Which businesses in Ukraine have been most affected by the blockade of the Polish border? The European Business Association noted: “Among the EBA members, different businesses had a negative impact from the strike on their operations. These are retailers and heavy industry enterprise... #BorderBlockade #EBA #UkraineTrade #ukrainianbusiness #UkrainianEnterprises
The EBRD plans to increase support for Ukrainian businesses next year. As the Minister of Economy of Ukraine, Yulia Svyridenko, reported after the meeting with the President of the EBRD, Odile Renaud-Basso, the bank is ready to participate in financing the demining of ag... #ebrd #OdileRenaudBasso #SupportUkraine #ukrainianbusiness #YuliyaSvyridenko
Ukrainian entrepreneurs need diplomatic support to export to 16 countries. These companies are in the food, dairy, beverage, textile, furniture, cosmetic, and IT industries, informs the Ministry of Foreign Affairs’ Nazovni service. The largest numbers of requests for d... #NAZOVNI #UkraineForeignTrade #ukrainianbusiness #ВідвантаженнятоварівУкраїна
USAID plans to invest $230M in Ukrainian business. The US Agency for International Development will work with Congress to accomplish this goal. USAID head Samantha Power said that the money should help companies comply with EU rules and export more go... #BusinessInvestments #SamanthaPower #ukrainianbusiness #USAID
Luxembourg is interested in microfinancing Ukrainian businesses. During a video meeting the Minister of Economy of Ukraine, Yulia Svyridenko, and her colleague from the Grand Duchy of Luxembourg, Franz Fayo, discussed the restoration of Ukraine, humanitarian demini... #FranzFayo #LuxembourgAidForUkraine #MilitaryRiskInsurance #ukrainianbusiness #YuliyaSvyridenko
Ukrainian business receive constant support to keep the economy alive. According to the Ministry of Economy, another 323 Ukrainians will receive UAH 77M worth of microgrants from the state for starting and developing businesses under the Own Business program. Since the b... #GrantsForBusiness #LoansforBusiness #SupportBusiness #ukrainianbusiness
Last year, the 1,000 largest Ukrainian companies earned UAH 6 trillion. According to YouControl, most top enterprises are companies that were registered 15-30 years ago. The mentioned 1,000 companies provide more than 50% of the total revenue of all enterprises in the cou... #UkraineCompaniesProfit #ukrainianbusiness #UkrainianEnterprises
A Ukrainian product manufacturer enters the EU market, and Poland is the first step. A producer of ice cream and frozen semi-finished products, Three Bears, has begun its expansion into Europe. For this purpose, the company took an unsecured loan for UAH 210M from Raiffeisen Bank unde... #EUmarket #LoansforBusiness #ThreeBears #ukrainianbusiness
A third of companies in Ukraine lost more than $1M due to the war. Businesses in Ukraine continue to lose money due to the war. As of now, 33% report losses of up to $1M, 37% report losses in the range of $1-$10M, 10% report losses of more than $10M, according to a s... #BusinessduringWar #ukrainianbusiness
Ukrainian business giants will help their smaller counterparts to resume trade. Large Ukrainian companies have united to help restore domestic producers and sellers of goods affected by the war. These companies are OLX, lifecell, Webpromo, Visa, monobank, Ringostat, Nazovni, and ... #NAZOVNI #UkraineEconomy #UkraineTrade #ukrainianbusiness
Blackouts have forced only 1% of Ukrainian businesses to stop working. According to an European Business Association (EBA) study, during constant power outages over the past two months the instability of electricity supply forced 66% of companies to change their work sc... #BusinessduringWar #UkraineBlackout #ukrainianbusiness
The IFC will provide $2B in finances for Ukrainian businesses. The Board of Directors of the International Finance Corporation (IFC), which is part of the World Bank, has supported a $2B financing program for Ukrainian businesses, Ukraine’s Economy Minister... #GrantsForBusiness #ifc #ukrainianbusiness #YuliyaSvyridenko
Due to blackouts, some Ukrainian companies are ready to stop production. Mass blackouts have become a significant test for all business sectors. So far, companies have not been forced to close, but some are already considering the possibility of suspending production, said... #AnnaDerevyanko #UkraineBlackout #UkraineENergySystem #ukrainianbusiness
The National Bank is assisting Ukrainian exporters in entering new markets. The National Bank created the conditions for Ukrainian exporters to participate in tenders for the supply of goods to non-residents. Since November 5, banks have been allowed to provide tender guarant... #nbu #ukrainianbusiness #UkrainianExport
Ukrainian business will be able to borrow billions from the US federal government. The United States Development Finance Corporation (DFC), an agency of the US federal government, is ready to lend money to Ukrainian businesses within the framework of individual projects in amounts r... #DFC #LoansforBusiness #ukrainianbusiness
Ukrainian businesses have started operating in foreign markets in order to survive. According to a Mastercard SME Index study, almost a third of Ukrainian enterprises already operate not only in the domestic market but also for foreign markets. It is noted that currently, among the p... #ExportofUkrainianGoods #UkraineGoodsforForeignMarkets #ukrainianbusiness
Lithuania exempts Ukrainian entrepreneurs from taxes. Ukrainian entrepreneurs (FOP), who moved due to the attack of the Russian Federation on Ukraine, are not obliged to pay taxes or submit a tax return, Lithuanian authorities have officially announced. ... #businesstaxes #UkraineLithuania #ukrainianbusiness
Almost 65,000 Ukrainian enterprises remain in the occupied territories. About 65,000 businesses (5% of the total legal entities in Ukraine) work in the temporarily occupied territories, reported Opendatabot. With the start of a full-scale war on Ukrainian territory, busin... #BusinessduringWar #businesstaxes #ukrainianbusiness
Ukrainian business abroad has been exempted from the risk of double taxation. Ukrainian authorities have solved one of the key problems of entrepreneurs abroad – the risk of double taxation. In particular, it is now possible to get a certificate confirming Ukrainian tax r... #businesstaxes #ukrainianbusiness
Ukraine has developed a methodology for determining business losses due to war. The Ministry of Economy, together with the State Property Fund, completed the development of a methodology for determining the losses suffered by enterprises as a result of the Russian Federation’s mi... #UkraineDamages #ukrainianbusiness
Most Ukrainian entrepreneurs reported a significant income decrease due to the war. According to a Mastercard survey, 79% of respondents stated a decline in business volume. This reduction ranges from 50% to 99% for half of the entrepreneurs. However, every fifth entrepreneur managed... #UkraineBusinessDuringWar #ukrainianbusiness
The business activity expectations index increased by 2 points in July. Ukrainian business has somewhat improved the assessment of its economic activity prospects. The index of business activity expectations in July 2022 increased to 43.6 points against 41.3 in June, stat... #BusinessExpectation #ukrainianbusiness #БізнесНовиниУкраїни
More than 424 Ukrainian entrepreneurs will receive state grants. About UAH 98.2M will be transferred to their accounts, the press service of the Ministry of Economy reported. It is noted that entrepreneurs can spend the funds on purchasing or leasing equipment, ren... #GrantsForBusiness #stategrants #ukrainianbusiness
Ukraine’s business relocation trends during the war. Most businesses moved within Ukraine to the central or western regions, 11% of surveyed enterprises relocated abroad, and 17% said that they moved both within Ukraine and abroad, reported a Gradus sur... #BusinessduringWar #BusinessRelocation #ukrainianbusiness
