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Capital investment in the Ukrainian agro-industrial sector totaled UAH 61.1 billion, or US$2.25 billion, last year, accounting for 18.7% of total capital investment injected in the country's economy, according to the Ukrainian Agrarian Policy and Food Ministry's press service, which cited State Statistics Service data.
"According to the State Statistics Service, the agro-industrial sector's expenditures on construction and assembly works, as well as acquisition of buildings, equipment, tools, and cost of other capital works in 2016 reached UAH 61.1 billion, accounting for 18.7% of the total volume of capital investment in Ukraine," the press service said in a statement.
In particular, investors injected UAH 44.2 billion in capital investment in agriculture last year, which was 51% up from 2015. Capital investment in the food and processing industry grew by 24.4% in 2016 against 2015, to UAH 16.9 million, according to the ministry.
Read alsoMinistry of Agrarian Policy names main priorities of its work in 2017The main source of funding were own funds of enterprises and organizations, due to which 69.4% of the total volume of investment had been used. The share of raised and borrowed funds, in particular, bank loans and foreign investors' assets accounted for 10%. Some 9.4% of capital investment came from the national and local budgets.
As UNIAN reported earlier, the volume of used capital investment in Ukraine was UAH 326.2 billion in 2016, which was 16.4% up against 2015 in comparable prices, according to the State Statistics Service.
Earlier, the National Scientific Center "Institute of Agrarian Economy" stated that capital investment in Ukraine's agriculture in 2016 was estimated at UAH 44 billion, which was a record high over Ukraine's independence. It was 1.5 times up on the 2015 figure.