Economy
Sweden has contributed over €124 million to the Ukraine Energy Support Fund ahead of winter
Sweden has transferred €124.1 million to the Ukraine Energy Support Fund. As a result, the country’s total contribution to the fund has exceeded €386 million, whilst the support mechanism itself has surpassed the €2 billion mark since its inception.
Russia has banned the export of diesel fuel and is starting to import petrol
On 8 July, the Russian government introduced a temporary ban on diesel fuel exports and announced that it would begin importing petroleum products. The authorities attribute this decision to the difficult situation on the fuel market following damage to a number of oil refineries.
SkhidGZK is set to receive 555 million hryvnias from Energoatom: what will change at the company
The State-owned Eastern Mining and Processing Plant is to receive 555 million hryvnias in repayable financial assistance from Energoatom. The funds are to be used to modernise the enterprise, increase uranium ore extraction and boost the production of uranium oxide concentrate.
Legal cigarette manufacturers have not seen any impact from the ESBU’s work, as the black market is growing, according to Forbes
Business representatives consider the impact of the ESBU’s work to be insignificant, as, despite the agency’s claims that an illegal cigarette factory has been shut down, the black market in Ukraine continues to grow rapidly. According to Kantar Ukraine, it has reached 19.8 per cent. The Bureau describes these findings as “premature”.
The Economic Security Bureau is facing systemic problems and a staffing crisis – a report by the Verkhovna Rada’s Temporary Investigation Commission
In its final report, the Verkhovna Rada’s Temporary Investigative Commission concluded that the Economic Security Bureau of Ukraine is showing only partial positive progress. At the same time, the committee highlighted staff shortages, weak internal controls and the risk of the agency losing its institutional capacity.
The court has overturned the additional tax assessment of 3.7 million hryvnias imposed on Akhmetov’s company
The Odesa District Administrative Court upheld the claim brought by Portinvest Logistic LLC and annulled the tax assessment notice issued by the Main Directorate of the State Tax Service in the Odesa region. The tax authorities had imposed an additional tax liability of nearly 3.7 million hryvnias on the company in respect of non-resident income tax and penalties for the payment of dividends to the Cypriot company PORTINVEST LIMITED in 2017.
The black market in electronics costs the budget 20 billion hryvnias a year
The Ukrainian market for electronics and household appliances remains one of the sectors with a high level of the shadow economy. According to estimates by the parliamentary tax committee, the state budget loses around 20 billion hryvnias each year due to tax evasion schemes.
Ukrainian businesses make almost no use of state war insurance
The state programme for insuring against war risks has not yet gained popularity among Ukrainian entrepreneurs. As of early July, businesses had submitted fewer than 300 applications, and this could affect the level of funding allocated to the programme in the 2027 state budget.
The State Tax Service has appointed a new head of the Human Resources Department
There has been a change in personnel at the State Tax Service. Dmytro Slivinsky has been appointed Acting Director of the Human Resources Department, succeeding Dmytro Tsymbalyuk.
Greek companies have earned nearly $4 billion from transporting Russian oil over the past three years — media reports
Since July 2023, Greek shipping companies have earned at least $3.8 billion from transporting Russian oil.
Almost 2,000 items of equipment at the Supreme Court were ‘valued’ at 1 hryvnia — audit
The Audit Office has identified another significant irregularity during its financial audit of the Supreme Court. The residual value of 1,952 items of fixed assets was set at just 1 hryvnia, even though these assets continue to be used in the institution’s day-to-day operations.
Changes have been made to the calculation of pensions for internally displaced persons: who will be eligible and how will they now be awarded?
The Verkhovna Rada has passed a law that changes the approach to social protection for internally displaced persons.
