UkraineInvest and CzechInvest have signed a Memorandum of Cooperation outlining a strategic roadmap for bilateral investment relations. The agreement aims to facilitate effective decision-making for investors and ensure support from both institutions.
Under the memorandum, the Acting Executive Director of UkraineInvest, Oleksandr Melnychenko, and the CEO of CzechInvest, Jan Michal, agreed to
– exchange current investment opportunities in Ukraine and the Czech Republic;
– promote investment projects;
– exchange information on legislative incentives for investment and business operations.
During the signing ceremony, Oleksandr Melnychenko highlighted Ukraine’s establishment of an investor support system for large-scale investment projects. This system provides investors with various incentives, including tax, customs and land benefits.
The signing took place in the presence of H.E. Vasyl Zvarych, Ambassador of Ukraine to the Czech Republic.
Established in 1992, CzechInvest is a government agency under the Ministry of Industry and Trade of the Czech Republic.
Since the beginning of russia’s full-scale aggression, the Czech Republic has been a steadfast supporter of Ukraine, providing critical assistance and contributing to its economic recovery. Czech companies continue to show a strong interest in investing in Ukraine and cooperating with Ukrainian companies, including setting up local production facilities.
The Memorandum of Understanding between UkraineInvest and CzechInvest provides a solid basis for attracting and supporting investors and is an important step in strengthening bilateral cooperation.
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