Business news from Ukraine

Business news from Ukraine

EU INTENDS TO PROVIDE UKRAINE WITH EUR 20 MLN OF FINANCIAL SUPPORT FOR DIGITAL TRANSFORMATION DEVELOPMENT

The EU intends to provide Ukraine with EUR 20 million of financial support for the digital transformation development, Deputy Prime Minister, Minister of Digital Transformation Mykhailo Fedorov said.
“EUR 9.6 million is the first financial contribution that Ukraine will receive under the EU4DigitalUA project. The Estonia’s e-Governance Academy and the Spanish foundation FIIAPP Spain will help in the implementation of projects on electronic services, cybersecurity, data protection, and the development of registries,” Fedorov wrote on the Facebook.
He wrote that funding will also cover: development of infrastructure for electronic government; modernization of public e-services and development of services on the Diia (Action) portal and in the Dia app; visualization of information about access to broadband Internet in Ukraine; further connection of the main registers to the Trembita data exchange system; development of a national personal identifier, a state digital identity card and a register registration addresses of citizens; development of trust services.
“Support of digitalization in Ukraine is at the same time support of all key reforms and anti-corruption. The country will receive more qualitative changes. We are grateful to the EU for their trust and we act together,” Fedorov wrote.

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UKRAINIAN MINISTRY OF TRADE PROPOSES RAISING FINANCIAL SUPPORT FOR TOUR OPERATORS BY 10 TIMES

The Ministry of Economic Development and Trade of Ukraine has promulgated a draft law that proposes raising financial support for tour operators by 10 times and introducing fines for illegal use of categories by hotels.
According to the text of the draft law posted on the ministry’s website, the amount of financial provision for a tour operator should be at least 5% of the annual sales volume for the previous year, but not less than EUR 200,000 for the operator offering outbound tourism services (against EUR 20,000 in current legislation), not less than EUR 100,000 for tour operators of inbound and domestic tourism (against EUR 10,000), not less than EUR 50,000 for operators of domestic tourism. At the same time, financial support for travel agents must be at least 5% of the annual sales volume, but not less than EUR 20,000.
The size of guarantees for newly established tour operators is equal to the lower threshold depending on the chosen type of tourism, or EUR 10,000 per travel agent.
The Ministry of Economic Development and Trade also proposes stipulating fines for violators of tourism legislation, in particular, for illegal use of tourist infrastructure categories and not providing tourist entry and departure under the contract in the amount of 100-500 non-taxable minimum incomes of citizens, and for repeated violations during the year some 800-1,000 non-taxable minimum incomes of citizens.

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