The Cabinet of Ministers of Ukraine has approved the procedure and methodology for evaluating projects with significant investments.
This was reported by the government's representative in the Verkhovna Rada Taras Melnychuk on Telegram, UNN reports.
In accordance with paragraph fourteen of part one of Article 8 of the Law of Ukraine "On State Support of Investment Projects with Significant Investments in Ukraine", the Procedure and Methodology for Evaluating an Investment Project with Significant Investments was approved
According to him, the procedure clarifies the deadline for evaluation and the list of documents included in the application, provides for the applicant's right to make significant investments in investment objects before the date of submission of the application to the Ministry of Economy, and specifies the documents that are submitted with the application and confirm the amount of significant investments made in the investment object.
The Law clarifies the grounds for termination of the assessment based on the results of the first stage of assessment and the powers of state authorities during the assessment. The procedure for finalizing the documents submitted by the applicant during the second stage of the assessment has been regulated, and negotiations for finalizing the special investment agreement have been provided for
He also said that the application and feasibility study forms have been updated. The Resolution of the Cabinet of Ministers of Ukraine dated 28.07.2021 N 819 "On Approval of the Procedure and Methodology for Evaluating an Investment Project with Significant Investments" was declared invalid.
During a government meeting, Prime Minister Denys Shmyhal noted that one of the key areas for the Ukrainian economy is to attract private investment.
Today, we are approving the procedure and methodology for evaluating projects with significant investments. We are clarifying a number of parameters, providing for a simplified procedure, a procedure for finalizing the submitted documents
According to him, UkraineInvest currently provides support for investment projects totaling €1.36 billion. "We expect that there will be many more," Shmyhal added.
Addendum Addendum
In February 2024, the Ministry of Economy reported that $5.8 billion in investments were needed to restore private business in Ukraine .
The government plans to implement joint regional recovery projects with German investors in Ukraine.