Ukraine Approves Unified Portfolio of Public Investment Projects

by Roman Cheplyk
Monday, September 16, 2024
2 MIN
Ukraine Approves Unified Portfolio of Public Investment Projects

The Strategic Investment Council of Ukraine, chaired by Prime Minister Denys Shmyhal, has approved a unified portfolio encompassing 750 public investment project concepts

Key Details:

  • Portfolio Composition: The portfolio includes 750 project concepts, with over 100 projects in healthcare, education, transport, and energy sectors identified as priorities. These projects are recommended for inclusion in the 2025 state budget.
  • Significance: First Vice Prime Minister and Minister of Economy, Yuliya Svyridenko, emphasized that this unified portfolio is a crucial step toward the country's modernization and the efficient utilization of state budget funds.

Investment and Economic Recovery:

  • Evaluation and Attraction: The Ukrainian Cabinet previously approved procedures and methodologies for evaluating projects with significant investments, aiming to attract funds for economic recovery.
  • Government Initiatives: Measures such as public-private partnerships, industrial parks, deregulation, digitalization, and risk insurance are being implemented to create an investment-friendly environment.
  • UkraineInvest: The government office, UkraineInvest, is actively supporting large investment projects, currently totaling €1.36 billion, with expectations of more projects in the future.

Legislative Amendments:

  • On September 12, President Volodymyr Zelenskyi signed amendments to the law on state support of investment projects with significant investments. These changes are aimed at improving business conditions, including lowering the required size of significant investments from €20 million to €12 million.

This strategic move is expected to drive the country's modernization and attract more investments to fuel Ukraine's economic recovery and growth.

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