Ukraine: uncertainty of the state agrarian policy pushes away investors - World Bank

Ukraine: uncertainty of the state agrarian policy pushes away investors - World Bank

Ukraine: uncertainty of the state agrarian policy pushes away investors - World Bank

The FINANCIAL -- Uncertainty of the agrarian policy of the state is one of the major problems of the agricultural sector of Ukraine, which pushes away potential investors, declared Oleg Nivevsky, Agricultural Policy Advisor at the World Bank Group, on May 28, during his speech at the round table discussion “Grain market development in terms of the new agrarian policy”, within frames of the international conference "Grain Forum & Maritime days in Odessa -2015".

The expert noted that corruption and high regulatory burden, including during the exports of agricultural products, bar the further developing of the agricultural sector. According to him, the financial burden during realization of the phytosanitary requirements in Ukraine is 7 times higher compared with the similar ones in the European Union.

The need to finance public institutions on the grain market remains doubtful, because private companies operate more efficiently, so the role of the government on the market is not certain, said O.Nivevsky, according to APK Inform.

He added that in order to solve the issue of land reform in Ukraine, the government should run the pilot projects on creation of the land market in certain region, and make the decision on basis of the received experience.