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Ukraine aims to attract $56 billion in investments in the agricultural sector following significant losses from the war.
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Ukraine aims to attract $56 billion in investments in the agricultural sector following significant losses from the war.

Agricultural industry of Ukraine is suffering losses due to the war, $56 billion is needed for recovery. UkraineInvest is attracting investments, highlighting the sector's potential and bringing in new technologies. This contributes to the development of the economy and the creation of jobs.

25 November 2024 25 November 2024

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.

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