Financial sector news

Industrial parks are increasingly becoming one of the key mechanisms for Ukraine's economic recovery. They stimulate the development of the processing industry, attract investment, create new jobs, and provide stable revenues to local budgets. Each hectare of such parks can provide up to 50 jobs, and each hryvnia of state investment can attract 5–6 hryvnias of private investment.

As of October 2025, 106 industrial parks have already been registered in Ukraine. For comparison: in 2022, only 8 were added, in 2023 — 13, and in 2024 — a record 31, despite the war. According to the Ministry of Economy's forecasts, it is the development of industrial parks that will allow the share of the manufacturing industry in GDP to double over the next decade.

The Cabinet of Ministers has decided to include the AZORTEKH industrial park, located in the city of Andrushivka in the Zhytomyr region, in the Register of Industrial Parks. This is already the 106th facility on the list.

The total investment in the development of AZORTEKH will amount to about UAH 838.8 million (approximately $20.5 million). The initiator of the project is AZOR-LTD LLC, which plans to invest $6.1 million of its own funds and attract external investments.

The park was created for a period of 30 years on an area of 21.8 hectares. It will house enterprises producing bioethanol, ready-made feed, starch and starch products, flour and cereal products, and other processing industries.

The launch of AZORTEK is expected to create more than 520 new jobs, contribute to the development of the local economy, and increase the region's investment attractiveness.

"Industrial parks are modern production sites that launch businesses, create jobs, and generate tax revenues for communities. The state supports investors with an incentive program that helps to build infrastructure faster and reduce barriers to business," said Deputy Minister of Economy, Environment, and Agriculture Vitaliy Kindrativ.