PM Shmyhal welcomes idea of creating ‘free economic zones’ in Donbas

PM Shmyhal welcomes idea of creating ‘free economic zones’ in Donbas

Prime Minister of Ukraine Denys Shmyhal believes that the creation of "free economic zones" (priority development zones) in Donbas will help revive the territory in terms of business.

“As for creating attractive conditions for business (I’m not even talking about conditions for investors), which will come to the temporarily occupied territories, the territories that are located along the contact line, we have several directions. These are tax benefits, certain preferences in terms of starting and running a business there. We have a vision and concept for today. The Economy Ministry and the Ministry of Reintegration of Temporarily Occupied Territories will develop specific steps and then present them," Shmyhal said in an interview with Radio Liberty.

“This is the strategy and the way that should make it possible to revitalize these territories in terms of business, job creation, and filling local budgets,” he added.

According to Shmyhal, priority development zones are a 15-20-kilometer zone of the contact line. "Priority development zones are zones that require certain preferences for business to create jobs,” he said.

As reported, the newly appointed representative of Ukraine in the Trilateral Contact Group (TCG), Leonid Kravchuk, speaking about the compromises on Donbas, which he is ready to make, offered the creation of a "special management system" in these regions and a free economic zone. He noted that the issues of Ukraine's sovereignty, territorial integrity and independence are not subject to compromise.


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