"Made in Ukraine": Industrial park and a new factory will appear in Svalyava

Approximately five hundred new jobs will be created in Svalyava (Zakarpattia region) due to the establishment of an industrial park in the city. The decision to include the "Energy Group" park in the Register of industrial parks was made by the Cabinet of Ministers of Ukraine during a meeting on June 28, 2024.

"The implementation of the 'Made in Ukraine' economic policy is yielding results. More and more Ukrainian manufacturers are joining programs that are part of this policy. For example, the creation of the 'Energy Group' industrial park was initiated directly by the business sector, supported by local authorities. As a result, the country will have new production facilities, around 500 local residents will gain employment, and both the state and local budgets will receive additional revenues," noted Deputy Minister of Economy of Ukraine Vitaliy Kindratiuk.

According to the concept of the industrial park, a factory will be constructed to manufacture metal-plastic windows and doors, sliding systems, and components for them. Production is expected to commence by December 2024.

In developing the park, the managing company and participating investors will collectively invest 876.5 million UAH, including contributions from foreign companies.

With the addition of Energy Group, Ukraine now hosts a total of 82 industrial parks. The development program for industrial parks is part of the Made in Ukraine economic policy aimed at stimulating the development of domestic production with high added value.

The state budget for 2024 allocates 1 billion UAH for the implementation of the industrial park development program. These funds will be used for co-financing the development or construction of engineering and transportation infrastructure, as well as for partially reimbursing the costs of connecting to electrical networks. Applications for the program will be accepted until August 15, 2024.