The Ministry of Finance is inclined to reform Ukraine’s simplified taxation system following the Polish model. According to the Deputy Minister of Finance, Svitlana Vorobey, “We took the Polish taxation system of small and medium-sized businesses as a basis. Poland has a differentiated system, with rates rangi... #ReformsinUkraine #SvitlanaVorobey #UkraineTaxation #UkraineTaxSystem
Taxes, customs, finance, and budget: the Ministry of Finance implemented 46% of all EU legal acts in Ukraine. The Ministry of Finance fully implemented 742 acts, 46% of the total number of acts of EU law implemented by Ukraine, preparing for negotiations to join the EU. The Ministry of Finance is responsible ... #EKrecommendation #EuropeanIntegration #ReformsinUkraine #UkraineCustoms #UkraineTaxSystem
The Ukrainian Parliament adopts several laws necessary for starting negotiations on joining the EU. To fulfill the EC’s criteria for the opening of negotiations on Ukraine’s accession to the EU, Ukraine’s parliament approved a draft law on increasing the resources of the National Anti-Corrupti... #AssociationwithEU #NABU #NACP #ReformsinUkraine #SAPO #UkrainianParliament
Another stage of land market reform in Ukraine will start in a month: the government provides its price forecast. Beginning January 1, 2024, legal entities, i.e., holdings that currently rent land, will be able to buy agricultural land. However, the Minister of Agrarian Policy, Mykola Solsky, believes that the pr... #agroukriane #FarmLandSale #LandMarketUkraine #MykolaSolsky #ReformsinUkraine
Ukraine has fulfilled most IMF and EU structural beacons on time, but there are some delays. During the nine months of the IMF program, requirements have been met for 16 of the IMF’s 23 structural beacons and eight of the 20 conditions under the EU program. The country has neither fulfilled n... #EKrecommendation #imf #IMFStructuralBeacons #ReformsinUkraine
Ukraine approves a plan for reforms necessary to join NATO. The Commission on European and Euro-Atlantic Integration approved the draft of the adapted Annual National Program (ANP) for 2024. This document defines the criteria for Ukraine’s eligibility fo... #AssociationwithNATO #OlhaStefanishyna #ReformsinUkraine #UkraineNATO
Ukraine is adapting trade protection legislation to comply with EU regulations, which will strengthen protection for its producers. The Cabinet of Ministers approved the drafts of three laws that adapt Ukrainian legislation in the field of trade protection to EU regulations. The first draft law, On Protective Measures, proposes a ... #ReformsinUkraine #UkraineImport #UkraineTrade #UkrainianEnterprises
The EC believes Ukraine can complete the rest of the reforms by March 2024, and Zelenskyy orders the preparation for negotiations. Completing the necessary reforms will allow the framework of future negotiations on EU membership to be approved, said EC officials. These are reforms related to the fight against corruption, limiting... #AssociationwithEU #EKrecommendation #EuropeanIntegration #ReformsinUkraine #UkraineEU #Zelenskyy
The European Commission has recommended starting negotiations on Ukraine’s accession to the EU, which was announced by the head of the EC, Ursula von der Leyen, during a press conference in Brussels on November 8. “Ukrainians are deeply reforming their country and preparing for accession, ... #AssociationwithEU #EuropeanIntegration #ReformsinUkraine #UkraineEU #UrsulavonderLeyen
The European Commission reports on Ukraine’s progress in its reforms. The EC’s report on Ukraine’s progress notes that Ukraine “made some progress” in the fight against corruption and “intensified reforms in this area” after receiving candi... #EuropeanIntegration #ReformsinUkraine #UkraineAccessionToEU #UkraineEU
Ukraine takes another step towards receiving €50B from the EU. Prime Minister Denys Shmyhal said that Ukraine is submitting the preliminary draft plan for the Ukraine Facility program to the European Commission. He noted that the Ukraine Facility, or Ukraine Plan... #DenysShmyhal #ReformsinUkraine #UkraineFacility #UrsulavonderLeyen
The World Bank has analyzed Ukraine’s ability to attract private investment with and without reforms. Today, Ukraine needs at least $411B in investments to recover. IFC and WB experts have assessed the “no reforms” scenario that was observed before the war. In this case, the involved priva... #ifc #InvestmentsinUkraine #ReformsinUkraine #UkraineRecovery #worldbank
