At its meeting on 2 February, the Government adopted a resolution to improve the mechanism of state support for large investment projects. This was announced by Prime Minister Denys Shmyhal.
“One of the key tasks in the economic sphere for this year is to increase foreign investment in Ukraine. We are working with our partners to achieve this. To this end, we have introduced war risk insurance. We are constantly improving the conditions for investment projects,” the Head of Government stressed.
Thus, Ukrainian and foreign companies willing to invest more than EUR 12 million and create new jobs will receive maximum support and special conditions. This includes tax benefits, regulatory relief and support at the level of project implementation.
“Today’s resolution concerns a new approach to the preparation of a feasibility study for an investment project. We are eliminating and simplifying a number of regulations, including the need for an economic analysis and the revision of the social assessment of projects, as well as easing the requirements for the applicant’s financial solvency,” the Prime Minister said.
Denys Shmyhal stressed that all this was aimed at launching more investment projects that would create more jobs, strengthen communities and the economy.