In 2014 Ukrainian agricultural holdings reduce investment programs
Due to worsening of the political and economic situation in the country, in 2014 Ukrainian agricultural holdings started cutting down investment programs. So, Igor Petrashko, Deputy General Director of the company UkrLandFarming, said that previously the company announced on the planned investments at the level of 400-600 mln USD, but in the current year the expected volume of investments is not more than 200 mln USD. It does not mean that the company will stop projects: if foreign banks resume cooperation programs, UkrLandFarming may overtake the previous plans until the end of the year, said I.Petrashko.
The company KSG Agro does not plan to increase its land bank in the current year. To date the areas total 96 thsd ha, although the previous plans for expanding in 2014 totaled 120 thsd ha.
You can receive more detailed information on the investment plans of Ukrainian agricultural holdings from the new article "Ukrainian holdings - not best time to develop cardinally new projects" in the issue of AGRIMARKET WEEKLY #22 dd. June 2, 2014.
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