KIEV, June 9 (Xinhua) -- Ukraine has eased its restrictions on the outbound investment of companies due to the gradual stabilization of its internal financial market, Ukraine's National Bank (NBU) announced on Friday.
Under the relaxed rules, Ukrainian businesses, which previously were allowed to invest abroad no more than 50,000 U.S. dollars per month, will gain the right to spend 2 million dollars a year on their overseas projects, the NBU said in a statement released on its website.
The NBU has also slashed the number of licensing documents for the Ukrainian legal entities, whose investment abroad do not exceed 50,000 dollars, the statement added.
The new rules will take effect on June 12, it said.
In 2016, Ukraine's outbound investment dropped 25.8 percent from the previous year to 20.7 million dollars.
