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EBA met with the National Depository to discuss agricultural notes

20/ 11/ 2024
  Last week, the European Business Association hosted an online discussion on the latest financial instrument – agricultural notes. The event brought together representatives from the agricultural sector, legal experts, lenders, and other professionals to discuss the progress in preparing for the launch of this instrument, which will come into effect under the Law on Agricultural Notes on 1 January 2025. Speakers at the event included: Kyrylo Mukhomedzianov, Project Lead, Enhancing Access of Ukraine’s Agricultural Sector to Capital Markets, International Finance Corporation (IFC, World Bank Group) Maksym Libanov, Member of the National Securities and Stock Market Commission Maryna Adamovska, Member of the Board, National Depository of Ukraine Natalia Shevchenko, Senior Lawyer, EY Ukraine Ihor Chufarov, Partner, EY Ukraine Key topics covered during the discussion included the nature and legal framework of agricultural notes, financing opportunities for agribusinesses, business models, and tax aspects of their application. Participants also learned about the progress made by the developers of agricultural notes and plans for establishing the necessary market infrastructure. The introduction of agricultural notes in Ukraine is being implemented with the support of the International Finance Corporation (IFC, World Bank Group), in partnership with the Swiss Confederation and with the consulting assistance of EY. This event marked a significant step in promoting and implementing agricultural notes, unlocking new financing opportunities for agribusinesses and fostering the development of Ukraine’s agricultural sector. For more details on the event, visit the following links: Video recording of the discussion: eba.ua/link Presentation: From Receipts to Notes: New Opportunities in Agri-Finance Presentation: Agricultural Notes: A Digital Financing Tool for Agribusinesses Presentation: Taxation and Accounting of Transactions with Agricultural Notes

Last week, the European Business Association hosted an online discussion on the latest financial instrument – agricultural notes. The event brought together representatives from the agricultural sector, legal experts, lenders, and other professionals to discuss the progress in preparing for the launch of this instrument, which will come into effect under the Law on Agricultural Notes on 1 January 2025.

Speakers at the event included:

  • Kyrylo Mukhomedzianov, Project Lead, “Enhancing Access of Ukraine’s Agricultural Sector to Capital Markets”, International Finance Corporation (IFC, World Bank Group)
  • Maksym Libanov, Member of the National Securities and Stock Market Commission
  • Maryna Adamovska, Member of the Board, National Depository of Ukraine
  • Natalia Shevchenko, Senior Lawyer, EY Ukraine
  • Ihor Chufarov, Partner, EY Ukraine

Key topics covered during the discussion included the nature and legal framework of agricultural notes, financing opportunities for agribusinesses, business models, and tax aspects of their application. Participants also learned about the progress made by the developers of agricultural notes and plans for establishing the necessary market infrastructure.

The introduction of agricultural notes in Ukraine is being implemented with the support of the International Finance Corporation (IFC, World Bank Group), in partnership with the Swiss Confederation and with the consulting assistance of EY.

This event marked a significant step in promoting and implementing agricultural notes, unlocking new financing opportunities for agribusinesses and fostering the development of Ukraine’s agricultural sector.

For more details on the event, visit the following links:

Video recording of the discussion: eba.ua/link

Presentation: “From Receipts to Notes: New Opportunities in Agri-Finance”

Presentation: “Agricultural Notes: A Digital Financing Tool for Agribusinesses”

Presentation: “Taxation and Accounting of Transactions with Agricultural Notes”

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