The Ministry of Agrarian Policy and Food counts on €400 millions
The Ministry of Agrarian Policy and Food plans to receive funds in the amount of 400 million euros by the beginning of the next 2016. This statement made A.Pavlenko, who is head of this ministry, at a briefing in Kiev. According to his statement, Ukraine can receive exactly this amount from the EIB (European Investment Bank).
Aleksei Pavlenko clarified that the Ministry of Finance has already introduced the resolution on an agreement with the EIB, and the next step is to undergo the formal procedure of the Ministry of Agrarian Policy. After the Cabinet of Ministers adopts a resolution and approves the procedure, it will be signed by the president and initialed by Verkhovna Rada of Ukraine.
The head of the ministry recalled that Ukraine had already attracted finance from the EIB for the Ministry of Regional Development, and noted an exceptional importance of obtaining a loan. He said that the loan would make available cheap European funds, which can substantially support domestic agricultural businesses.
The Ministry of Agrarian Policy of Ukraine expects to receive €400 million for the development of the country’s agricultural sector. This amount should be allocated by the European Investment Bank on favorable terms. Such a loan will allow Ukrainian farmers to get access to additional resources necessary for the development and modernization of agriculture.
This decision of the Ministry of Agrarian Policy is part of the industry development strategy for the coming years. As part of this strategy, it is planned to implement several programs aimed at improving soil quality, increasing crop yields and reducing the environmental impact of agriculture on the environment.
News and analysis, which can be found on the IPR website, will help you stay up to date and understand what changes are taking place in the agricultural sector in Ukraine. In addition, on the site you can find information about financial instruments and opportunities that are available for agricultural enterprises in Ukraine.
Financing is one of the key aspects of the development of the agricultural sector. Thanks to access to financial resources, Ukrainian farmers will be able not only to increase productivity, but also to introduce new technologies, improve product quality and expand export potential. On the IPR website you will find all the necessary news and analytics to keep abreast of events and understand how financing affects the development of the agricultural sector in Ukraine.
