Tech

Culminating a three-year effort, yesterday the Rada gave final approval to two bills designed to stimulate in Ukraine the manufacture of electric cars, components and chargers.

Friday, July 16, 2021

For the next five years, VAT taxes are suspended on the import cars powered by electricity, methane or biogas. For the next 10 years, VAT taxes are suspended on the import of equipment to produce electric cars and components. Corporate income taxes will be waived for companies that produce electric vehicles, chargers, motors and lithium and lithium-ion batteries for electric cars for the next fifteen years.

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Friday, July 16
Energy

According to GMK Centre, Ukrainian steelmakers will need to invest $25 billion in order to meet the new low carbon standards of the EU and the US.

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Friday, July 16
Energy

Ukraine could displace China as the EU’s top “supplier of raw materials and components for these technologies of the future for Europe,

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Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

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