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The Cabinet of Ministers of Ukraine has decided to sign two special investment agreements that will provide state compensation for significant investments in the agricultural sector. This was announced by First Vice Prime Minister and Minister of Economy Yulia Svyrydenko.
The first agreement will be signed between the government, Astarta-Kyiv Limited Liability Company and Astarta Agro Protein. Astarta, one of the largest food producers in Ukraine and Europe, continues to invest in the modernisation of its businesses even during the full-scale war.
The company plans to build a new soybean meal processing plant with a capacity of 500 tonnes per day in Poltava region. The investment of more than €76 million will be used to purchase the latest equipment and technologies, which will significantly improve the efficiency of agricultural processing.
This project will not only create 110 new jobs, but also strengthen the development of the processing industry in the region. In addition, the introduction of new approaches to growing and processing soybeans will help to increase the competitiveness of Ukrainian farmers on the global market.
Thus, the government continues to actively support investments in strategic sectors of the economy, which is an important step towards the country’s recovery in difficult times.