The EU will positively assess Ukraine’s move towards membership, but additional conditions may appear. The European Commission plans to present on November 8 a positive assessment of Ukraine’s progress made on its application for EU membership, but this assessment may contain additional conditions for ... #AssociationwithEU #EuropeanIntegration #ReformsinUkraine #UkraineEU
More Ukrainians want to be a NATO member than to join the EU. However, the absolute majority of Ukrainians support joining both the EU and NATO. However, people currently consider joining the Alliance as a higher priority, according to the Kyiv Institute of Soci... #EuropeanIntegration #ReformsinUkraine #SociologicalSurvey #UkraineEU #UkraineNATO
Ukraine has fulfilled its IMF and EU requirements and strengthened control over the expenses of politically exposed persons, and moves toward another beacon. In the second reading, the Ukrainian Parliament supported draft law No. 9296-d on strengthening financial monitoring of politically exposed persons (PEP). The document’s main innovation is that top of... #imf #IMFStructuralBeacons #PEP #ReformsinUkraine
Only 50% of Ukrainians support Ukraine’s development vector. According to research performed by the Razumkov Center, almost half of Ukrainian citizens (48.7%) believe that events in the country are developing in the right direction. At the same time, the number... #RazumkovUkraine #ReformsinUkraine #SociologicalSurvey #UkraineDevelopment
The OECD gives strong praise to Ukraine’s achievements in anti-corruption policy. A Ukrainian delegation, led by the deputy head of the National Agency on Corruption Prevention (NACP), Yaroslav Lyubchenko, participated in the presentation of the Report from the OECD during the 5th ... #OECD #ReformsinUkraine #UkraineFightingCorruption #YaroslavLyubchenko
The IMF has assessed Ukraine’s implementation of the memorandum program: what else needs to be done? According to the head of the IMF mission, Gavin Gray, Ukraine first must adopt the new gas transportation system operator statute. Secondly, it is still waiting for resolution on the issue of business... #BudgetCodeUkraine #GavinGray #imf #IMFprogramforUkraine #ReformsinUkraine
The IMF advises Ukraine to optimize tax collection against a possible decrease in international financial support. As the head of the IMF mission, Gavin Gray, noted, this should be considered because the need to finance social expenditures will increase after the war’s end. “That’s why the author... #financialaidforUkraine #GavinGray #imf #ReformsinUkraine #TaxesUkraine
The European Parliament changed the four-year, €50B Ukrainian support plan to provide greater transparency. The European Parliament’s budget and foreign affairs committees overwhelmingly supported a proposal for a multi-year, €50B plan. One of the key demands from MEPs is the use of frozen Russian ass... #EUaidforUkraine #ReformsinUkraine #RussianAssets #UkraineFacility #UkraineRecovery
The IMF predicts growth for Ukraine’s economy and names priority reforms. Deputy head of the IMF mission in Ukraine, Natan Epstein, said that this year the IMF expects the Ukrainian economy to grow from 1.3% to 3%. He also positively assessed the NBU’s decision to switch to... #EFFprogram #GavinGray #imf #NatanEpstein #ReformsinUkraine #UkraineEconomy
The Ministry of Reconstruction has presented an anti-corruption program for rebuilding the country. The Ministry identified 50 key corruption risks and has developed countermeasures to prevent fraud. The risks relate to the reconstruction process, public procurement, management of state-owned enterp... #CorruptionUkraine #fightingcorruption #ReformsinUkraine #UkraineReconstruction
The EU considers Ukraine’s accession to the bloc in 2030 realistic, said the Ambassador of the EU to Ukraine, Katarina Mathernova. She added that Ukraine needs to maintain its pace of reform, which is not always linear. At the same time, Mathernova warned that the ter... #AssociationwithEU #KatarinaMathernova #ReformsinUkraine #UkraineEU
The US has announced a required list of reforms for the continuation of aid to Ukraine. These reforms center around the introduction of supervisory boards at state-owned enterprises and strengthening the independence of the NABU and SAP. “This list was provided as a basis for consu... #JoeBiden #NABU #ReformsinUkraine #USsupportsUkraine #Zelenskyy
