At the regular session of the Board of Special Economic Zones and Special Mode of Investment Activity in Donetsk region there have been considered 8 projects. 7 of them have been approved.

Limited Liability Company "Agrofirm "Agrotis". The investment project - "Organization of farming industry". The project includes reconstruction and building of administrative buildings, purchase of farm equipment. The firm "Agrotis" deals with plant growing, cultivation of cereal, grain-leguminous, industrial, feed cultures, and water-melons, melons, and gourds. It is also engaged in pig husbandry. The main investor is concern "Energo". The Project cost - 3,7 mln. dollars.

Limited Liability Company Joint Venture EE "Vozrozhdenieye". The investment project - "Meat foods production". The project cost is 2,2 mln. dollars. It's aim is to create meat foods production for Ukrainian market. The main investors: the firm "Rital Limited" (Great Britain) and LLC "Poultry complex "Donbass" (Ukraine). The investments are to be delivered in the form of cash asserts. Payback period - 1,4 years. The term of putting into operation - March 2001.

Limited Liability Company "T.E.K. Trans". The investment project - "Creation of motorcade № 2 of the enterprise to perform work and for rendering services in the sphere of international cargo auto transportation" The investments to the sum of 1,6 mln. dollars are to be received from Hungarian company TS "YANIMAX Ltd." The investments resources are meant for purchase of vehicles. Payback period - 48 months, the term of putting into operation - the first quarter of the year 2001.

AOZT "Mushketovskaya avtobaza" The investment project "Creation of a mechanical motorcade" to the sum of 1,1 mln. dollars. Within the framework of the project it is planned to purchase agricultural machinery and to render services to agricultural enterprises. The investor is the firm "Bjuker GmbX" (Germany). Payback period - 4 years. The term of putting into operation - the fourth quarter of the year 2000. This project has not been approved. After all the remarks concerning the project have been taken into account and the appropriate amendments have made, it will be under consideration at the session of the Board of SEZ and TPD again.

Limited Liability Partnership "Laser plus". The investment project "Rendering services in eye diseases treatment with the application of modern technologies". The project cost - 1,2 mln. dollars. The investor is the firm "Turitella Corporation" (USA). The investment resources must be spent on purchase of medical equipment and on construction-finishing works. Payback period - 17 months. 20 new jobs are expected to appear due to realization of this project.

Limited Liability Partnership "Riko". The investment project "Creation of production for assembling of auto-tractor accumulators". The project cost - 1 mln. dollars. The investor - the firm "Gjuler AKU" (Turkey). The investment resources are to be used for purchase and installation of manufacturing facilities, and for employment and training of the staff. The investments will be received in the form of credit. Payback period - 3,4 years, the term of putting into operation - the third quarter of the year 2000.

Stock Company of a closed type "Golden well". The investment project "Establishment of PET-bottles manufacture". The project cost - 1,1 mln. dollars. It is planned to purchase the equipment for manufacture of containers for mineral water. The investor is the Closed Stock Company "Golden well" itself. Payback period - 27 months. The term of putting into operation - the first quarter of the year 2001.

Limited Liability Partnership "DAK". The investment project "New technologies: their development and implementation in food industry and in construction materials production". The project cost - 1 mln. dollars. The investors: the firm "S.L.L." (Cyprus), "ENGLER LIMITED" LLC (USA), PE "MAK" and PE "KREKYS" (Ukraine). The investments are to be delivered to the authorized fund. The main cash assets will be spent on purchase of equipment, fixed assets, and know-how technologies. Payback period - 14 months. The term of putting into operation - the third quarter of the year 2000. According to the project there must be created 209 new jobs.

The Board has also considered the new data concerning the projects cost. The thing is that some firms have altered the cost of their projects accepted earlier, because of the changes in conditions of their realization.

The members of the Board discussed the draft of Taxing code and made proposals concerning the taxation of investments which are being invested in SEZ and TPD.