KIEV, Sept. 19 (Xinhua) -- Ukrainian Defense Minister Denys Shmyhal announced on Friday that 25 foreign companies, including global defense production giants, are currently localizing their production in Ukraine.
"We offer partners various models of cooperation... The priority is that the majority of the company's output serves the needs of the Ukrainian army," Shmyhal wrote in a post on Telegram.
To minimize risks for investors and make joint ventures more attractive, Ukraine is establishing a special mechanism to provide incentives for the defense industry, the minister said.
He said that these incentives include tax breaks, simplified customs procedures, relocation of production to safer regions, increased state financial support and export opportunities. ■
