The Cabinet of Ministers of Ukraine has signed a special investment agreement with the company ‘Fidnova Center’, which is implementing a large-scale project in the Cherkasy region. This involves the construction of a modern complex for processing livestock waste, which will produce protein feed additives and animal fats. The investment in the establishment of the enterprise is estimated at 649.7 million hryvnias.
This is reported by Business • Media
State Support and Benefits for Investors
As part of the agreement, the state will provide support for the project amounting to 172 million hryvnias. Among the measures provided by the state are: exemption from customs duties and VAT during the import of new equipment, compensation for expenses related to the development of engineering and transport infrastructure (construction of roads, provision of electricity, gas, water, and heat supply, as well as communication networks), and exemption from corporate profit tax.
‘Fidnova Center’ will create over 80 new jobs, and the enterprise will contribute to the development of the agro-industrial complex in the region and enhance environmental safety.
Implementation of the ‘Investment Nanny’ Program in Ukraine
The agreement was signed as part of a state initiative to support projects with significant investments, known as the ‘Investment Nanny Law’. This program allows investors to receive a range of benefits for the development of strategically important projects. Currently, four large-scale investment agreements have already been concluded under this law. Among them are the construction of a plant for processing soybean meal, the construction of the largest water park in Eastern Europe at the ski resort ‘Bukovel’, and two projects related to the GORO Mountain Resort.