Ukraine has established a pro-European system of protection and support for significant investments

The Ukrainian investment protection system is based on relevant legislation and institutional support. This was stated by Oleksandr Melnychenko, Acting Executive Director of UkraineInvest, at the XI International Arbitration Reading in Memory of Academician I. Pobirchenko. The participants of the event discussed current challenges and prospects of international arbitration, in particular in the context of attracting investments to Ukraine. One of the main topics was the legal framework of investment protection in Ukraine, based on the Law on State Protection of Significant Investments.

Oleksandr Melnychenko emphasised the important role of commercial arbitration in supporting investment projects and spoke about the activities of UkraineInvest, which attracts investors and provides them with support, including advice and assistance in cooperation with government agencies in the implementation of projects involving significant investments.

“The main priority of the UkraineInvest team is to promote investment and support significant investment projects in key sectors of the Ukrainian economy. The legal framework for this support is based on the Law of Ukraine ‘On State Support of Investment Projects with Significant Investments’. We help Ukrainian investors to find partners and attract investment, and we help international partners to ensure that Ukraine has a pro-European system of protection and support for significant investments,” said the Acting Executive Director of UkraineInvest.

In accordance with the Law of Ukraine “On State Support of Investment Projects with Significant Investments”, UkraineInvest assists investors in the process of preparing an application to the Ministry of Economy, assists in the preparation of documents on financial solvency, project feasibility studies, etc.

Over the past six months, thanks to the active support of UkraineInvest, investment projects totalling more than EUR 290 million have been submitted for recognition as significant and for state support. The Ministry of Economy has approved two applications and the Government has approved the signing of special investment agreements in the area of significant investments. These agreements will result in an injection of EUR 96 million into the Ukrainian economy and the creation of more than 200 new jobs.

One of the most powerful ways to communicate that foreign businesses can and do operate successfully in Ukraine is through the voices that matter most to potential investors – those of other businesses.
We would like to invite you and your company to be featured on UkraineInvest’s web site as a “success story” of a foreign business operating in Ukraine.

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