UAH 45 billion will be allocated by Ukraine to stimulate the development of domestic industry.
During the presentation of the “Made in Ukraine” policy in Kamianets-Podilskyi, for the first time in Ukraine at the sub-regional level, UkraineInvest, together with colleagues from the Committee for Economic Development, the Ministry of Economy of Ukraine, the Export Credit Agency and the Business Ombudsman Council, together with the City Council of Kamianets-Podilskyi, presented new opportunities for state support and assistance to entrepreneurs and businesses in Kamianets-Podilskyi.
Ukraine has been granted EUR 1.5 billion in transitional funding from the EU under the Ukraine Facility.
The aid will be used to meet urgent budgetary needs in the social sector and for recovery and reconstruction.
The Steering Board of the Ukraine Investment Framework (UIF) has agreed on the terms of reference for the investment component of the EU’s Ukraine Facility.
The Ukraine Investment Framework will provide companies with access to financing from international financial institutions and Ukrainian banks, supported by the EU. This may include guarantees, blended financing of loans and grants, and technical assistance in preparing applications and finalising projects. In order to achieve the objectives of the Ukraine Facility, both existing programmes will be reinforced and new ones will be launched. The first of these will be presented at the Ukraine Recovery Conference in June this year.
Ukrainian fund Vesna Capital has invested in Swedish-Ukrainian startup memoryOS.
Ukrainian investment fund Vesna Capital has announced its new investment in memoryOS, a Gothenburg-based EdTech startup with Ukrainian roots.
Financial instruments for business from state and commercial financial institutions were presented in Warsaw during the XIX International Forum “Ukrainian-Polish Business Days”.
The main goal is to facilitate a fruitful dialogue between business and government of Poland and Ukraine, to develop partnership between the business communities of both countries and to create transparent and favourable conditions for trade and investment cooperation and the future reconstruction of Ukraine.
A guide to setting up industrial parks is available on the official website of the Ministry of Economy of Ukraine.
The legislation provides for a number of economic incentives for participants in industrial parks, including exemption from income tax for 10 years for a certain list of activities, provided that funds not paid to the budget are reinvested in the company; exemption from import VAT and customs duties on equipment according to the list of UKTZED codes, provided that such equipment is used by the participant exclusively on the territory of the industrial park, without the right to lease or sell it.
Ukrainian AI startup Byne has raised UAH 13 million in investment from a UK fund.
Registered in the UK, Byne is also active in the US market. Although much of the team is based in Ukraine, the startup was founded in 2022 as a volunteer project to create a secure infrastructure for providing large language models (LLMs) to partners in the Ukrainian Armed Forces.
The National Securities and Stock Market Commission (NSSMC) has added 14 more cases to the list of unreliable investment projects.
The NSSMC reminds investors of the significant risks associated with investing through persons whose activities are not regulated in Ukraine, as well as persons who provide false information about licensed and allegedly official activities in countries with developed financial markets.
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