Photo from UNIAN
The Cabinet of Ministers of Ukraine will increase the funding for the program of compensation for the cost of Ukraine-produced agricultural equipment from UAH 550 million this year up to UAH 1 billion in 2018, according to Prime Minister Volodymyr Groysman.
The program of a 15% compensation of the cost of Ukraine-made agricultural machinery for the Ukrainian farmers will be continued into 2018, Groysman said Friday during his visit to an agricultural exhibition in Kyiv.
"Agricultural engineering is of great importance for Ukraine. We want to develop the economy, but this would be impossible without the creation of high-quality competitive domestic products. Ukrainians today spend about UAH 10 billion for the purchase of various agricultural equipment, and of this sum only UAH 1.5 billion is spent on equipment, produced in Ukraine,” said the prime minister. “This year we are allocating UAH 550 million for a 15% refund of the purchase of Ukraine-produced equipment, which has a 60% localization of production.”
Read alsoUkraine boosts agriexportsGroysman said the government’s task was to increase the share of Ukrainian equipment in the Ukrainian market. “We will compensate the buyers, not the producers, so that the buyers could choose where to buy their equipment,” he said.
The prime minister added that the refunds will total approximately UAH 1 billion next year.
"Some 100,000 people are employed in this sector,” said Groysman.