Ukrainian and foreign business, ready to invest more than EUR12 mln, will receive tax benefits, regulatory relief and support at the level of project implementation, Prime Minister Denys Shmygal said.
“Actually one of the key tasks in the economic sphere for this year is to increase foreign investment in Ukraine. For this purpose we are working with partners. For this purpose insurance of military risks has been launched. We constantly improve conditions for investment projects. Today we will adopt a decree improving the mechanism of state support for large investment projects,” Shmygal said at a government meeting on Friday.
According to him, Ukrainian and foreign business, which is ready to invest more than EUR12 million and create new jobs, will receive maximum support and special conditions, in particular, tax benefits, regulatory relief, and support at the level of project implementation.
“Today’s decree concerns a new approach to the preparation of a feasibility study of an investment project. We remove and simplify a number of provisions, including the necessity of economic analysis, the revision of the social assessment of projects, as well as we weaken the requirements of financial solvency of the applicant,” Prime Minister said.
Shmygal emphasized that all these decisions have a single goal – to launch more investment projects, which will create more jobs and strengthen communities and the economy.
FOREIGN BUSINESS, tax benefits, UKRAINIAN BUSINESS, Денис Шмигаль
A surplus of electricity was recorded in Ukraine’s energy system on Friday – its surplus was transferred to Poland’s energy system, the Energy Ministry said.
According to its information in a press release on Saturday, the surplus was transferred from 11.00 to 15.00 with a total supply of 1600 MWh.
As for the situation in the energy system today, two units of TPPs and one unit of CHPPs have gone into short-term repairs, at the same time, after the end of emergency works, a block and a building of thermal power plants have been connected to the grid.
There are 6 units of thermal generation in reserve, which will be activated in case of need, the Ministry of Energy noted.
For the current day, electricity imports are forecasted at 9,979 MWh, which is almost 4 times more than Friday’s figure. Exports to Moldova of 810 MWh are also expected. The last time exports were carried out in the first days of January.
The fight for the title of absolute world champion between British Tyson Fury and Ukrainian Oleksandr Usyk, scheduled for February 17, will not take place, Suspilne reports, citing Mike Coppinger, a journalist for the American international sports TV channel ESPN.
“On Friday, February 2, the Briton suffered a cut on his face during a sparring session. Fury was stitched up, due to which the WBC belt holder will not have time to prepare for the fight in February,” the statement said.
It is noted that this is the second time the fight has been postponed.
Zaporozhkoks, one of Ukraine’s largest coke and chemical producers and part of Metinvest Group, reduced blast furnace coke production by 2.1% year-on-year to 71.32 thousand tons from 72.86 thousand tons in January this year.
According to the company, 71.9 thousand tons of coke were produced in December 2023.
As reported, Zaporozhkoks increased its blast furnace coke output by 16% in 2023 compared to 2022, up to 856.8 thousand tons from 737.4 thousand tons.
“Zaporozhkoks produces about 10% of coke in Ukraine and has a full technological cycle of coke products processing. It also produces coke oven gas and pitch coke.
“Metinvest is a vertically integrated mining group of companies. Its major shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company.
Metinvest Holding LLC is the management company of Metinvest Group.
Metinvest Mining and Metallurgical Group has started manufacturing targets for military training at its Kryvyi Rih plants as part of Rinat Akhmetov’s Steel Front military initiative.
According to the company’s press release, Ukrainian defenders must maintain a high level of professional knowledge and skills to effectively fight the enemy at the front. In particular, in the use of small arms. To enable the military to systematically practice and improve their skills, Metinvest’s enterprises in Kryvyi Rih have started producing targets.
At the same time, Metinvest’s Kryvyi Rih facilities have manufactured and delivered approximately 30 target models at the request of the military. All of them have previously been successfully tested at training grounds.
The specialists have now mastered the production of three types of targets: Gong, Popper and Tree. They consist of sturdy frames on which the target is hung. Target equipment parts can be replaced as needed by installing new components on the frames.
As part of the Steel Front military initiative, Metinvest is implementing a number of initiatives aimed at improving the military training of the Ukrainian army. The company has become a partner in the construction of a mine action center in Chernihiv Oblast, which will provide training for more than 3,000 sappers. In addition, Metinvest is developing tactical medicine in Ukraine in cooperation with the PULSE charity foundation. Over UAH 13 million has been allocated to organize training for military personnel in the combat zone.
“Metinvest is a vertically integrated group of steel and mining companies. The Group’s enterprises are located mainly in Donetsk, Luhansk, Zaporizhzhya and Dnipropetrovsk regions. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it. Metinvest Holding LLC is the management company of Metinvest Group.
Changes in consolidated budget expenditures in 2021-2023 (%)
Source: Open4Business.com.ua and experts.news
