Financial recovery for struggling farming enterprises addressed by presidential meeting

The government was instructed by the President to work out the regulations enabling agricultural organizations to access special financial recovery mode avoiding legal procedures. Chairpersons of the district executive committees will be vested with the corresponding powers. At present, financial rehabilitation of agricultural enterprises is carried out as part of Decree No.253. Currently, 283 organizations are undergoing the pre-trial recovery procedure. The new regulations will help create a special regime of financial recovery for agricultural enterprises and avoid the need to resort to legal procedures.

The participants also discussed the beginning of the harvest. In some areas the harvest has already started, the harvesting started 12 days earlier than last year. Almost 400 thousand tons of grain hasbeen harvested.