News
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…
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…
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…
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.…
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…
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…
Payroll taxes and cost of employment in Ukraine
Some of the most important information for foreign investors when considering investment projects in countries concern the cost of labor and employment. We put together…
A 3-month campaign of disclosing end beneficiaries of ukrainian enterprises starts on July 11 – what to do?
The Ministry of Finance reminds that on July 11 the campaign of disclosure by business entities of their ownership structure and final beneficiaries will begin.…
Ukraine moves to electronic records of labor activity
From 10.06.2021 records of labor activity are kept in electronic form in Ukraine. What are the advantages of e-labor records? According to the Ministry of…