Prime Minister of Ukraine Volodymyr Groysman has announced his intention to increase funding for the program of partial compensation of the cost of Ukrainian agricultural machinery to Hr 1 billion in 2018.
According to the press service of the Cabinet of Ministers, the government program to receive a 20% reimbursement for the cost of agricultural machinery and equipment of Ukrainian production should be an effective mechanism of aid to both farmers who will try to upgrade their equipment and producers specializing in agricultural machinery building.
According to the government, first deals under the program will be formalized in the near future.
“This year Hr 550 million has been allocated for the program of partial compensation of the cost of agricultural equipment. This is only the beginning of a large-scale program to support national producers of agricultural machinery. Next year the initiative will be continued and funding will be increased. The amount of financing rill rise to Hr 1 billion,” the prime minister said.
Groysman stressed he is interested in the fact that Ukrainian plants produce competitive goods and expand their production, while Ukrainians have jobs.
