The government announced the development of new industrial parks in the Chernivtsi region.

The Cabinet of Ministers passed a decision to create two new industrial parks: Khotyn Invest and Bukovyna Energy, announced Prime Minister of Ukraine Denys Shmyhal. According to the head of the government, this is already the fourth industrial site created in Ukraine in the last few weeks. In addition, president Volodymyr Zelenskyy signed laws that provide tax and customs incentives for industrial parks. Now residents of industrial parks will be exempted from import VAT and duty on equipment, exemption from income tax for 10 years, and will be able to receive tax incentives from local governments. Industrial park development in Ukraine is expected to attract $2.5B in additional investment.