The Astarta and Bukovel projects will be the first to receive state support under Ukraine’s investment program.

The Cabinet of Ministers approved the signing of two special investment contracts within the framework of the support program for projects with significant investment, known as the investment nanny. The first contract will be concluded with Astarta-Kyiv and Astarta Agro Protein.

Astarta plans to build a soybean meal processing plant with a capacity of 500 tons per day in the Poltava region. The company is investing over €76M to acquire equipment and technologies. Companies will provided with many incentives: exemption from payment of import duty on new equipment, exemption from import VAT on new equipment, and exemption from income tax for up to five years.

The state will sign the second contract with the Bukovel and Aquapark companies to implement a  significant project. The signing of the agreements demonstrates that the support program is already available for investors ready to invest more than €12M.