The Ukrainian government will support businesses with large investments.

The Ukrainian Parliament adopted a draft law establishing state support of investment projects with significant investments, said the permanent representative of the Cabinet of Ministers in the Verkhovna Rada, Taras Melnychuk. The document provides for the following changes:

1. introduction of a new form of state support, namely partial compensation for construction costs of adjacent infrastructure facilities
2. implementation of investor opportunities to start project implementation before concluding a particular investment contract and to make investments in pre-project works at 25% of the total cost
3. establish a grace period for finalizing the documents submitted by the investor and the special investment agreement (no more than two months)

The new draft law will ensure a fully functional version of the existing law on investments, and will provide investors with clear guarantees and incentives. This will then create the prerequisites for increasing Ukraine’s investment attractiveness and will stimulate the development of the economy by attracting private capital, strengthening Ukraine’s competitiveness in global markets, and contributing to new job creation.