Despite its significant potential, Ukraine's agricultural sector has suffered significant losses due to the war, with total losses amounting to $80 billion. Over 65% of the losses are concentrated in regions affected by hostilities. To restore and develop the industry over the next decade, investments totaling $56 billion are needed. A study conducted by the government's investment promotion and support office, UkraineInvest, extensively examines opportunities for investing in Ukraine's agro-processing sector.
According to the office's report, the main goal of this study is to stimulate investor interest in Ukraine's agro-processing sector, which has great potential for development and economic growth. The document highlights Ukraine's strengths: fertile soils, a favorable climate, advantageous geographical location, and government support that creates attractive conditions for investors.
"The UkraineInvest study demonstrates the potential of Ukraine's agro-processing sector to attract significant investments annually. A special investment agreement between the Government of Ukraine and the company 'Astarta' confirms that Ukraine has a functioning mechanism of state support for investments, allowing investors to receive up to 30% CAPEX, and the agricultural sector to create new jobs," noted Alexander Melnychenko, Executive Director of UkraineInvest.
He also added that investments in agro-processing not only contribute to the creation of new jobs but also facilitate the adoption of modern technologies and innovations. Thus, the agro-processing sector will become one of the main driving forces of Ukraine's economy in the coming years.