474 investment projects worth $1.6 billion currently underway in Ukrainian agriculture

Source : 112 Ukraine

The projects are expected to create around 16,000 jobs.
11:26, 12 April 2018


474 investment projects worth $1.6 billion were implemented in Ukraine’s agro-industrial complex, as of the beginning of 2018.

“The most investment activity is exhibited by the Vinnytsya region ($242.3 of capital investment), the Kyiv region ($42.3 million), the Poltava region ($23 million), the Cherkasy region ($15 million) and the Sumy region ($15 million). The majority of the investment projects are taking place in the Poltava region (69 projects), the Lviv region (64), the Vinnytsya region (48), the Chernivtsi region (43) and the Cherkasy region (41),” according to the website of the Ministry of Agrarian Policy and Food of Ukraine, UNIAN reports.

Related: Every other land purchase permit in Poland granted to Ukrainian citizens in 2017

Investment projects are implemented in the following areas: development of cattle breeding (112 projects, accounting for 23.6% of their total number), pig breeding (59, 12.4%), poultry farming (27, 5.7%), processing and storage of grain and industrial crops (88, 18.6%), vegetable and fruit storage (58, 12.2%), perennial plantations (20, 4.2%), and irrigation (14, 3%). The implementation of the aforementioned projects will create about 16,000 jobs. Most of the funding comes from producers’ own money (74.3%).

Related: Ukrainian government approves bill transferring 500,000 hectares of land to farmers’ ownership

The cost of investment projects varies from $3,800 to $369 million. Some 380 investment projects with a total estimated cost of $1.1 billion have been implemented in the Ukrainian agribusiness sector since January 1, 2017. According to the Institute of Agrarian Economy, capital investment in the country's agrarian sector in 2017 grew by almost 30.7% against 2016, to $2.9 billion.

Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

see more