The International Monetary Fund has published a memorandum which defined the terms of cooperation with Ukraine under the approved Stand-by program. The document, in particular, contains the basic conditions and steps for Kyiv to receive…
Augmented reality (AR) is not just another fashionable information technology, its usage opens up different opportunities in almost all the spheres of human life. For example, today a significant number of training programs, especially corporate…
Airlines throughout the world were among the first to feel the impact of the coronavirus. Air traffic occurred in a turbulence zone: a mass cancellation of flights and layoffs are taken place. One also talks…
The European Commission has approved a € 500 million loan to Ukraine under the EU’s fourth macro-financial aid program. Since 2014 the EU has provided Ukraine with € 3.8 billion. This is the biggest macro-financial…
Ukraine will receive a $ 350 million loan from the International Bank for Reconstruction and Development (a World Bank credit institution). This is evidenced by the relevant order of the Cabinet of Ministers of Ukraine….
The Association of Suppliers of Retail Chains has submitted a proposal to the Ministry of Economic Development for the free transfer of expired food products. Or the sale of such products for feed to livestock…
Is there a life after a pandemic?
May 27, 2020
Social standards must be changed significantly after the quarantine. The state needs significant courage for non-standard decisions, weak points identification and the fundamental changes that support the state institutions returning to normal economic life and…
Apple opens a representative office in Ukraine
May 27, 2020
According to one source, the Ukrainian company is really opening with the American Apple. But there is no official confirmation yet. Apple has registered a limited liability company in Ukrainian jurisdiction. The corresponding entry appeared…
Cyber police found $ 1.1 million from counterfeiters of "anti-coronavirus biological additives"
May 27, 2020
The Security Service of Ukraine has exposed a large-scale scheme of “anti-coronavirus biological additives” illegal sales via the Internet, which caused the state losses of more than 80 million hryvnias. This was announced by the…
A pit bull terrier for over UAH 112 and an Eastern European shepherd for UAH 1,300 were put up for auction. The Ministry of Justice sells dogs for arrears on the website of the electronic…
Ukraine's economy is forecast to fall by 5.5%
May 21, 2020
International rating agency S&P Global Ratings forecasts a decline in Ukraine’s economy in 2020 by 5.5% with its subsequent recovery in 2021 by 5% in 2022 – by 3%. Karen Vartapetov, director of S&P Global…
Large-scale conflict over banking services
May 20, 2020
The National Bank strongly opposed “Ukrposhta”, as the Verkhovna Rada supported the latter’s involvement in providing affordable banking services to the entire population. Ukrposhta branches are located in the smallest towns of Ukraine, so it…
The labor market collapsed
May 19, 2020
The whole world suffers from quarantine restrictions. Analysts say the global economic recovery could take 12-18 months. Meanwhile, the average unemployment rate in the world is already 10%. In turn, according to the statistics of…
The State Tax Service of Ukraine reported that revenues in excess of UAH 1 million during January-April 2020 were declared by 3,150 citizens. The largest number of millionaires traditionally lives in Kyiv – almost 1.2…
Explain please where are you got the money?
May 18, 2020
The rules of financial monitoring established by the new Law “On Prevention and Counteraction to Legalization (Laundering) of Proceeds from Crime, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction” have…
Ministry of Finance: The amount of financial support for Ukraine from the IMF will not change
May 13, 2020
Due to the large-scale financial and economic crisis around the world due to the spread of COVID-19 and the general economic uncertainty about the duration and intensity of the effects of the pandemic, the IMF…
Despite the pandemic and the crisis, Ukrposhta continues to work as usual, following the quarantine rules and does not stop hiring workers. Moreover, the company is ready to provide jobs for more than 3,000 Ukrainians….
The European Bank for Reconstruction and Development (EBRD) is expanding its opportunities to increase lending to Ukrainian companies in the national currency. This became possible due to the signing of an agreement between the National…
The flag of Ukraine is blue and yellow, representing the most common view of the countryside – yellow wheat and blue sky. That does not come as a surprise, since, according to a famous Ukrainian…
Labour reform Despite the long history of Ukrainian parliamentarism and law-making (let us recall at least the Constitution of Pylyp Orlyk), one cannot call our legislative system an exemplary one. Yet it has not been…
