News
Why Do Companies Stick with Poor Accounting & Payroll Providers?
For many businesses, outsourcing the accounting and payroll functions helps them simplify company operations whilst being able to take advantage of financial and legal specialists, optimise costs…
National Bank of Ukraine launches joint Twinning project with EU-backed central banks of Poland and Lithuania
On October 1, 2020, the National Bank of Ukraine launched a joint project with the National Bank of Poland and the Bank of Lithuania. This…
Organizations are obliged to have job descriptions for employees
Each employee must be informed of their job responsibilities against a signed receipt. Lack of job descriptions is a violation of labor law. If…
Ukraine publishes preliminary schedule for increasing the minimum wage
The Ministry of Finance of Ukraine published a preliminary schedule for increasing the minimum wages in Ukraine. The schedule is as follows (wages per month):…
Quarantine in Ukraine extended until April 24
The Cabinet of Ministers of Ukraine extended quarantine in connection with the coronavirus pandemic. The government made this decision during a meeting on Wednesday, March…
Hoping for the best, preparing for the worst – a business guide to surviving the corona pandemic
A healthy economy is the lifeblood of a nation, but in a situation where borders are closed, events cancelled and socialising heavily curbed, many industries…
New disclosure rules for end beneficiaries of companies in Ukraine
On April 28, 2020, a new Law No. 361-IX of December 6, 2019, which provides for new rules for disclosure of final beneficiaries of legal…
EBA meets with Volodymyr Zelensky
The European Business Association, the most powerful association of businesses in Ukraine, met with president Volodymyr Zelensky on 13.02.2020. The agenda of issues included talks…
Minimum wage in Ukraine increased as of January
The minimum wage in Ukraine since 1st of January 2021 is 6000 UAH per month, or approximately 190 euro. Please note also that the minimum…