Ukraine passes law to support large-scale investment projects

Source: Xinhua| 2020-12-17 23:49:15|Editor: huaxia

KIEV, Dec. 17 (Xinhua) -- The Ukrainian parliament has passed a law on state support of large-scale investment projects to attract strategic investors and bolster the country's economy, its press service reported Thursday.

Projects with an investment of 20 million euros (24.5 million U.S. dollars) can receive the support, like tax benefits, if implemented in such areas as mineral processing, transport, education, health, art, culture, sports, tourism, and recreation, according to the bill.

Earlier this month, Ukrainian President Volodymyr Zelensky said that protecting investors' rights would be one priority task in Ukraine next year.

Ukraine's gross domestic product decreased by 5.2 percent in the first 10 months of 2020, Ukrainian Minister of Economic Development, Trade and Agriculture Igor Petrashko said earlier this month, adding that the country's economy in 2021 may grow by 4.6 percent, the highest rate since 2011. Enditem