Business news from Ukraine

Business news from Ukraine

State Youth Housing Agency plans to provide housing for another 1.4 thousand IDP families in 2025

The State Fund for Youth Housing Construction (Derzhmolodzhytlo) has provided housing for 2,240 families during the period of housing programs for internally displaced persons (IDPs), and plans to solve the housing issue of about 1,400 more families in 2025, the press service of Derzhmolodzhytlo told Interfax-Ukraine.

“In total, as of February 6, 2025 (and since 2017, when IDPs appeared as a separate category in state and local housing programs – IF-U), the State Youth Housing Agency has provided housing for 2,240 IDP families. In particular, 996 IDP families received a loan program funded by a grant from the German government through KfW Development Bank for a total of UAH 1.627 billion,” said Mykola Marchuk, Chairman of the Board of the State Agency for Housing and Urban Development.

In addition, 890 IDP families received loans under the program of providing citizens with affordable housing at the expense of the state budget, which was financed in 2017-2019. Another 138 families received government loans for IDPs and ATO (JFO) participants to purchase housing. Active lending took place in 2019. Today, new loans are provided through the repayment of previously issued loans. In addition, 110 families received loans through local targeted programs, and 106 families received loans at the expense of the authorized capital of the State Agency for Housing and Urban Development.

According to the agency, the active request is many times higher than the assistance provided. In particular, only for the program of providing soft loans at the expense of grant funds from the German government through KfW (CMU Resolution No. 451 of April 28, 2021), 30.5 thousand candidates were registered as of January 1, 2025, and as of February 1, 34.4 thousand candidates were registered in the register.

The grant program provides for the most favorable conditions for IDPs in Ukraine: a minimum down payment of 6%, a fixed loan rate of 3%, and a loan term of up to 30 years or until the borrower reaches retirement age. The loan object may be housing on the secondary market not older than 50 years from the date of commissioning. A family of one or two people can buy a 52.5-square-meter home and an additional 21.5 square meters for each additional family member.

As part of the grant agreement, the German government provided Ukraine with EUR 42.5 million in two tranches (EUR 25.5 million and EUR 17 million) on a non-refundable basis. Under this program, the State Agency for Youth and Housing has already selected 20 participants. In the coming days, the agency will issue the 1000th loan under this program.

“For 2025, the State Budget envisages an increase in the authorized capital of the State Agency for Housing and Urban Development by UAH 24 million. We also expect UAH 75 million to be repaid by borrowers from previously issued loans. And we expect that programs funded by local governments will be financed at the level of UAH 240 million this year. We will use these funds to meet the housing needs of young people and partially to lend to IDPs and combatants. We are working to preserve and continue the joint project with Germany,” Marchuk said.

He reminded that on January 31, 2025, the Council of Europe Development Bank (EBRD) decided to allocate a loan of EUR 50 million for a mortgage program for Ukrainian IDPs through the State Agency for Youth and Housing.

“Thanks to the EBRD funding, a new stage of the IDP program will be launched in the near future on terms completely similar to those of the program with KfW. According to estimates, EBRD funding will allow about 1.1 thousand IDP families to purchase housing this year, and state and local programs will help about 300 more,” Marchuk said.

Ukraine increased exports of dairy products in January

In January 2025, Ukraine exported 8.1 thousand tons of dairy products, which is 12% more than in December 2024, and 23% more than in January 2024, the Association of Milk Producers (AMP) reported, citing data from the State Statistics Service.
The industry association noted that the main export categories were milk and cream, condensed – 29%, milk and cream, not condensed – 21%, whey – 18% and cheeses – 12%.

In January 2025, compared to December 2024, Ukraine increased natural exports of butter to 749 tons (+71%), ice cream to 490 tons (+37%), condensed milk and cream to 2.33 thousand tons (+16%), whey to 1.44 thousand tons (+12%), butter to 422 tons (+10%) and cheese to 935 tons (+9%). However, over the past month, Ukrainian exporters have reduced shipments of milk and cream, not condensed to 1.72 thousand tons (-9%) and did not supply casein to foreign markets.

The AMP noted that January exports in 2025 increased compared to January 2024 for the following products: butter (+198%), ice cream (+77%), whey (+55%), cheeses (+52%), butter (+42%), and condensed milk and cream (+38%). Ukrainian exporters shipped milk and cream, not condensed, by 32% less than last year.

AVM analyst Giorgi Kukhaleshvili suggested that Ukrainian companies stepped up export activity in January 2025, taking advantage of high prices for commodities in the world. In particular, the European market was in demand for large wholesale quantities of butter. Consequently, demand for butter, cheese, and milk powder increased in January on export markets, likely due to preparations for the Chinese New Year and Ramadan.

At the same time, in January 2025, Ukraine imported 5.02 thousand tons of dairy products, which is 34% less than in December and 6% less than in January 2024. Compared to December 2024, Ukraine increased imports of whey to 628 tons (+17%), butter to 615 tons (+165%) and ice cream to 51 tons (+53%), the AMP summarized.

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Ministry of Finance has updated list of risky countries for TP control

The Ministry of Finance of Ukraine has reminded that as of January 1 of the reporting year 2025, an updated list of states (territories) for transfer pricing purposes came into force.

The Ministry notes that this is provided for by Law No. 3813-IX, adopted on June 18, 2024, on the peculiarities of tax administration during martial law for taxpayers with a high level of voluntary compliance with tax legislation. The list itself was approved by Resolution of the Cabinet of Ministers No. 1505 of December 27, 2024.

