Companies operating in Ukraine will soon be paying a tax on dividends instead of the corporate income tax. This is the result of the many years of efforts of small and medium-sized companies to change the tax system.
The Ukrainian government should seek a new support program with the International Monetary Fund (IMF) of up to USD10bn, with a duration of up to four years, the National Bank of Ukraine (NBU) believes.
In just a few years, the PLN grew from a niche currency into one of the most popular currencies in Ukraine and is currently battling for the third position with the RUB.
As the only Central and Southeast (CSE) country Estonia moved from a position of a Moderate Innovator into a group of Strong Innovators in the European Innovation Scoreboard 2019 (EIS) prepared by the European Commission (EC).
The Eastern and Western space programs have long been dependent on the Ukrainian space sector. Now the Ukrainians are successfully taking over new market niches.
The Ukrainian government is trying to stop the emigration to the West, including Poland. However, there are few signs that the it could succeed in its efforts.
In the next five years, Ukraine could turn from an importer to an exporter of natural gas — argues Prime Minister Volodymyr Groysman. The country wants to achieve this goal by increasing gas extraction while reducing its consumption.
The forecasts for the growth of the Ukrainian economy are being revised downward. At best the country is facing stagnation this year, and at worst – an economic collapse.
A series of severe financial crises over the past decade has undermined the confidence of the Belarusian population in their domestic currency. The level of FX savings there is even higher than in Ukraine.
The blockade of Ukrainian ports on the Sea of Azov could have serious consequences for country’s economy. One solution would be to reroute the flow of goods to ports located on the Black Sea.