Lvov citizens suggested that tax and custom privileges should be returned to some companies in special economic zones, Cabinet's press office reported.

The State Regional Administration launched an inventory of the companies Yavoriv and Kurortopolis-Truskavets, which operate in the region. This has been done as a result of the President's speech at the 5th international economic forum in Lvov. The President then noted that he will do his best to prevent investors from cheating due to temporary problems.

The anxiety over the current state of affairs in special economic zones in Ukraine is expressed both by foreign investors and by a number of business entities.

The Ukrainian subsidiary of the European Business Association, the International Commonwealth of Polish Entrepreneurs declared that abolishing investors' privileges pre-terms is illegal and the State should compensate the losses from the national budget. The first reaction was a suspension of production, in particular by the SNIEZHKA-UKRAINE company, which supplies the market with its produce. Scince 1999 FFiL SNIEZHKA has contributed about three M. USD to markets' development. The company has also created 143 new jobs with average wages of 1336 UAH pre worker per month. The company investors also intended to buy a three hectares lot for further expansion, but gave up their plans, explaining it the way they can invest their money in more profitable and awarding projects. The CIS countries, especially Kazakhstan, have made quite tempting offers.

This means for us over 25 M. USD of additional income for the region and creation of over 2,000 new jobs, the Lvov Regional Administration's Chief Petr Oliynyk noted. This year's foreign investments amounted to 19 M., whereas the last year's investments from abroad amounted to 50 M. to 70 M. USD. Special groups and councils have been established within the Administration to coordinate their investments' activity with the President's Foreign Investment Advisory Council. We have already elaborated intellectual-innovation program Toward Investor, Petr Oliynyk said.


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