction projects in the South of Ukraine".   The panel of speakers included CEOs of leading agricultural and logistics companies from … Continue reading Post-release: EBA Odesa Business Talks: Recovery Ukraine. Recovery projects in the South of Ukraine

Mykolaiv, the Danish Model for Rebuilding Ukraine – Without Corruption

Ukraine needs as much outside help as it can get to build back after Russia’s attempt to destroy it. Denmark is helping pave the way and showing others how it might be done efficiently. Ukrainian rescuers hose down a destroyed residential building as they move rubble after a missile strike in Mykolaiv on July 20, … Continue reading Mykolaiv, the Danish Model for Rebuilding Ukraine – Without Corruption

RESEARCH: IMPACT OF THE WAR ON THE GLOBAL FOOD SECURITY

For two years now, Russia has been systematically destroying the Ukrainian agricultural sector, threatening global food security. In research prepared for the International Centre for Ukrainian Victory, experts examined the loss of fertile land, explosive contamination, damage from the explosion of the Kakhovka Dam, loss of agricultural infrastructure, and damage from the militarisation of the … Continue reading RESEARCH: IMPACT OF THE WAR ON THE GLOBAL FOOD SECURITY

Estonia is the first country in the world which adopted a law on the use of frozen Russian assets in favor of Ukraine

The Estonian Parliament (the Riigikogu) adopted a law that allows using the frozen assets of Russian natural persons in order to reimburse losses caused to Ukraine by the war. 65 members of the Riigikogu voted in favour, while three members voted against, as reported on the website of the Estonian parliament. Creation of a legal … Continue reading Estonia is the first country in the world which adopted a law on the use of frozen Russian assets in favor of Ukraine

Defense and restoration of Ukraine: the EU reached an agreement on use of Russian assets

The European Union managed to reach a consensus regarding frozen Russian assets. Funds will be remitted for the purpose of defense and restoration of Ukraine which suffered from the Russian hostilities and regular shelling, as reported by L’Echo with reference to notes by Valérie Ubren, CEO of the Belgian depository. She highlighted that a decision … Continue reading Defense and restoration of Ukraine: the EU reached an agreement on use of Russian assets

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

Shmyhal announced the cancellation of restrictions on the import of business services being valid since the outbreak of the war

The Cabinet of Ministers canceled the resolution on restrictions of import of business services. Previously, the National Bank of Ukraine adopted a similar decision, as announced by Prime Minister Denys Shmyhal during the government meeting. He said: “We are canceling Resolution of the Cabinet of Ministers No. 153 which limited payments for the import of … Continue reading Shmyhal announced the cancellation of restrictions on the import of business services being valid since the outbreak of the war

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