This was stated by the CEO of UkraineInvest during the online conference Reconstruction of Ukraine.
Sergiy Tsivkach stressed that Ukraine is working to develop a system of investment incentives. Thus, the following opportunities are currently available to international investors
– receiving up to 30% of the capital investment that will be made in projects in Ukraine by companies that invest more than EUR 12 mln;
– compensation for the costs of connecting to utility networks for those companies that will invest in greenfields, i.e. build/modernise enterprises (available from 2024);
– an agreement with the Government of Ukraine, which fixes the conditions for doing business for 15 years and provides for compensation in case the investor’s losses are related to the actions of the state at the central or local level;
– a system of industrial parks – more than 2,500 hectares of industrial land ready for industrial investment projects in Ukraine, income tax exemption for up to 10 years, as well as compensation for connection to utility networks and no need to pay customs duties for importing equipment into Ukraine.
“The level of FDI in Ukraine in 2022 fell by more than USD 7.6 bln compared to 2021, but in 2023 we are restoring the economy – GDP is growing and FDI inflows are also growing, as of today we are recording FDI inflows of more than USD 3 bln. We are waiting for you and your projects in Ukraine to make Ukraine and Europe successful and profitable together. Ukraine appreciates Italy’s support for its reconstruction and cooperation with organisations such as the Italian development finance institution SIMEST, the export credit agency SACE, and the Confederation of Italian Industry Confindustria. In turn, we are working to ensure that Italian investors feel comfortable doing business in Ukraine. UkraineInvest, as an institution authorised by the Government of Ukraine, provides investors with comprehensive support, so I invite Italian companies to cooperate,” said Sergiy Tsivkach.
UkraineInvest’s support includes, in particular
– support for companies interested in investing in the Ukrainian economy;
– providing them with information on the specifics of implementing investment projects in Ukraine;
– assistance in finding local partners;
– familiarisation with the legal and regulatory framework governing investment activity in Ukraine.
The event, which includes 3 days of industry conferences and B2B meetings, is organised by the Italian Chamber of Commerce and Industry in Ukraine and FederCamere under the auspices of the European Parliament.
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