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The mechanism for the state support of investment projects was improved

2017-04-17

The state support is now focused on investment projects implementation, and will be carried out at the expense of the state budget exclusively.

The mechanism for selecting investment projects to state support thereof is also simplified. Investors are no longer required to develop investment proposals, and register them with the state.

In addition, the role of the State Register of Investment Projects was changed from permissive to informative. Information that allows the monitoring of ongoing projects implementation will be included thereto. Being guided by the data recorded to the Register, the Ministry of Economic Development will conclude as regards to the effectiveness of the state support and the budget funds disposal.

The Law "On Amendments to the Law of Ukraine "On Investment Activities" (on the State Investment Projects)" (Draft No. 5105) was adopted by Verkhovna Rada on 23 March, and signed by the President on 14 April 2017.

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