Arseniy Yatsenyuk: Gov't allocates UAH300 mln for small and medium-sized farms to compensate interest rate

The Government of Ukraine has allocated UAH 300 million for compensation of interest rates for small and medium-sized farms and plans to allocate funds to compensate the interest rate for the purchase of Ukrainian agricultural machinery in the second half of the year.

Prime Minister of Ukraine Arseniy Yatsenyuk said this during the inspection of domestic agricultural machinery used at planting corn and soybeans in Kyiv region on Friday, April 24.

The Prime Minister recalled that the Cabinet of Ministers set two priorities in the action program - development of the energy sector, as well as food policy.

Last year, the Prime Minister said, the agricultural sector showed an increase of 16%. The Government, according to Arseniy Yatseniuk, expects that agriculture will continue to be one of the main driving forces of the Ukrainian economy.

"Ukraine is a key player in the global food market. The control of the food market in the world, supply of cheap and high quality food in Ukraine are those opportunities that we must seize. This requires investment, cheap credit and interest rate compensation that we now provide," the Prime Minister underlined.