of December 23, 1997 No. 774/97-BP
About the state support of the ship-building industry of Ukraine
This Law is directed to creation of conditions for attraction of foreign investments, preserving, development and effective use of the created high potential, scientific and technical and export potential of the ship-building industry of Ukraine, and also ensuring economic interests of the state in increasing production of the Ukrainian companies.
Article 1. Recognize shipbuilding as priority industry of economy of Ukraine and grant the right to the Cabinet of Ministers of Ukraine to act on behalf of the state as the guarantor of accomplishment of obligations of the companies of the ship-building industry on the foreign loans granted by foreign states, banks, international financial institutions and also obligations to foreign customers under the external economic agreements (contracts).
Article 2. This Law becomes effective from the date of its publication.
President of Ukraine L. Kuchma
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