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News Digest

  1. Starting from July 1, taxes for individual entrepreneurs (sole proprietors) in Ukraine will significantly increase, affecting approximately 2 million entrepreneurs. The changes are outlined in a memorandum with the IMF. However, Danylo Hetmantsev notes that neither inspections nor taxes will affect small businesses in areas close to the front lines.
  2. The Cabinet of Ministers has updated the resolution regulating the operation of the “5-7-9%” program. There should be no sanctions against the participating banks themselves, their owners, or related individuals. As a result, one of the largest participants in this preferential credit program, Raiffeisen Bank, has stopped issuing new preferential loans.
  3. Director of “Start Global,” Dmytro Shvets, believes that choosing the United States as the first focus market for emerging exporters is not always a good idea. It is not due to the difficulty of entering the market but rather the complexity of organizing sales there. “Selling in the US is like selling in 50 different countries because each state has its own laws, especially economic ones.”
  4. The Cabinet of Ministers allowed for unscheduled inspections of companies without coordination with the Ministry of Economy in response to complaints from individuals who have suffered from their activities. Provided there is documentary evidence of harm to the rights or health of the complainant.
  5. The company “SMART business” and its partners have prepared a collection of solutions that can serve as reliable and functional alternatives to Russian software and stimulate the growth processes of your company. SMART Sales – for the automation of B2B sales processes. SMART Customer Care – for registration and processing of customer inquiries for service support. SMART Order Management – for registration and processing of orders in B2C sales.
  6. The Zhytomyr company “Interdesign” has developed and implemented the design project for the Museum of Memory of the events of the current war in the town of Ozerna near Zhytomyr. The interior consists of exhibits that emotionally convey the message that war is an unequivocal disaster and a human tragedy.
  7. “London Tech Week” is an exhibition platform for attracting investments where Ukrainian startups will showcase their creative developments, including products that can be useful to owners of furniture businesses. One of them is “Getpin,” a universal tool for managing the online presence of your business regardless of the number of retail outlets.
  8. The company “EGGER” together with its Italian partner, “SAIB,” has developed a creative concept of circular economy in the production of wood-based materials. It presented this concept along with demonstrations of new panel surfaces and decors at the recent “interzum 2023” exhibition under the slogan “More from wood.”
  9. At its booth at the “interzum 2023” exhibition, the company “Schattdecor” focused on the interaction between natural and human living spaces and aimed to symbolize the harmonious coexistence of humans and nature through forms and colors. Its new decor, Flagstaff Oak, won the exhibition competition.
  10. American company “Ashley Furniture” has recalled 263,000 pieces of its furniture due to the risk of fire. The imperfect LED lighting embedded in the furniture’s structure is the cause of the fires. The U.S. Consumer Product Safety Commission urges owners of this furniture to immediately disconnect them from the power source.

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