In Ukraine simplify the procedure of public investment

Ministry of Economic Development and Trade intends to simplify the procedure for registration of public investment and investment projects that rely on state support. Corresponding draft law “On Amendments to the Law of Ukraine on the investment activity” published in the resource ministries, experts TeleTrade.

The document also provides for simplification of public investment and obtaining state support for investment projects worth up to 25 million USD. those projects for which only requires the State’s evaluation provided by the Cabinet. For projects of more than 25 million USD will require a special state examination.

Under the bill, experts say TeleTrade, provides for the abolition of compulsory forecast economic benefit for investment projects whose purpose is not to make profits, which will simplify the implementation of social projects.