The Cabinet of Ministers of Ukraine has approved a list of goods that Astarta Agro Protein LLC will be able to import into Ukraine without paying customs duties. These include equipment and components for a soybean processing plant in Poltava region. The decision was made as part of a special investment agreement that the Government signed with Astarta in October 2024.

Such state support is available to all companies that have entered into a special investment agreement. Investors who invest from €12 million can receive compensation from the state for up to 30% of their capital investment. This includes reimbursement of the cost of grid connection and compensation for the cost of constructed substations, power lines, gas pipelines and other engineering and transport infrastructure. The investor will also be able to compensate for a portion of the invested funds through taxes.

‘Government support for investors with significant investments is working. Last year, we signed two investment agreements, one of which was with Astarta, which is one of the largest food producers, including one of the largest sugar producers in Ukraine and Europe. We have four more large investment projects under consideration, and we see growing business interest in this program. The duty-free import permit for the Astarta Agro Protein plant is the first practical precedent confirming the effectiveness of this model. Such initiatives develop the processing industry and create jobs. Ukraine should focus on developing its own production and switching from exporting raw materials to processing them,’ said Deputy Minister of Economy Vitaliy Kindrativ.

The Astarta Agro Protein investment project involves the introduction of modern technologies for processing agricultural raw materials. The total investment is EUR 76.6 million. The project will create 110 new jobs.

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Supporting projects with significant investments is part of the government's Made in Ukraine policy. If an entrepreneur invests €12 million or more, he or she will be able to receive compensation of up to 30% of capital investments through various mechanisms. The project implementation period is up to 5 years. Areas of investment: processing industry, mining, transport, logistics, education, science, medicine, waste management, culture, tourism, sports, and electronic communications.

Source: Ministry of Economy of Ukraine