The Cabinet of Ministers of Ukraine decided to allocate 5.1 billion hryvnias to support domestic production within the “Made in Ukraine” program. These funds will be used to stimulate economic growth and development of key industries. This is stated in messages Government portal.
The largest part of the funding – 2 billion hryvnias – will be directed to humanitarian demining of agricultural lands. This will allow farmers to resume cultivation of fields, minimize risks and strengthen the country’s food security.
UAH 1.6 billion is intended to support domestic demand for Ukrainian goods. As part of this initiative, the “National Cashback” program will be implemented, which will allow consumers to receive a refund of 15% of the cost of purchased Ukrainian goods. The program will cover a wide range of products – from public transport to energy equipment.
500 million hryvnias will be used to compensate part of the cost of agricultural machinery manufactured in Ukraine. Farmers will be able to receive 25% compensation, which will help modernize equipment and increase production efficiency.
Another 500 million hryvnias will be invested in the development of industrial parks. This should contribute to attracting investments, creating new jobs and stimulating the regional economy.
In addition, 500 million hryvnias will be used to support large investment projects. Investors who will implement large-scale projects in Ukraine will receive compensation for the costs of construction and connection to the infrastructure.
We will remind you that the “Made in Ukraine” program is aimed at creating favorable conditions for the development of national production, attracting investments and restoring economic growth. Its implementation should strengthen the position of Ukrainian manufacturers, promote import substitution and strengthen the domestic market.
