Foreign investments amounted to $420 million
Over two years, the Crimean economy received 26.5 billion UAH of capital and $ 420 million of foreign investment. These numbers were announced by the Minister of Economic Development and Trade of the ARC Svitlana Verba, the press service of the Council of Ministers of Crimea informs.
According to the minister, currently in Crimea 87 investment projects with a total estimated cost of $ 11.7 billion are being implemented, as well as 57 international technical assistance projects.
The Minister reminded that on November 6 the President of Ukraine signed the Law on investment activities to create incentives for capital inflow into the Crimean economy. The Council of Ministers has developed initiatives to amend the Tax and Customs Codes in part of providing benefits to investors.
