UkraineInvest updates Guide on State support for significant investments.
The update of the guide is due to the entry into force of amendments to the Law of Ukraine “On State Support of Investment Projects with Significant Investments in Ukraine” at the beginning of December this year. In particular, the amendments concerned paragraph 4 of Part One of Article 5 of the Law. The amended version stipulates that investments made in facilities earlier than 18 months prior to the date of application will not be taken into account in the amount of significant investments.
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Ukraine received about USD 1.1 billion from the IMF under the Extended Fund Facility Arrangement.
This is the seventh tranche under the Extended Fund Facility programme. Since the start of the programme, Ukraine has received 6 tranches of assistance worth USD 9.8 billion. The IMF plans to provide up to USD 2.7 billion more next year, based on the outcome of four programme reviews.
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Ukrainian defence technology startup Frontline has raised USD 150,000 from venture fund Angel One.
The startup develops solutions for the defence sector. The funds will be used to accelerate production and increase the volume of products delivered to Frontline. Angel One is the second fund to announce an investment deal with the startup. Earlier in December, Frontline also received USD 100 000 from Estonian accelerator Startup Wise Guys.
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Ukraine received USD 1 billion from Japan and the UK – Denys Shmyhal.
The tranche was guaranteed by the governments of these countries under the World Bank’s DPL programme.
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