Business news from Ukraine

UKRAINE DELIBERATELY INITIATES REPEAL OF SWITCH TO SUMMER TIME IF EUROPEAN UNION TAKES DECISION

Ukraine’s Ministry of Economic Development and Trade (MEDT) intends to rescind switching to summer time if the European Union takes the same decision. “If the EU takes a decision to abolish the transition to summer time, the MEDT will apply to the Cabinet of Ministers of Ukraine on the possibility of making appropriate changes in the procedure for setting time on the territory of Ukraine,” MEDT’s press service said.
At the same time, the press service specified that the economic rationale for the annual transition to summer time and information on changes in electricity consumption from the transition to summer time in the Ministry of Economic Development is not available.

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