20:26 16.01.2024

Ministry of Reconstruction mulling long-term benefits for businesses in war-affected regions

2 min read

The Ministry of Communities, Territories and Infrastructure Development has set work priorities for 2024, including legislative initiatives to introduce long-term benefits for businesses operating in war-affected regions.

As the press service of the ministry reported, the main priorities for this year were developed jointly with the Ukrainian Association of Communities.

Thus, one of the priorities is the introduction of benefits for businesses that operate or will operate in the regions most affected by the war during martial law and up to 25 years after its end. A bill being developed provides for a reduction in regulatory procedures and inspections, the introduction of a mechanism for insuring investments against war risks, and simplification of the implementation of public-private partnership and concession projects.

In addition, it is proposed to introduce an additional salary to public sector employees in the affected territories.

A bill has already been developed to compensate for the difference in tariffs for heat and hot water for local budgets, resulting from heat supply enterprises.

Another priority for the current year will be the implementation of the reform of local self-government and the territorial power organization in line with the Road Map until 2027. Among the areas are improving the capabilities of monitoring and managing local taxes, the ability to attract loans for development projects, and personal income tax reform.

In addition, an important priority is bill No. 4298, which will provide administrative oversight over the lawfulness of local governments' decisions. The ministry expects the final version of the document to be agreed upon and adopted in the near future, the press service said.

The implementation of the eRecovery program also remains a priority, according to the press release.

At the same time, the Ministry of Reconstruction intends to continue the development of the DREAM ecosystem in 2024 and increase the number of communities using it. Thus, soon the ecosystem will have the opportunity to create financial programs and submit applications.