It is noted that when determining the list of states for transfer pricing purposes, the Government of Ukraine takes into account the following criteria states (territories) included in the list of offshore zones approved by the Cabinet of Ministers; states (territories) included in the list of states (jurisdictions) that do not implement or improperly implement the FATF recommendations; states (territories) whose competent authorities, based on the results of two consecutive reporting (tax) periods (years), do not ensure timely and complete exchange of information on tax policy with taxpayers, as well as do not exchange data on tax risks.

The Ministry of Finance believes that these changes are important for Ukrainian business, as they relate to the effective management of transfer pricing risks to ensure the financial stability of companies.

As reported, the updated list of states (territories) contains 46 states (territories) instead of 78. The list includes countries from the list of offshore zones approved by the government and the FATF blacklist. FATF, as well as states (territories) that do not ensure timely and complete exchange of tax and financial information.

We are talking about 9 states and territories: American Samoa, Guam, the DPRK, Myanmar, Namibia, the Netherlands Antilles, Alderney, Trinidad and Tobago, and Fiji.

According to the resolution, 41 countries or territories were removed from the list, including: Bahrain, Bosnia and Herzegovina, Brunei, Burundi, Cape Verde, Cape Verde, China Hong Kong Special Administrative Region (EU), Djibouti, Dominican Republic, Ireland, the Autonomous Community of the Canary Islands of the Kingdom of Spain, Cuba, Guadeloupe, Guatemala, Kyrgyzstan, Cyprus, the Autonomous Province of Kosovo and Metohija of the Republic of Serbia, Cuba, Curacao, Laos, Lebanon, Mauritius, and Qatar.

The list also includes the Macao Special Administrative Region of China, the Former Yugoslav Republic of Macedonia, the Federated Territory of Labuan Malaysia, Morocco, Martinique, and the Federated States of Micronesia, Moldova, Montenegro, Oman, Paraguay, the Commonwealth of the Northern Mariana Islands, the Autonomous Region of Madeira of the Portuguese Republic, San Marino, Sao Tome and Principe, Sudan, Timor-Leste, Turkmenistan, Uzbekistan and the United Arab Emirates.

Source: http://relocation.com.ua/ministry-of-finance-updated/

 

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Economic development forecast for Netherlands in 2025 by Relocation

Economic development forecasts for the Netherlands for 2025 point to moderate growth, driven by domestic demand and investment.

According to the forecasts of the Central Planning Bureau of the Netherlands (CPB), after an expected modest economic growth of 0.6% in 2024, the country’s GDP could increase by 1.6% in 2025.

According to the Central Bank of the Netherlands (DNB), inflation in the country in 2025 is projected at around 3% per year, which is higher than the eurozone average.

In 2025, the Dutch government plans revenues of €425.1 billion and expenditures of €457 billion, which will lead to a budget deficit of about 2.5% of GDP, which is in line with European Union standards.

The Netherlands’ exports, which are a key driver of the economy, are expected to reach €70.5 billion in 2025.

According to forecasts, the growth of housing prices in the Netherlands will slow down from 13% in 2024 to 8-10% in 2025 and 6-8% in 2026.

Economic growth in the Netherlands may be at risk if trade conflicts escalate, especially between the United States and the European Union. The possible imposition of high import duties and retaliatory measures could negatively affect the country’s exports and investments.

In general, the outlook for the Dutch economy in 2025 remains positive, but the country should be prepared for possible external challenges and adapt its policies to the changing global economic situation.

Source: http://relocation.com.ua/forecast-economic-development-neder/

 

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“Stalkanat” plans to allocate UAH 60 mln for dividends

The shareholders of PrJSC “Production Association ‘Stalkanat’ (Odesa) intend to allocate UAH 60 million 511,837 thousand for dividends at the rate of UAH 0.58 per share from the profit for 2024, and leave the rest as retained earnings.

This issue is included in the agenda of the general meeting of shareholders scheduled for March 10 this year in remote mode.
However, no profit figures for 2024 are provided.

The shareholders plan to review the CEO’s report for 2024 and determine the main areas of activity in 2025. They will also consider the report of the Supervisory Board for the previous year, the conclusions of the audit report of the auditor, and approve measures based on the results of the report review.

It is also planned to approve the results of financial and economic activities for 2024, make a decision on the distribution of profits for the past year, and approve the annual report.

As reported, in 2023, Stalkanat reduced its net profit by 13.8% year-on-year to UAH 280.060 million from UAH 325.073 million. Retained earnings at the end of the year amounted to UAH 373.626 million.
“Stalkanat is one of the largest producers of steel ropes and reinforcing strands in Eastern Europe and a leader in the production of hardware products in Ukraine.

According to the third quarter of 2024, David Nemyrovsky holds a 50% stake, Anton Mikhalenko – 23.7%, and Maria Kondratyuk – 23.1%. Earlier, the company reported that an individual, Vitaliy Dubovich, owned 3.199998% of its shares.
The authorized capital of Stalkanat currently amounts to UAH 17.736 million, with a share price of UAH 0.17.

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Over 4 thousand newborns have been officially registered in Ukraine over past seven days

Over the past seven days, 4,696 newborns have been officially registered in Ukraine. As reported in the telegram channel of the Ministry of Justice of Ukraine, 2,108 of the newborns are boys, and 1,961 are girls.

As reported, last year in 2024, 176,679 babies were born in Ukraine, which averaged less than 3,400 per week. The birth rate in Ukraine in 2024 was 5.8% lower than in 2023, when 187.3 thousand children were born.