On June 12, two special investment agreements were signed in Lviv between the Cabinet of Ministers, Slavsko Village Council, and investors – Slavski LLC and Rozhanka Park LLC. Since autumn 2024, these companies have been implementing an investment project in partnership with Slavsko Village Council, with a total investment of EUR 140 million. The project involves the construction of the all-season mountain resort GORO Mountain Resort. On behalf of the Government, the agreement was signed by the First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko.
“Despite the war, investors are contributing to the development of Ukrainian regions. Two more projects with significant investments have received state support – Slavski and Rozhanka Park, which together will invest EUR 140 million in the development of recreation in the Carpathians. In partnership with local authorities, they will create new tourism infrastructure, and budgets at all levels will receive approximately UAH 7.3 billion in revenues over 15 years. We also expect the company to create new jobs with salaries higher than the regional average,” Yuliia Svyrydenko stated.
According to her, the programme for supporting projects with significant investments was launched at the end of 2024. The first investment project under this framework was a soybean deep-processing plant by Astarta-Kyiv.
The programme allows for up to 30% reimbursement of capital investments for projects worth at least EUR 12 million through various forms of state support, including:
– Exemption from profit tax (up to 5 years);
– Exemption from import duties and import VAT on new equipment;
– Compensation for engineering infrastructure costs (electricity grids, substations, gas pipelines, etc.);
– Preferential land use rights.
Key requirements for participation in the programme include:
– Over EUR 12 million in investments and the creation of at least 10 jobs;
– Sectors ranging from manufacturing and transport to education, healthcare, and tourism;
– Project implementation within 5 years.
The programme operates under the Law on State Support for Investment Projects with Significant Investments in Ukraine and Government Resolution No. 468 dated April 26, 2024.
The Ministry of Economy has prepared a step-by-step guide for investors to help apply for the programme and utilise available support tools.
The programme for supporting projects with significant investments is part of the “Made in Ukraine” policy. Its goal is to create conditions for developing domestic production, attracting investments into the real economy and promoting non-commodity exports. (Government portal)