Ukraine. Government issues almost UAH 3bln to cheapen credits for agrarians – 29.06.2010

The Cabinet allocated from the state budget's stabilization fund UAH 2.903 billion (USD 1/UAH 7.91) to cheapen credits and to finance investment projects in the agroindustrial complex.

The Agrarian Policy Ministry is the resource administrator, government's resolution No. 496 of June 23 says.

In particular, UAH 1.012 billion was earmarked to cheapen credits, UAH 1 billion - for partial compensation to agricultural producers of the cost of construction and reconstruction of cattle-breeding farms and facilities.

In addition, UAH 200 million is designated for setting up wholesale markets of agricultural products, UAH 259 million - for rendering support to plant growing production.

The government allocated from the stabilization fund UAH 12.063 million as the state support to agricultural servicing enterprises, UAH 71.901 million - for payment of the budgetary cattle-breeding subsidy.
 

ukrinform