Arbuzov supports boosting investments into agriculture

15:15, 17.07.2013 1 min read

First Vice Premier of Ukraine Serhiy Arbuzov, who has taken on the duties of the prime minister during the latter's vacation, has said that it is necessary to boost investment activity in agriculture.

"Investment activity in agriculture should be stirred up," he said, opening a cabinet meeting in Kyiv on Wednesday.

He ordered Minister of Agricultural Policy and Food of Ukraine Mykola Prysiazhniuk to monitor the process of introducing and realizing pilot investment projects using long-term beneficial state loans.

Arbuzov also drew the attention of the minister to the necessity to realize program to increase in the number of combines and other harvesters by the end of 2014, to 75,000 units.

"Modern machinery should be affordable for agricultural producers," he said.

As reported, foreign investment in the farming sector of Ukraine this year could reach some $3 billion, compared to over $800 million in 2012, according to government estimates.