The Ukraine Investment Promotion Office has received 23 requests from potential investors for a total of $1.35 billion, Prime Minister Denys Shmyhal said during a regular meeting of the Cabinet of Ministers on July 7.

Denys Shmyhal stressed that the Government is actively working to improve the investment climate in order to bring Ukraine closer to the TOP-30 in the Doing Business ranking.

"To improve investment attractiveness, crucial steps have been taken to introduce tax incentives for large investment projects. In particular, a number of important laws have been adopted in this direction. The Government is doing its utmost to make the investment mechanism work in practice as soon as possible," the PM stressed.

During the session, the Government has approved the methodology for calculating the amount of state aid for the implementation of a project with significant investments. Denys Shmyhal emphasized, this will allow investor to receive tax incentives of up to 30%, which is provided by the Investment Nanny Law.