"President of the Ukrainian Chamber of Commerce and Industry (UCCI) Hennadiy Chyzhykov and Executive Director of the Investment Promotion Office (UkraineInvest) Serhiy Tsivkach signed a memorandum of cooperation between the organizations. The memorandum provides for cooperation between the parties to improve the investment climate and attract investment into Ukraine's economy," the report reads.
It is noted that support of investment projects is also provided in accordance with the competencies of the parties.
As reported by Ukrinform, on February 18, the Cabinet of Ministers designated the Investment Promotion Office (UkraineInvest) as an institution authorized to support investors with significant investments. According to the law on the state budget for 2021, UAH 33 million is provided for the functioning of the Office.
Among the main functions of UkraineInvest are the implementation of measures to attract potential applicants for the realization of investment projects, the provision of investors with information and consulting assistance, and interaction with state and local authorities.
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