Special agreements for 140 million euros: Government supports tourism development in Lviv region
30 May 2025 19:50
At a meeting on May 30, 2025, the Cabinet of Ministers of Ukraine approved the conclusion of two more special investment agreements under the state program to support projects with significant investments. The new participants in the program are the Slavski and Rozhanka Park companies, which will implement large-scale recreational projects in the Lviv region together with the Slavske Village Council, "Komersant Ukrainian" reports citing the Government Portal.
The total amount of investment attracted for these two projects will be €140 million. According to preliminary estimates, the implementation of the initiatives will provide revenues to the budgets of all levels in the amount of about UAH 7.3 billion in the period from 2025 to 2039. It is also expected to create more than 200 new jobs in the Carpathian mountain region.
This brings the total number of special investment agreements concluded since the launch of the updated program to four. The first two agreements were signed in the second half of 2024. One of them was a project to build a soybean processing plant by Astarta-Kyiv.
According to Deputy Minister of Economy Vitaliy Kindrativ, despite the martial law, investors are interested in investing in the real sector of the Ukrainian economy, and the state, in turn, creates transparent and predictable conditions for investment.
The benefits for investors under the program include
- income tax exemption for up to 5 years;
- exemption from VAT and import duties on new equipment;
- reimbursement of costs for the construction of engineering infrastructure (power grids, gas pipelines, substations, etc.)
- preemptive right to use land plots.
Key requirements for participation in the program:
- total investment of at least EUR 12 million;
- creation of at least 10 new jobs;
- areas of implementation: processing industry, transportation, education, medicine, tourism, etc;
- project implementation period – no more than 5 years.
The State Support Program for Projects with Significant Investments operates on the basis of amendments to the legislation adopted in August 2023 and Resolution of the Cabinet of Ministers of Ukraine No. 468 of April 26, 2024. The state budget allocates UAH 500 million for its implementation in 2025.
According to government officials, the state expects a further increase in the number of applications from Ukrainian and foreign investors.
“Support for investment projects with significant investments”: what you need to know about the Cabinet of Ministers’ program
The program stipulates that for large investors (from €12 million in investments), the state not only provides benefits but also assigns a personal manager – a “nanny” who accompanies the investor at all stages of the project: from permits and approvals to connecting to networks and resolving bureaucratic issues.
What does an “investment nanny” offer?
1. Tax benefits: income tax exemption (up to 5 years) and exemption from import duties and VAT on new equipment.
2. Infrastructure support. The state reimburses the costs of building engineering infrastructure (roads, networks, substations).
3. Priority right to use land plots.
4. Legal guarantees: the possibility to conclude a special investment agreement that guarantees the unchanged conditions throughout the project implementation period (up to 5 years).
Who can benefit
- investors who invest more than €12 million;
- create at least 10 new jobs;
- implement projects in the following industries: industry, transportation, energy, processing, medicine, education, and tourism.
Why it’s important
Despite the war, Ukraine strives to remain attractive to investors. The investor nanny program is one of the ways to show strategic partners that the state guarantees support, stability, and predictability. And that is why it has intensified since 2024: 4 special investment agreements have already been signed, and several more are in the works.
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