EBRD to increase crediting of Ukrainian agriculture to EUR 200 mln in 2016

This is less than in the previous year [2014 EUR 250 million], but compared to other sectors this is a good result. In 2016, the crediting level for us is EUR 200 million. In early January we are waiting for the closure of the agreement with Ukrainian Agrarian Investments. He added that in general, agriculture in Ukraine is interesting and successful for the EBRD, despite for a fall in the cost efficiency of agribusiness. "Almost everything that we planned in 2015 we've realized: we continued working with powerful companies as Nibulon, Kernel and MHP. The arrival of large players is out of the question, as Ukraine still has large macroeconomic [GDP fell by almost 12%, local companies faced a plunge in buying power of the population) and political risks," Usov said. As reported, the EBRD is providing a $20 million revolving working capital facility to Ukrainian Agrarian Investments (UAI). The EBRD is the largest international financial investor in Ukraine. As of January 1, 2016, the Bank had a total cumulative commitment of approximately EUR 12 billion in 357 projects throughout the country.