standards to guests of the city.
Numerous laundries, dry cleaners, and other consumer service
establishments both at hotel and all round the city propose their
In addition to numerous store that sell goods of domestic and foreign
producers, there is a number of stores that offer goods of leading
All these make it possible to hope that businessmen who are going to
connect their business with the Kharkiv Region would feel themselves
comfortably when staying in our city.
In terms of provision and general economic potential Ukrainian oblasts
differ a lot from each other.
In this regard, according to investment attractivity (developed in the
Kiev Reform Institute) the Kharkiv oblast joins the group of so-called
leaders and takes the 6-th place among the most attractive oblasts in
terms of investment.
Foreign economic relations and foreign investments
The main goods that are exported abroad are as follows:
- machines and equipment;
- air- and spacecraft;
- electric machines;
- products of pharmaceutical and chemical industries; and
- food products, consumer products.
The main imports are as follows:
- mineral fuel; and
- machines and equipment.
Special Regime of Investment Activities
Act of Ukraine “On Special Regime of Investment Activities in the
Territory of the City of Kharkiv” is aimed to create a favourable
climate for both domestic and foreign investors. This Act came into
force from January 01, 2000, and creates attractive conditions for
investments in the development of priority economic activities.
Benefits and privileges as provided by Special Regime of Investment
Activities cover Projects the amount of investments whereof is over US$
3,000,000 for production of machines and equipment, metal-working; over
US$ 1,000,000 for production of electric power, gas and water,
transportation, communication, processing of scrap metal and metal
waste; over US$700,000 for civil engineering, waste treatment, chemical
production, furniture production, pulp-and-paper and printing
industries; over US$500,000 for food industry and processing farming
products, light industry.
Benefits and privileges provided for are as follows:
- exemption for 5 years from import duty and import VAT of raw
materials, supplies, equipment and constituent parts thereto that are
connected with the realisation of Investment Projects pursuant to
agreements (contracts) entered into with the Council;
- exemption from 100 per cent of taxation for 3 years and from 50 per
cent of tax on profit for further 3 years (in the part of profit earned
from the use of investments);
- exclusion of the amount of investments attracted from the gross
- exemption for 5 years from payment for land during the period of
developing the latter.
Institute for Single Crystals, Scientific and Technological Concern
The implementation of an innovation state policy requires for a new
technological, sectoral, and structural organisation of the national
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