“These are projects that are at the design stage. Within the framework of the forum, we have fixed intentions with an appropriate agreement. All projects will be 100% implemented in the near future,” Betanov said.
Letters of intent provide for the creation of two industries in the metalworking field and two more in agriculture. For some projects, test launches have already been carried out and the first products have been received. Investment agreements providing for tax preferences will be signed as projects are ready, according to Betanov.
The Law “On State Support of Investment Activities”, developed by the Government and adopted by the Supreme Council in 2018, provides for unprecedented tax preferences. Large investors can be exempted for a long period from paying a number of taxes: on income, on land, as well as on income tax on dividends of shareholders. To date, 5 agreements have been signed with investors from Romania, Ukraine, Moldova, Italy, Bulgaria for in total almost 5 million euros. Today, the Investment Agency has 13 promising projects worth in total 24 million euros.
