The Cabinet of Ministers of Ukraine has included the Chernivtsi Industrial Park in the General Register

The initiator of the park is the Chernivtsi City Council, which plans to use local budget funds, grants and bank financing, as well as state budget funds under the Industrial Parks Development Programme, to build the necessary infrastructure. The construction and arrangement of the facilities to be located on the territory of the park will be financed mainly by the participants and other entities of the industrial park.

The park will cover an area of 17,276 hectares and will create around 750 new jobs in various manufacturing industries such as engineering, furniture, electrical equipment, medical equipment, concrete, plastics and logistics.

A total of 96 industrial parks have already been registered.

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