Business news from Ukraine

ANOTHER 82 INVESTMENT PROJECTS WORTH UAH 360 MLN FROM 12 REGIONS APPROVED – CONSTRUCTION MINISTRY

22 July , 2015  

KYIV. July 22 (Interfax-Ukraine) – The interagency working group on the selection of investment programs and regional development projects, financed at the expense of the State Fund for Regional Development, has approved 82 new investment projects in 12 regions of Ukraine.

The working group made the corresponding decision at a meeting on July 21.

“Given the projects [that were] submitted, sometimes I see that regional state administrations do not fully understand the strategy of the development of their region. They are trying to solve the problems that arise, but that are not associated with the development of the region,” Deputy Prime Minister, Minister of Regional Development, Construction, Housing and Utilities Services Hennadiy Zubko said.

As a result, he urged regional state administrations to expedite the preparation of perspective plans for the development of regions to stimulate the development of investment projects. Zubko refused to rule out changes to the Budget Code, according to which the regions that will be first to provide investment projects will receive additional bonuses.

According to the ministry, 726 investment projects are planed to be implemented by 2018, of which 645 should be implemented in 2015.