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Ukrlandfarming cuts 2014 investment plans on political instability
Journal Staff Report

KIEV, April 25 – Ukrlandfarming, the largest owner of farming land in Ukraine, revised downwards its investment plans for 2014 due to the unstable political and economic situation in the country.

"As of early 2014 we expected that total investment will reach $400-600 million. At present, we've revised it and see that it could be $200 million. However, this does not mean that we stop projects: if foreign banks resume cooperation programs, we could gain by the end of the year," Ihor Petrashko, Deputy CEO of Ukrlandfarming said at the Agribusiness in Ukraine Forum 2014 organized by the Adam Smith Institute.

He said that the holding has not yet found a partner to build a grain terminal at Yuzhny Port (Odessa region), although the company continues working in this direction.




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