Ukraine is launching a mechanism to support large investors.

The government has approved the latest regulatory document that is necessary to launch the state support mechanism for projects with significant investment. Investors will receive maximum assistance and support in the form of tax and customs benefits, such as compensation for the construction of engineering and transport infrastructure, and connection to engineering and transport networks, said Minister of Economy Yuliya Svyrydenko.

She added that this year, ₴3B has been allocated in the state budget to support such large-scale investors. It is noted that investors can receive several types of state support, amounting to up to 30% of the amount invested in the project.

The Ministry of Economy clarified that state support will be available to investors who plan to implement a project worth €12M or more in Ukraine with a duration of up to five years for projects in the processing industry, extraction of minerals for further processing or beneficiation, transport, logistics, scientific activity, health care, waste management, tourism, and electronic communications.