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?

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 launches official website of the Register of Damage

On 4 March 2024, the official website of the Register of Damage for Ukraine was launched. The website sheds light on the forthcoming modes of operation of the Register of Damage and outlines the general requirements for claims to be accepted. The Register of Damage will record claims filed by individuals, entities, and the Ukrainian state for … Continue reading Ukraine launches official website of the Register of Damage

REGISTER OF DAMAGE FOR UKRAINE: OFFICIAL WEBSITE STARTUP

March 4, 2024: startup of official website of the International Register of Damage caused by military aggression of the Russian Federation against Ukraine. Such register was created by Resolution of the Committee of Ministers of the Council of Europe on Expanded Partial Agreement on the Register of Damage caused by military aggression of the Russian … Continue reading REGISTER OF DAMAGE FOR UKRAINE: OFFICIAL WEBSITE STARTUP

2024: business expectations, forecasts, and warnings

Yesterday, the European Business Association held its traditional Global Outlook event, where the business community discussed plans for 2024, the macroeconomic stability of the country, defense industry and development prospects, and Ukrainian-Polish cooperation. Macroeconomic and macrofinancial stability of the country Andriy Pyshnyy, Governor of the National Bank of Ukraine, emphasized that in 2023 Ukraine managed … Continue reading 2024: business expectations, forecasts, and warnings

THE STATE AGENCY FOR RESTORE AND DEVELOPMENT OF INFRASTRUCTURE OF UKRAINE PRESENTED THE RESULTS OF WORK FOR 2023 AND PLANS FOR 2024 TO INTERNATIONAL PARTNERS

The Ukrainian State Agency for Restoration and Development of Infrastructure presented its 2023 achievements and 2024 plans to international partners. The event featured the Head of the Restoration Agency, Mustafa-Masi Nayyem, alongside ambassadors and representatives from foreign embassies, international financial organizations, and global companies. Supported by the USAID/UKaid project "State-Owned Enterprise Reform Activity" (SOERA), the … Continue reading THE STATE AGENCY FOR RESTORE AND DEVELOPMENT OF INFRASTRUCTURE OF UKRAINE PRESENTED THE RESULTS OF WORK FOR 2023 AND PLANS FOR 2024 TO INTERNATIONAL PARTNERS