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.
The 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.
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.