Tobaksgården 3
108 Stryiska Street
Tobaksgården 3
108 Stryiska Street
· State Tax Service Poised to Exceed Budget by $4 Billion: Hetmantsev's Promising Outlook
· Unlock €9.3 Billion in Funding for Ukrainian Businesses
State Tax Service Poised to Exceed Budget by $4 Billion: Hetmantsev's Promising Outlook
Danylo Hetmantsev has expressed his expectation that the State Tax Service will exceed the budget by a remarkable $4 billion. According to Hetmantsev, there are all the necessary prerequisites for a significant overachievement of the targets set by the Ministry of Finance, primarily through efforts in reducing the shadow economy.
This is a "promising outlook" and could have a substantial impact on the business.
Unlock €9.3 Billion in Funding for Ukrainian Businesses
The Ministry of Economy of Ukraine, in collaboration with the European Commission, has introduced the Ukraine Investment Framework under the Ukraine Facility program. This initiative offers guarantees, grants, and technical assistance, totaling €9.3 billion, to support Ukrainian businesses and the public sector. The framework aims to facilitate advantageous financing for projects in priority economic sectors, including energy, transportation, agriculture, critical materials, IT, and green transition initiatives.
Depending on the project's scale, funding can be obtained through:
Direct financing from International Financial Institutions for projects exceeding $10 million.
Direct financing from Development Financial Institutions for projects between $3 million and $10 million.
Financing from Ukrainian partner banks of International Financial Institutions for projects up to $3–$5 million.
