Some 474 investment projects worth US$1.6 bln under way in Ukraine's agriculture

Some 474 investment projects worth UAH 41.3 billion (US$1.6 billion) were being implemented in Ukraine's agro-industrial complex as of January 1, 2018.

Read alsoUkraine's Agroliga completing construction of brand new oil extraction plant"The highest investment activity is observed in Vinnytsia region (UAH 6.3 billion of capital investment spent), Kyiv region (UAH 1.1 billion), Poltava region (UAH 0.6 billion), Cherkasy (UAH 0.4 billion) and Sumy region (UAH 0.4 billion). Most of the projects are being implemented in Poltava region (69 projects), Lviv region (64), Vinnytsia region (48), Chernivtsi region (43) and Cherkasy region (41)," according to the website of the Ministry of Agrarian Policy and Food of Ukraine.

Investment projects are implemented in the following areas: development of cattle breeding (112 projects, accounting for 23.6% of their total number), pig breeding (59, 12.4%), poultry farming (27, 5.7%), processing and storage of grain and industrial crops (88, 18.6%), vegetable and fruit storage (58, 12.2%), perennial plantations (20, 4.2%), and irrigation (14, 3%).

The implementation of the said projects will create about 16,000 new jobs.

As reported, producers’ own funds remain a major source of capital investment (74.3%). The cost of investment projects varies from UAH 0.1 million to UAH 9.6 billion.

As UNIAN reported earlier, some 380 investment projects with a total estimated cost of UAH 27.9 billion were being implemented in the Ukrainian agribusiness sector as of January 1, 2017.

According to the Institute of Agrarian Economy, capital investment in the country's agrarian sector in 2017 grew by almost 30.7% against 2016, to UAH 75.7 billion.