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108 Stryiska Street
· National Bank Issues Guidelines for Banks to Detect Fake Documents and Mitigate Risks
· National Bank of Ukraine Raises Discount Rate to 15.5% to Control Inflation and Stabilize Foreign Exchange Market
· New "Solva-Tech" Industrial Park to Boost Zakarpattia’s Economy
· Ukraine Enhances Industrial Park Operations with New Bill
National Bank Issues Guidelines for Banks to Detect Fake Documents and Mitigate Risks
The National Bank has provided recommendations to banks on how to identify fake documents submitted by clients. Fake documents expose banks to high risks of money laundering or terrorist financing. Banks are advised to exchange information about the movement of funds in the accounts of clients suspected of providing fake documents. The letter from the National Bank highlights the importance of verifying the authenticity of financial statements provided by clients. Banks can use financial statements available on the Unified State Web Portal of Open Data and the YouControl resource for verification. The decision to verify the authenticity of specific documents, especially in cases of unusually large financial transactions, should be based on a risk-oriented approach.
National Bank of Ukraine Raises Discount Rate to 15.5% to Control Inflation and Stabilize Foreign Exchange Market
The National Bank has approved a new discount rate of 15.5%! The Board of the National Bank of Ukraine has decided to raise the discount rate to 15.5% per annum and adjust the parameters of the operational design of interest rate policy. These decisions are aimed at maintaining the attractiveness of savings in hryvnia, preserving the stability of the foreign exchange market, and controlling inflation expectations, which will allow inflation to return to a trajectory of sustainable slowdown to the target of 5%. The NBU will be ready to take additional monetary measures in case of further strengthening of risks to price dynamics and inflation expectations. The decision was made on March 6, 2025. This is the second increase in 2025
New "Solva-Tech" Industrial Park to Boost Zakarpattia’s Economy
The Ukrainian government has approved the establishment of the "Solva-Tech" industrial park in the town of Svalyava, Zakarpattia. This park, which is the 11th in the region, was added to the National Register of Industrial Parks on March 7. Spanning over 10 hectares, the park will focus on timber processing, furniture production, and related industries. It is expected to attract investments totaling nearly 344.8 million UAH, contributing to regional economic growth. Over the next 30 years, the park aims to create up to 400 new jobs in areas such as wood processing, furniture manufacturing, organic chemical production, building materials, alternative energy, and research and development. "Solva-Tech" is the fourth industrial park added to the Register in 2025.
Ukraine Enhances Industrial Park Operations with New Bill
On February 11, 2025, the Ukrainian Parliament approved the first reading of draft law №12117, aimed at improving the operation of industrial parks in the country. The bill seeks to facilitate the construction of new factories, with 25 already established despite the ongoing war, and more expected. Key provisions of the draft law include clearer roles for stakeholders, the ability for park initiators to also serve as managing companies, and an expanded range of allowed activities, such as self-generated electricity. It also introduces the concept of eco-industrial parks, regulates the placement of non-industrial facilities like educational centers and restaurants, and streamlines the process for adding or removing parks from the national register. Additionally, it broadens investment restrictions to include Belarus and Iran alongside Russia and enables park management companies to access the government’s "5-7-9" loan program.
