ANNOUNCEMENT 16 Jan 2014

In January 2014, the government of Ukraine announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 16 Jan 2014 | Removal date: 16 Jan 2015
Still in force

Instrument unclear

Law of Ukraine of 16.01.2014 No. 719-VII authorised state subsidies from the State Budget of Ukraine of the amount of 9.1 billion UAH (ca. USD 1 billion) in 2014:

  • for restructuring of coal and peat mining industry;
  • for support to the coal mining enterprises for partial refund of their production costs related to finished marketable coal products;
  • for technical modernization and re-equipment of coal and peat mining enterprises.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries. 
 

AFFECTED SECTORS