Capital investment in Ukraine`s agricultural sector in the first half of 2016 amounted to UAH 17 billion, a 73.8% rise over the same period last year, the press service of the Ukrainian Agribusiness Club Association reported.
”The growth of capital investment is attributed to a relatively stable economic situation in the country over the past year, as well as the partial servicing of deferred investment needs in 2014-2015, when the economic and political instability virtually brought any investment activity in the agricultural sector to a halt,” the association`s statement read.
It is also noted that during the period, investments in the agricultural sector exceeded those in any other type of economic activity in Ukraine. At the same time, the Agribusiness Club Association`s experts have noted that the increase in capital investment is a positive trend, which indicates the attractiveness of the agricultural sector. However, in considering the significant problem of obsolete fixed assets and industrial infrastructure, the Ukrainian agricultural sector needs to see up to ten times more investment.
As UNIAN reported earlier, the volume of assimilated capital investments in Ukraine in January-June 2016 amounted to UAH 119.843 billion, a 9.6% rise year-on-year, according to the State Statistics Service of Ukraine.
In the reporting period, the largest volume of assimilated capital investments, estimated at UAH 35.278 billion, or 29.4% of the total volume, was recorded in Kyiv, while the amount of investment in Kyiv region reached UAH 12.185 billion, or 10.2%. The volume of investment in Dnipropetrovsk region is estimated at UAH 10.565 billion, or 8.8% of the total volume. The volume of investment in Lviv`s agricultural sector amounted to UAH 5.472 billion, or 4.6%, and in Kharkiv region, agricultural investments were estimated at UAH 5.225 billion, or 4.4%.