The Cabinet of Ministers has approved investment contracts regarding significant financial infusions into the Ukrainian economy, bringing about €95M in investment.
Ukrainian legislation provides that an investor who concludes a special investment agreement with the Cabinet of Ministers will receive significant support from Ukraine. The investor will be exempt from taxation and receive compensation of up to 30% of its substantial investment. An investment project worth €12M is eligible to receive support of up to €3.6M. UkraineInvest Government Office for Attracting and Supporting Investments directly attracts such investors and accompanies them through the implementation stage of projects with significant investment.
The Ministry of Economy expects to sign another investment agreement through the law by the end of this year. Four more companies have submitted projects for consideration; among the applicants for state support are industrial construction groups Kovalska, Rozhanka Park, Slavski, and Tehagro. At the beginning of October, similar contracts were signed by Astarta-Kyiv and Bukovel.