News Digest
1. The National Bank is preparing to release the exchange rate. A plan for further binding of bank liquidity has been developed. This will make it possible to curb devaluation and make it possible to ease currency restrictions, to return to the market model of regulation, which involves reducing the NBU’s administrative influence on the market and currency liberalization.
2. Directly in the labor legislation, there is no rule regarding the prohibition to work during an air alert, and the employer’s responsibility, if he decides to work, is not prescribed either. But still, he is obliged to provide civil protection for his employees, and they have the right to refuse to perform work in the event of a threat to their lives.
3. Export corridors for Ukraine, and thus opportunities will expand with the creation of a railway connection from the ports of Klaipeda and Odesa, which Ukraine and Latvia are planning to implement, bypassing the territory of Russia and Belarus. Of course, the railway track will be of European standard.
4. During the war, misunderstandings between business partners did not decrease, but increased. Meditation is a way to settle disputed issues without going to court. With the participation of a lawyer-mediator who works with both parties on a psychological level to mutually beneficially settle disputed issues. Last year, a law was passed regulating the use of meditation to resolve conflicts.
5. The State Regulatory Service has prepared two deregulation draft laws. One concerns the liability of officials who violate legislation in regulatory policy, licensing and permitting. Another is the digitalization of the regulatory policy for online business inspections and the creation of a unified state electronic system of permit documents.
6. Low Code technology is a method of software development that automates the routine processes of developers throughout the entire cycle of creating a software product. This technology allows you to combine various business functions into a single fabric, enabling companies to create software solutions for themselves after one or two training sessions.
7. The Verkhovna Rada registered a draft law on strengthening liability for violations of legislation on the protection of consumer rights. It is proposed to increase the number of administrative fines for refusing to provide a consumer with information about a product or service, and its producer, from ten to fifty tax-free minimum incomes of citizens – a maximum of UAH 850. (currently UAH 170).
8. The Center for the Development of Innovations, the Office for the Development of Entrepreneurship and Export, and the national project “Diia. Business” together with the Advanter Group conducted business research in the field of furniture production. And it became known that despite the war, furniture worth 806 million US dollars was produced in the state last year – that’s 274,599 tons of products!
9. The “IKEA” concern is constantly looking for new opportunities to introduce innovations so that stores can better serve customers. And recently, autonomous drones have been used for this purpose, which flies around the sales halls during non-working hours, monitoring whether the entire assortment of goods is in the required quantity.
10. In Poland, the state program “Assistance to energy-intensive sectors due to a sudden increase in gas and electricity prices” has been launched, aimed at supporting companies whose production is at risk of stopping. These include woodworking and wood processing enterprises, as well as manufacturers of board materials.

