EBRD to boost investment in Ukraine's agriculture

January 29, 2016 7:37 am 

KIEV, Jan. 28 — The European Bank for Reconstruction and Development (EBRD) will increase its investment in Ukraine's agricultural sector to about USD218 million this year.

The amount of the investment represents a rise of 12.5 percent from that of last year, said Anton Usov, the London-based EBRD's senior advisor for external affairs, in an interview published Wednesday in the "Agropolit" newspaper.

"The agricultural sector is now the most attractive and the most successful sphere for us. In 2015, we implemented most of the agricultural projects that we have planned," Usov was quoted as saying.

According to him, apart from investing into Ukrainian big agriculture businesses, the EBRD will this year channel more funds to medium-sized farming enterprises to help them to go through the financial crisis that has gripped the country.

Currently, the EBRD is in talks with five Ukrainian medium-sized agricultural enterprises on the possible funding, Usov said, adding that each company has the prospects to receive up to USD10.9 million from the bank.

According to Ukraine's Agriculture Ministry, the country's farming sector attracted USD1 billion of foreign investment last year, of which, about USD190 million came from the EBRD. (PNA/Xinhua)



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