Business news from Ukraine

UKRAINIAN FARMERS COULD RECEIVE BUDGET SUBSIDIES FROM MID-APRIL

29 March , 2017  

KYIV. March 29 (Interfax-Ukraine) – Automated payments of subsidies to agricultural producers for February under the government support program are to start from April 15, 2017, Ukraine’s Agricultural Policy and Food Ministry reported on Tuesday.
“The main thing what farmers are to do now to receive subsidies for February is to submit applications to the State Fiscal Service before April 1, 2017. The authority has started filling in the relevant register. Payments will start from April 15. All conditions for this have been created,” Minister Taras Kutoviy said.
The ministry said that before April 5 the assignments in line with the monthly budget targets will be allocated. Before April 10 the State Fiscal Service will form the register of budget subsidy recipients. From April 15, the State Treasury will start settling payments automatically sending the sums of budget subsidies from the non-budget account of the ministry to relevant recipients.
The ministry said that a total of UAH 217.3 million has been accumulated to pay in April 2017.