Ukraine has fully implemented the EC’s seven recommendations. The government has adopted the target program, Unity in Diversity, to realize the rights and opportunities of national minorities and indigenous peoples, Prime Minister of Ukraine Denys Shmyhal said. ... #AssociationwithEU #DenysShmyhal #EKrecommendation #ReformsinUkraine #UkraineEU
The economic and anti-corruption effect of digitalization has exceeded UAH 16B: three anti-corruption decisions were adopted. These results were achieved in two years, said Prime Minister of Ukraine Denys Shmyhal. He noted that digitalization eliminates the human factor and brings government services closer to a distant pers... #anticorruptionreforms #DenysShmyhal #DigitalizationOfUkraine #ReformsinUkraine #UkraineFightingCorruption
Ukraine has fulfilled another IMF beacon: a reformed GTS Operator. The President of Ukraine, Volodymyr Zelenskyy, signed a law that optimizes the structure of the Gas Transport System Operator of Ukraine (OGTSU). These measures are provided for in a memorandum with t... #IMFStructuralBeacons #ReformsinUkraine #UkrainianGTS #Zelenskyy
The Ukrainian Parliament has proposed a new tax for banks, providing UAH 10B to the budget. The parliament’s tax committee is preparing a draft law that allows for additional taxation of net interest income or excess bank profits. “Most likely, the new law will come into effect i... #DanyloHetmantsev #ReformsinUkraine #TaxesinUkraine #UkraineBanksProfits
How to raise $1 trillion in investment for Ukraine? Economists propose to deregulate business, lower taxes, privatize state property, and reduce the state’s influence on the economy, which will encourage entrepreneurs to open their businesses in ... #InvestmentsinUkraine #ReformsinUkraine #UkraineEconomy #бізнесвУкраїні #ПриватизаціяУкраїна
Ukraine makes progress on the IMF beacons: the law restricting revisions to the state budget has been signed. President Volodymyr Zelenskyy has signed a law with amendments to the Budget Code to ensure predictability for budget policy and to strengthen debt sustainability. The law’s passage represents t... #IMFStructuralBeacons #ReformsinUkraine #UkraineBudget
The Ukrainian government will support businesses with large investments. The Ukrainian Parliament adopted a draft law establishing state support of investment projects with significant investments, said the permanent representative of the Cabinet of Ministers in the Verkho... #BusinessInvestments #InvestmentsinUkraine #ReformsinUkraine #TarasMelnychuk
The G7 has highlighted their expectations for investment in the reconstruction of Ukraine. The ambassadors of the Group of Seven nations have identified the steps and reforms that are expected from Ukraine in preparation for the post-war reconstruction of the country and the arrival of West... #DenysShmyhal #G7 #InvestmentsinUkraine #ReformsinUkraine #UkraineReconstruction
Ukraine is way ahead of Germany in digitization. “Ukraine is economically competitive and has a good prospect of becoming a member of the European Union”, said the president of the EIB, Werner Hoyer. According to him, “In the field... #digitalizationGermany #DigitalizationOfUkraine #ReformsinUkraine #WernerHoyer
The IMF has added four structural benchmarks to the program with Ukraine. These have been added to the updated memorandum, which Ukraine must fulfill to receive the third tranche of aid. Two of them must be completed by the end of September. In particular, the articles of t... #imf #IMFprogramm #IMFStructuralBeacons #ReformsinUkraine
A new reform: A tax office without tax officers and a customs office without customs officers. President Volodymyr Zelenskyy promises a radical reform of the tax and customs services, tax reduction, and minimization of contacts between officials and citizens but in exchange for the closure of t... #CustomsReform #DigitalizationOfUkraine #ReformsinUkraine #taxreform #Zelenskyy
Ukraine has fulfilled two of the seven conditions to begin negotiations on joining the EU. According to Reuters, the EU will present a report recognizing Ukraine’s fulfillment of two of the seven conditions for starting negotiations on EU membership this week. The European community w... #AssociationwithEU #ReformsinUkraine #UkraineEU
The EU is preparing a program to support Ukraine worth tens of billions of euros. The program was designed for the next four years, until 2027, sources among European diplomats and officials told FT. This long-term planning will give Ukraine more certainty in its finances and shoul... #EUsupportforUkraine #financialaidforUkraine #ReformsinUkraine #SupportUkraine
