The government allocates ₴3B to support large investors and improves conditions for importing the necessary equipment.

The Cabinet of Ministers has improved the procedure for importing new equipment and components into the territory of Ukraine, which are imported for the implementation of a project with significant investment (from €12M).

“One of the areas of work is the involvement of projects with significant investments in the real sector of the economy. This year, ₴3B ($79M) has been earmarked for their support in the budget. The funds will be provided to investors who focus on production facilities for products with high added value,” explained Deputy Minister of Economy Volodymyr Kuzyo.

Entrepreneurs who implement projects with significant investments have the right to receive several types of support from the state, covering up to 30% of the investment project. In particular, this support includes preferential right to use land plots, budgetary financing of engineering and transport infrastructure construction, tax benefits, and duty-free import of necessary equipment.