Ukraine’s version of Mary Poppins – the ‘investment nannies’ – were voted into existence by the Rada yesterday

Ukraine’s version of Mary Poppins – the ‘investment nannies’ – were voted into existence by the Rada yesterday as part of a wider package of incentives for foreign and domestic investors. The investment nannies – male or female – will be legally empowered to implement incentives on large foreign investments, those over €20 million in five years. Incentives range from discounts on corporate income taxes and import taxes, access to land, and state provision of highway access and heat, gas, water and electricity hookups. These legally empowered fixers will be encouraged to intervene with mayors, governors, ministers and even the President to cut red tape on big projects.