Parliament passes ‘investment nanny’ law to attract big investors

The Verkhovna Rada, the Ukrainian parliament, has passed a law on increasing state support for large investment projects in yet another attempt to lure international business to the country.

The law will offer tax benefits to big investors and provide them with so-called “investment nannies,” managers who will help them communicate with state officials, provide advice and generally help them navigate the complicated world that is Ukrainian bureaucracy.