During the meeting on February 2nd, the government adopted a resolution that enhances the mechanism for state support of large investment projects.
Prime Minister Denis Shmyhal announced this improvement, stating, "One of the key tasks in the economic sphere for this year is to increase foreign investments in Ukraine. To achieve this, we are working with partners. We have launched war risk insurance for this purpose. We are constantly improving conditions for investment projects."
According to the resolution, Ukrainian and foreign businesses willing to invest more than 12 million euros and create new jobs will receive maximum support and special conditions. This includes tax benefits, regulatory easing, and support throughout the project implementation.
"The current resolution concerns a new approach to preparing the technical and economic justification of an investment project. We are removing and simplifying a number of provisions, including the necessity of economic analysis, the review of social assessments of projects, and relaxing requirements regarding the financial capability of the applicant," emphasized the Prime Minister.
Denis Shmyhal stressed that all these measures aim to launch more investment projects that will create more jobs, strengthen communities, and boost the economy.
