Despite the difficult times, interest in investing in the Ukrainian economy is growing – the preliminary value of investment projects currently being prepared for implementation is more than USD 1 bln

This was discussed at a working meeting of the Committee on Economic Development of the Verkhovna Rada of Ukraine, the Subcommittee on Interaction of the State and Business and Investment, the UkraineInvest and the Ministry of Economy of Ukraine with potential investors with significant investments.

The investors were informed about the status and stages of the drafting of the Law, the timetable of its expected readiness, the main provisions of the procedures and amendments to the legislation. 

“The Law of Ukraine “On State Support of Investment Projects with Significant Investments” should become the basis for the economic development of our country. At present, the key issue is the pace of preparation of regulations necessary to ensure that all qualitative changes in the law, which came into force on 17.09.2023, work at full capacity. We have set ourselves the goal of making the law fully operational as soon as possible, as this is necessary to facilitate the implementation of significant investments. The exchange of views demonstrated the synergy of the representatives of the branches of state power in the field of investment legislation and law enforcement,” said Oleksandr Melnychenko, Acting Executive Director of UkraineInvest.

More than 40 participants attended the meeting. The business focused on a number of problematic issues that need to be addressed: 

– changing the intended use of land; 
– clarification of investment objects; 
– acceleration of preparation; 
– approval and implementation of bylaws; 
– insurance against military risks; 
– investment conditions.  

“The tradition of meetings with investors, which we started in early November, allows us to discuss problematic issues in an open and constructive dialogue and to seek solutions together. I am confident that this format of open discussion will improve the interaction between the state and business and help create a new standard of relations that I am constantly talking about – a standard of mutual trust and shared responsibility,” said Igor Marchuk, Chairman of the Subcommittee on State-Business Interaction and Investment of the Committee on Economic Development of the Verkhovna Rada of Ukraine.

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