New factoring law: what will change for businesses from next year

According to НБУ: Serhiy Nikolaychuk, First Deputy Chairman of the National Bank of Ukraine, expressed confidence that the new factoring law will help develop trade financing in times of crisis. The conference discussed key innovations in the legislation, such as the separation of factoring and collection activities, as well as the creation of a register of factoring agreements.

There is an observed increase in the volume of factoring operations in Ukraine even in the presence of a military conflict. Interest in this type of financing continues to grow, creating opportunities for further development.

In summary, it can be noted that the development of trade financing in Ukraine is receiving a new impetus thanks to the adoption of the factoring law. This will contribute to increasing market transparency, optimizing working capital for businesses, and providing quick access to financing for companies, especially for exporters and retailers.