Business news from Ukraine

Ukraine will create State Office for development of industrial parks

30 March , 2024  

Prime Minister Denis Shmygal says that in Ukraine will create the State Office for the development of industrial parks.

“We increase our self-sufficiency, strengthen the production and industrial potential. One of the key tools in this direction will be industrial parks. This year we allocate UAH 1 billion for their development,” Shmygal said at a government meeting on Friday.

According to Prime Minister, the Cabinet on Friday approved the procedure for the use of these funds: for the construction of infrastructure of industrial parks, for compensation for connection to networks, for compensation of the interest rate on loans taken for development and investment.

“Also, the State Office for the development of industrial parks will be created. We will use the experience of Singapore, Turkey, Poland to make industrial parks the growth points of our industry and economy,” he said.

In addition, on Friday, the Cabinet of Ministers decided to create two industrial parks.

In particular, one of the parks will be created in Vinnitsa region (investments in its creation will amount to more than UAH 50 million), and the second industrial park will be in Ivano-Frankivsk region, (investments in its creation and development may amount to UAH 1.5 billion).

“Thanks to the creation of these two industrial parks, more than 1,000 jobs in the processing industry will be created,” Prime Minister said.

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