"The Government has submitted a bill to the Verkhovna Rada designed to improve the provisions of the law on investment nannies," Prime Minister Denys Shmyhal told during the Gov't session.

"Despite the war, we have at once seven applications from large investors being now ready to invest, provide new jobs and export revenues," the Head of the Government emphasized.

According to the Prime Minister, the changes envisage giving preferences under the law for projects worth EUR 12 million or more, while currently this threshold is EUR 20 million. In addition, the areas in which relevant projects can be implemented will expand. Inter alia, they cover the production of energy-efficient building materials, climate equipment, heating and air conditioning systems, as well as hot water supply systems.

Denys Shmyhal noted that the above changes would promote businesses investing hundreds of millions in projects critical for both the economy and the country.