Arseniy Yatsenyuk: Government allocates UAH 300 to compensate interest rate for agrarian sector

In amendments to the Law on the State Budget, the Government of Ukraine planned to allocate UAH 300 million to reimburse interest rates for the agricultural area. Prime Minister of Ukraine Arseniy Yatsenyuk announced at the meeting of the Government of the Ukraine on Saturday, February 14.

"If we earn more, we’ll give more. In the meantime, for the first stage of sowing - UAH 300 million. This will afford to raise up to 5 billion hryvnyas of loans with considerable interest compensation", stressed the Prime Minister.

"Now it is the sowing campaign ahead but interest rates are high. We will partially offset the interest rate on loans for those who are working in the agricultural area, who will be actively engaged in development of one of the core economic sectors of Ukraine – an agricultural area", he urged.

Arseniy Yatsenyuk reminded that previous year the agricultural domain had demonstrated a 16% growth, "I believe in 2015 one of the basic sectors of the Ukrainian economy, an agricultural sector, will demonstrate further growth".