Ukraine approves state support for €140M Carpathian resort investment
Source: Goro Mountain Resort

On Thursday, June 12, special investment agreements were signed in Lviv between the Cabinet of Ministers of Ukraine, the Slavske Village Council, and the companies Slavski and Rozhanka Park. These agreements involve a €140 million investment into the construction of Goro Mountain Resort, an all-season mountain resort in the Carpathians, according to the Ministry of Economy’s press service.

The agreements are part of Ukraine’s large-scale investment project program, with the first such project being Astarta-Kyiv’s soybean processing plant.

This program enables up to 30% of capital expenditures to be covered for projects worth €12 million or more, through various forms of government support. These include corporate income tax exemptions, import duty and VAT exemptions for new equipment, reimbursement of engineering infrastructure costs, and preemptive rights to use land plots.

According to the Lviv Regional Administration, the future resort will accommodate up to 5,000 skiers simultaneously and attract up to 500,000 visitors annually.

More than 25,000 people are expected to be directly or indirectly employed as a result of the project.

Investors claim that wages at the resort will be 40% higher than the regional average.

According to First Deputy Prime Minister Yulia Svyrydenko, the Slavske resort project is projected to generate UAH 7.3 billion in revenues for local and national budgets over the next 15 years.

The project is being developed by OKKO Group.

  • Back in autumn 2024, it was reported that OKKO Group had launched the construction of Goro Mountain Resort — an international-standard, all-season mountain destination. The resort will be located at the foot of the Vysokyi Verkh mountain range at an altitude of 650 meters above sea level, near the villages of Volosyanka and Verkhnia Rozhanka, which are part of the Slavske territorial community in Lviv region.
  • Originally, construction was scheduled to begin in spring 2022, but was temporarily postponed due to Russia’s full-scale invasion of Ukraine.