November 8, 2021

Ukraine named best country for IT outsourcing in Eastern Europe

Ukraine ranked first among Eastern European countries in terms of attractiveness for IT outsourcing according to a report by the Dutch software development and technology…

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November 3, 2021

Ukrainian Ministry of Finance publishes minimum wage increase schedule

The Ukrainian Ministry of Finance has received support from the Verkhovna Rada for the budget declarations for 2022-2024. Among other things, the declaration determines the…

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October 21, 2021

Accounting of charitable organizations and charitable foundations in Ukraine

The task of a charitable organization or foundation in Ukraine is to provide charitable assistance to their target audience. It is possible to register such…

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September 30, 2021

Average salary in Ukraine grows by 22 % during past year

The average gross salary in Ukraine as measured by the State Statistics Service amounted to 13,997 UAH in August 2021. This means that the average…

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September 3, 2021

Electronic documentation for accounting in Ukraine

In 2018, the executive branch of Ukraine recommended switching to electronic document management (EDM), and a year earlier, banks were prescribed the rules for using…

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August 19, 2021

Ukraine´s economy in recession due to Covid, inflation

The Ukrainian economy has showed two consecutive quarters of negative economic growth, contracting by 1,2 % in the first quarter and by 0,8 % in…

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August 12, 2021

Ukrainian Ministry of Economy has plans to reduce gender pay gap

The Ministry of Economy has developed a draft National Strategy to reduce the gender pay gap until 2023 and an action plan for its implementation.…

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August 4, 2021

Management reporting for companies in Ukraine

Most foreign companies starting operations in Ukraine are surprised by the volume and complexity of accounting duties that local legal entities have. In general, the…

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July 28, 2021

National Bank survey shows business confidence on highest level since October 2019

A monthly survey conducted by the Ukrainian National Bank showed the business activity expectations index or BAEI up 1.1 points from 50.5 in May to…

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