Business news from Ukraine

AGRICULTURE MINISTRY WILL COMPENSATE UAH 120 MLN TO FARMERS UNDER HORTICULTURE PROGRAM

The Ministry of Agrarian Policy and Food of Ukraine intends to allocate UAH 119.8 million for reimbursement of expenses to 112 business entities under the program to support the development of viticulture, horticulture and hop production, the press service of the ministry has reported.
The ministry’s commissions made the corresponding decision at a meeting on July 12.
“Thanks to state support, Ukrainian agricultural producers have already planted 1,853 hectares with new crops, in particular, hazelnuts, walnuts, apples, pears, cherries, blueberries, strawberries, grapes, cherries, raspberries, plums, peaches, sea buckthorn,” the ministry noted.

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MINISTRY OF INFRASTRUCTURE WILL PROPOSE GOVERNMENT TO COMPENSATE INVESTMENTS IN SEAPORTS

The Ministry of Infrastructure of Ukraine in the near future might submit a draft resolution on compensation of investments in the port industry to the Cabinet of Ministers for consideration, Deputy Prime Minister Volodymyr Kistion has said. “We are talking about compensation of investments in the port industry of Ukraine, legalization of objects of port infrastructure that are not registered for objective reasons, both public and private,” he said at the Ukrainian Ports Forum 2018 in Odesa. In addition, the official expressed confidence that the ministry will soon complete the development of a new methodology for calculating port dues, as well as preparation of other legislative acts that will promote the development and modernization of seaports and will further provide opportunities to reduce port rates. At the same time, Kistion noted that since the beginning of the year the government has reduced port rates by 20%.

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