On November 23 the government accepted the draft of an amendment to the act on some forms of supporting innovative activities.

The amendments include regulations which encourage the entrepreneurs who want to invest in modern technologies (patents, licenses, know-how) used for modernization of production to take benefit of the technological credit.

Technological credit is meant for financing innovative projects from national (20 per cent) and union funds (80 per cent). The credit can be applied for by micro-, macro- and medium entrepreneurs.