ANNOUNCED AS TEMPORARYNo
The compensation that the state pays to the beneficiary (a manufacturing company) is 15% of the value of Ukrainian agricultural machinery and equipment if the beneficiary can prove the following levels of local content in his/her production:
Through "this solution we are committed to supporting Ukrainian production technology" stated the Minister of Agrarian Policy and Food of Ukraine, Mr Taras Kutovoy.
The importance of supporting Ukrainian production of equipment was also confirmed by the Prime Minister, Mr Volodymyr Groysman:"We would like that the produced technology maximally consists of Ukrainian components. This will allow us to create thousands of jobs in the sector and the related sectors".
In 2017, for support of the mechanical engineering in the agricultural sector is foreseen the allocation of subsidies at the amount of 550 000 000 (USD 20 261 523 as of exchange rates on 14 February 2017). In 2018, they are planned to be at the amount of UAH 900 000 000 (USD 33 155 219 as of 14 February 2017).
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