Business news from Ukraine

GOVT PROPOSES TO ABOLISH SUPPORT FOR FARMERS, RAISE FUNDING FOR PENSION FUND BY UAH 20 BLN

The Cabinet of Ministers proposes to abolish support for agricultural producers, for which UAH 4 billion is provided in the 2020 national budget and increase funding for the Pension Fund of Ukraine by UAH 20 billion, to UAH 192 billion.
The materials of amendments to the law on the 2020 national budget of Ukraine, which the government submitted to the leadership of the Verkhovna Rada, were released by MP Oleksiy Honcharenko in the Telegram Channel on Thursday, March 26.
According to the amendments, the Cabinet of Ministers also intends to cut a number of subventions to local budgets, namely for the construction and repair of roads by UAH 3.24 billion, to UAH 18.9 billion; for local elections by more than UAH 2 billion, to UAH 1.3 million.
The amendments also provide for a reduction in the financing of the State Road Agency (Ukravtodor) by UAH 3.27 billion, to UAH 18.9 billion.
Regarding the country’s power bloc, it is proposed that the financing of the Interior Ministry be left at almost the same level at UAH 92.961 billion against the current UAH 92.966 billion. The costs for the Prosecutor General’s Office are proposed to be cut by UAH 50 million, to UAH 7.55 billion.
According to the materials with the proposed changes, funding for the Cabinet of Ministers Secretariat can be reduced by UAH 670 million, to UAH 930 million; the Supreme Court by UAH 110 million, to UAH 2.27 billion, the Verkhovna Rada apparatus by UAH 11 million, to UAH 1.989 billion.

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UKRSADPROM ASSOCIATION ASKS CABINET TO RAISE FUNDING FOR VITICULTURE, HORTICULTURE DEVELOPMENT

The Ukrsadprom association has appealed to the Cabinet of Ministers and the Ministry of Agrarian Policy and Food with the request to increase funding of the program for the development of viticulture, horticulture and hop growing by the end of this year to meet the demand of farmers.
“Ukrsadprom records an extremely high demand on the part of gardeners for state support, the peak of which will be in the autumn planting season. And it is clear today that the demand of gardeners will significantly exceed the supply of existing support,” the association’s press release said.
In this regard, according to the decision of the association council of August 11, 2018, an appeal was sent to the Cabinet of Ministers and the Ministry of Agrarian Policy and Food by the end of this year to increase funding for the program to meet the demand of farmers and expand the list of priority directions of state support, adding articles related to storage and pre-sale preparation of grown products.
“Considering high demand on the part of gardeners for participation in the support program, as well as the need to attract modern technologies to the industry and ensure sustainable development, Ukrsadprom suggests significantly increasing the amount of financing for the program in 2019 to ensure the rapid introduction of storage and pre-sale preparation facilities for Ukrainian fruits and berries,” the association said.

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