Loading...
The all-season mountain resort project, GORO Mountain Resort, which began construction in autumn 2024 near the village of Slavskо in the Lviv region, has received state support under the government's program for projects with significant investments.
On June 12, 2025, a trilateral special investment agreement was signed at the Lviv Regional State Administration between the Cabinet of Ministers of Ukraine, the Slavske Territorial Community, and the companies ROZHANKA PARK LLC and SLAVSKI LLC, which are implementing the GORO Mountain Resort project. The agreement was signed by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, Oleh Danyliak, acting head of the Slavske Territorial Community, Volodymyr Harazd, CEO of GORO Mountain Resort and Director of ROZHANKA PARK LLC, and Nazar Yaremchuk, Director of SLAVSKI LLC.
The state program for supporting projects with significant investments provides for exemption from corporate income tax for 5 years after the project launch, duty-free import of new equipment necessary for implementation, compensation for connection to engineering infrastructure, and priority access to land plots required for the project.
It is estimated that over the next 15 years, the total tax effect (revenues to budgets at all levels) from the GORO Mountain Resort project will amount to UAH 7.3 billion, even after accounting for the state support provided.
GORO Mountain Resort commits to invest at least UAH 4.9 billion by the schedule agreed upon with the state. The company will create jobs with salaries more than 40% higher than the average in the Lviv region, exceeding the minimum requirement of +15% specified in the agreement. Once completed, the resort is expected to directly and indirectly involve up to 25,000 employees in the region’s tourism and recreational sector.
Violation of the agreement terms will result in termination of the agreement, revocation of benefits, and penalties. This approach minimises risk for the state and ensures control over the project’s implementation.
Despite the war, investors continue to support the development of Ukraine’s regions. Two more projects have received state support — “Slavski” and “Rozhanka Park” — which, together, will invest €140 million in the development of recreation in the Carpathians. In partnership with local authorities, they will develop new tourism infrastructure, and budgets at all levels are expected to receive approximately UAH 7.3 billion in revenues over the next 15 years. We also expect the company to create new jobs with above-average wages for the region," said Yuliia Svyrydenko.
"This agreement is, above all, a marker of investor trust in the state and its ability to guarantee fair rules of the game — even in challenging times. Thanks to GORO, a new fully-fledged infrastructure cluster is emerging on the map of Ukraine, which will contribute to the sustainable development of the mountain region: from the construction of new roads and hotel-recreational infrastructure to the modernisation of engineering systems, creation of thousands of jobs, and stimulation of small businesses," noted Vasyl Danyliak, CEO of OKKO Group and co-founder of GORO Mountain Resort.
He emphasised that the project is funded through OKKO Group's own investments, loans, and private capital. Since the re-registration of OKKO Group in Slavske in 2017, the group has already paid about UAH 1.4 billion in taxes to the local budget. In 2025 alone, another UAH 400 million is expected. Overall, budget revenues at all levels from the implementation of GORO projects over the next 15 years are estimated to reach up to UAH 9.4 billion.
OKKO Group began construction of the large-scale recreational project GORO Mountain Resort in October 2024. The resort will feature ski slopes equipped with artificial snowmaking systems, modern gondolas and chairlifts, as well as Welcome and Mountain centres. The total area of the first phase is 127 hectares. The resort will be able to accommodate up to 5,000 skiers at a time and more than 500,000 visitors annually.
OKKO Group serves as the sole owner, principal investor, master developer, builder, and operator of GORO Mountain Resort, ensuring coherent development and a unified vision for the all-season recreational project. The international resort concept was developed in collaboration with Austrian experts, including PKF Hospitality (investment analysis and concept), ILF Group (master plan and ski infrastructure), and Doppelmayr/Garaventa Group (design of lift and cable car systems).
agency