AGRICULTURE DEBT DOWN
2011-02-22 10:16:32
Total farm debt in Ukraine at the end of 2010 was 26.5 billion UAH ($3,3 billion). Total debt is down 1,2% YOY, and long term debt over 5 years is up by 78.1% YOY and 1 to 5 years 5.2%. Most of the long term debt is a result of loan restructuring, according to the National Bank of Ukraine. Debt in convertible currencies fell by 24.3% to 6,2 billion UAH, while debt in Hryvnia rose by 14,8%. Overdue and bad debt increased 4,7% to 3,3 billion UAH. The average rate was 15.8% annual.