Ruslan Stefanchuk (President of Ukraine’s Vekhovna Rada -Parliament of Ukraine-) announced that the Parliemant had approved the exemption from payment of taxes and import duties on components (materials, units, assemblies, equipment and components) imported by Ukrainian companies into the country for its own drone production, manufacturing and repair activities during the period in which martial law is in force.
But this is not the only measure aimed at stimulating national production and investment in the Ukraine during the war and already eyeing the after war reconstruction period.
The Ukrainian Parliament proposed the creation of mechanisms to stimulate export activities, in particular, providing legal grounds for the country’s export credit agency to insure investments by Ukrainian companies against military dammage risks in Ukraine.
On May 25th 2023, the Council of the European Union extended the suspension of all customs tariffs, quotas and trade defense measures on Ukrainian exports to the EU for another year, until June 2024.
Ukraine’s Verkhovna rada approves tax exemptions to stimulate the manufacture and repair of drones inside the country
- Eva González
- 29/05/2023
- No Comments
Latest news
NATO members agree on a just one step process for Ukraine to join the North Atlantic Treaty Organisation
The invitation to join NATO and this shorter path for membership will not be issued and applied respectively with while the war keeps ongoing in Ukraine.
Chef José Andrés, to include first ever cultivated chicken dish in the menu of China Chilcano restaurant
Reservations to experience “Anticuchos de Pollo” dish made of cultivated chicken by José Andrés at China Chilcano restaurant will open from 25th July on.
Kyosk Digital Services improves fresh food produce distribution in Africa through KwikBasket purchase
With KwikBasket Kyosk is able to revolutionise the way fresh produce is sourced, distributed, and enjoyed in Africa catering to the needs of every stakeholder of the food value chain…
Africa's Renewable Energy: Looking Ahead
Though Africa’s climate and geography are ideally suited to take advantage of renewable energy, natural gas is the largest source of power in this continent at 45% in 2023, and…
Subway will add 4,000 new restaurants in Mainland China through sound master franchise agreement with leading local partners
Subway will grow its presence in Mainland China by more than seven times with this master franchise contract, the largest in Subway history.
Clean energy access gap's pace of reduction, far from achieving SDG7 by 2030, The Energy Progress Report warns
In 2021, 567 million people in sub-Saharan Africa did not have access to electricity, accounting for more than 80% of the global population in this situation.
Global energy crisis, boosting the highest ever jump of renewables worldwide: renewable power capacity expected to grow by a third this year with extended momentum in 2024
IEA tells about the largest increase in capacity and the highest rise ever in clean energy global investment with China accounting with 55% of additions of capacity
Ukraine's economy to grow between a 1 to 3% this year despite war uncertainty and paving the way steadily towards EU accession, IMF foresees
Ukraine will need $14Bn for critical and priority reconstruction and recovery investments just in 2023. Total rebuilding needs will amount to over $411Bn
Ukraine's Verkhovna rada approves tax exemptions to stimulate the manufacture and repair of drones inside the country
This is not the only measure aimed at stimulating national production and investment in Ukraine during the war and eyeing the after war rebuild period.
Japanese MUFG Bank announces investment in Indian fintech company DMI Finance
DMI Finance covers 95% of India's pincodes, has an accessible customer base of 25 mill and provides embeded fintech services for Samsung, Google and Airtel, as well as financial services…
New energy inflationary pressures in the horizon?.- OPEC approves additional 1.66 million b/d production cut effective from next May to the end of 2023
After the production cut announcement Brent price per barrel experienced a price hike of 5.31% to $84.13, the highest in almost a year.
US Federal Reserve increases interest rates a 0.25% despite SVB and SB fall outs
Pushing iflation down to the 2%, more important than already controlled fall outs of SVB and SB, but further increases will be carefully considered by USFR
