The Cabinet of Ministers has started to allocate 3 billion for investment projects: Bukovel and Astarta will be the first to receive it
The Cabinet of Ministers of Ukraine approved the signing of two special investment agreements within the framework of the law on “investments”. About this reported press service of the Ministry of Economy. Two projects will receive state support: “Astarta-Kyiv” LLC and “Bukovel” LLC.
The first contract was concluded between the government and the companies “Astarta-Kyiv” and “Astarta Agro Protein”. Despite the challenges caused by full-scale war, the company continues to invest in modernizing its production facilities. She plans to build a soybean meal processing plant in the Poltava region, capable of processing up to 500 tons of products daily. The total amount of investment in this project will be more than €76 million, which will contribute to the introduction of new technologies in the processing of agricultural products and the creation of 110 new jobs. This will also be an important step for the development of the agro-processing industry in the region.
Astarta will receive a number of benefits as part of the investment program: exemption from import duties and VAT on new equipment, as well as exemption from income tax for a period of up to five years. These measures will allow the company to quickly introduce new approaches to the cultivation and processing of soybeans, which is strategically important for the agricultural sector.
The second contract will be signed between the Cabinet of Ministers, Bukovel LLC and Aquapark LLC as part of an investment project with significant investments. The project provides for the creation of at least 82 jobs and will provide monthly tax revenues to the state budget in the amount of over 469 thousand hryvnias.
Yulia Svyridenko, First Deputy Prime Minister and Minister of Economy emphasized, that the signing of these agreements is evidence that the program to support large investment projects is working effectively. She also noted that the program is available to investors willing to invest more than €12 million, opening up new opportunities for the country’s economic development.
