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News Digest

1. The head of the President’s Office, A. Yermak, set a goal: to win, to work out such a taxation model that would make it possible to create the most attractive conditions for doing business among competing countries. At least as convenient as in the EU as a whole. In the global competition for investments, Ukraine should become a champion.

2. Business entities are required to keep documents related to the calculation and payment of taxes for five years. The Parliament made such changes to the Tax Code as part of the implementation of the international standard of automatic exchange of information on financial accounts.

3. A number of programs are provided for women to integrate into the labour market. Among other things, Economy Minister Yuliya Svyridenko reported that employers in Ukraine will receive compensation for the employment of single women with children.

4. Ukraine and Moldova have agreed on the final details for the launch of the railway branch, which was built after the start of a full-scale war. Both sides see in this great opportunity for expanding bilateral export-import potential and transit connections.

5. Research has shown that success depends more on building relationships with people than on technical skills. The main reasons for removing top managers from work are emotional incompetence. It has been proven that the best manager will be one who knows how to understand and control emotions – both his own and those of his subordinates.

6. Forest farms of the Sumy region and Chernihiv region are shelled daily by enemy troops of the Russian Federation. But since the start of the full-scale invasion, the branches have not stopped working for a single day, because helping the army is one of the main tasks for the foresters of the Northern Forest Office. Only in the first months of 2023, branches transferred more than 3,000 cubic meters of timber to the front.

7. From now on, through the “Action” application, it is possible to verify a person to participate in auctions on the Ukrainian Energy Exchange in the direction of “Raw wood and lumber”. This will enable timber market participants to speed up the process of obtaining access to trades.
8. Since the beginning of the year, German manufacturers of upholstered furniture have not been able to increase the export of their products. But in the domestic market, according to the Association of the German Upholstery Industry, sales increased by 5.74% in January compared to last year.
9. At this year’s “Interzum” exhibition, the Danish company “Linak” will demonstrate the “chair of the future”. All its secrets have not yet been revealed. Only its wide dynamic functionality is noted. The “chair of the future” stands out from the traditional design and can even be used as a partition between rooms.

10. In connection with the rapid spread of CNC machine tools on the market, the demand for high-performance cutters for such machines is constantly growing. To meet the needs of the tooling market, Whiteside Machine Company has created two new sets of multi-configuration CNC milling cutters designed for the shop floor and demanding carpenters.

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