The Ukrainian Parliament supports the resumption of large-scale privatization. In addition, the transfer of confiscated sanctioned assets to the State Property Fund has been simplified. The new draft law envisages expanding the powers of the head of the State Property Fund (SPFU... #BigPrivatizationUkraine #PrivatizationUkraine #ReformsinUkraine #StatePropertyFund
Reducing the state’s role in the economy will accelerate Ukraine’s European integration. This is the opinion of analysts from the US non-governmental organization, Atlantic Council, which studies international relations and security issues. They refer to a report from the European Commiss... #AssociationwithEU #AtlanticCouncil #PrivatizationinUkraine #ReformsinUkraine #UkraineEU
The Ukrainian government will ease restrictions for businesses. According to EBA, the NBU currently understands that currency restrictions are gradually exhausting their function, and the macroeconomic situation in the country is stabilizing. Because of this, the ... #CurrencyLiberalization #EBA #nbu #ReformsinUkraine #RestrictionsForBusinesses
The G7 finance ministers have announced $44B in increased support for Ukraine and new sanctions against Russia. It is noted that similar support from the Big Seven allowed approval of the IMF’s four-year program for Ukraine, enabling Ukrainian authorities to ensure the government’s function, continue to ... #G7Summit #IMFprogramm #ReformsinUkraine #SanctionsAgainstRussia
In the new economic model, Ukraine will become a resource center of Europe. “The large-scale war created new challenges and work priorities, forcing us to rethink the role of the ‘Ukrainian architecture of reforms’ project,” noted Prime Minister of Ukraine Denys Shmyhal durin... #DenysShmyhal #ReformsinUkraine #UkraineEconomy
The Ukrainian government is preparing to reboot customs. On April 11, the Ukrainian Parliament introduced amendments to the customs code. The document envisages a transparent competition for the head of the State Customs Service with the involvement of inte... #CustomsUkraine #ReformsinUkraine
The new $15.6B IMF program contains 10 fiscal and 4 anti-corruption structural benchmarks. More than half of the required tasks are related to taxation, and others are devoted to the fight against corruption. The nearest fiscal beacon is a law taking effect by May to increase state budget e... #IMFprogramm #ReformsinUkraine
Ukraine and the IMF have agreed on a four-year, $15.6B program. As the IMF specified, the agreement still has to be approved by the Fund’s Board of Directors in the coming weeks. The program’s goal is to maintain fiscal, external, and financial stabili... #IMFandUkraine #IMFprogramm #ReformsinUkraine
Ukraine’s anti-corruption program will ensure economic growth and European integration for Ukraine, the Ministry of Economy is convinced. According to the Minister of Economy, Yulia Svyridenko, it is necessary to expand and strengthen what has already been accomplished in this area, to improve the s... #anticorruptionreforms #ReformsinUkraine #YuliyaSvyridenko
G7 and EU ambassadors expect tough anti-corruption decisions from Ukraine. The G7 and the EU ambassadors expect Ukraine to resume electronic declarations and approve the State Anti-Corruption Program. The approval of the program will help Ukraine save taxpayers up to UAH 200... #anticorruptionreforms #CorruptioninUkraine #ReformsinUkraine
The European Commission’s report on Ukrainian legislation’s conformity with EU legislation in order to join the EU is at the final stage. The European Commission is completing the preparation of an analytical report on the compliance of Ukrainian legislation with EU legislation, which is an addition to the primary conclusion regarding t... #AnaPisonero #ReformsinUkraine #UkraineAccessionToEU
Ukraine presents reforms for rebuilding the infrastructure. The Minister of Infrastructure, Oleksandr Kubrakov, spoke about the key directions of the Ministry’s work, which are necessary to implement transparent and effective reconstruction of the destro... #OleksandrKubrakov #ReformsinUkraine #UkraineReconstruction
Ukraine has presented a 10-year plan for a three-fold economic jump. The Ministry of Economy presented 10-step plan to international experts that Ukraine needs to triple its economy. The plan envisages the transition from a transitional economy of $4,000 per capita GDP... #economyofukraine #ReformsinUkraine #YuliyaSvyridenko
