Saturday, July 16, 2011

Ukraine will sit on starvation rations investment?

If the Verkhovna Rada will pass a law with the signs of the state monopoly in the export of grain, Ukraine will have to sit on starvation rations investment. This in an interview ZN.UA said Director of the Agribusiness Department of the European Bank for Reconstruction and Development (EBRD) Gilles Mettetal. "From you turn away money bags" - he stressed. A need for Ukrainian agriculture in the media, according to the EBRD representative, is large enough. In particular, in 2010 the EBRD investment in Ukraine's agricultural sector amounted to 173 million euros, of which 95.4 million euros - directly in the grain projects. "They could be more generous to the 50-100 million euros, if the government had a reliable partner. Our Clients - agricultural enterprises, by investing in a hectare of 1-2 thousand dollars, managed to double their output. And if so financially" fertilize " each hectare of arable land Ukrainian! afford such expenses if the state budget? "- said Jean Mettetal. Output, in his opinion, is to attract private capital. "But the government should minimize the risks. At least in the segment in which it is - the absolute master," - said director of the EBRD's Agribusiness Department. He also stressed that Ukraine had grains over their own consumption. "In other words, selling the remains, you direct the flow of foreign currency into Ukraine and it can cover the external borrowing. Such export operations do not steal from you and do not lead to economic decline", - said J. Mettetal. In addition, he said, the EBRD financed solely by the private sector: "Therefore we do not create a financial burden on the government, the Ukrainian people. We could easily double the volume of our business, our business presence in your country. Of course, under appropriate conditions. These are precisely the means which would not need the state to borrow from other financial institutions. " "The key to reform in Ukraine market-oriented environment, not a monopoly" - summed up the EBRD representative. Read more in the recent issue of The Mirror of the week. Ukraina "in an interview with Vladimir Chopenko with Gilles Mettetal.

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