eading place among other areas of
Ukraine in cultivation of hop (74% of country volumes) and flax-fabel
The significant share of mowing lands and pastures in structure lands of
the region (22,4%) allows to develop the branch of live-stock farming.
The region has 500 thous. heads of large horned cattle (52% of country
There are 721 agricultural enterprises, 7,2 thous. farms and 340 thous.
private part-time farms engaged in production of agricultural products.
Farm land occupies 1599,8 thous. hectares including 1076,3 thous.
hectares of arable land.
Plant and stock-breeders of Zhytomyr Region have been actively working
at creation of highly productive sorts of plants and breed of stock. The
effeciency of their work has been proved in the number of agricultural
enterprises, particularly in agricultural firm “Yerchyky”, JSC
“Kolodyanskyi Bekon” and others. They get about 70 centners of grain per
hectare, 700 centners of sugar-beet per hectare and 8 thous. kg of milk
per cow, 400 g of weight increase per swine.
In 2002 the positive tendency of increase of investments into the
regional economy was consolidated. The amount of investments increased
5,2% as for the year before and came to 345 million UHR. Basic funds in
the amount of 291,9 million UHR have been carried into effect. The basic
source of the investments was means of the economic subjects – 67,0% of
total amount. Gradually foreign investors have got more active. During
the year over 19 million USD of direct investments were attracted into
the economy, that is 2,8 times more than the year before. To January
1,2003 the total capital of non-residents came to 58,2 million USD – it
is 42 USD per person if calculated for every inhabitant of the region.
There are 130 foreign capital based enterprises in the region. The most
attractive realms for foreign investors are food industry, extractive
industry, wood processing industry, wood-pulp and paper industry and
chemical industry. Investments into agricultural production and
hotel-restaurant bussines have also increased.
Foreign trade activity was carried out in the region by economic units
with the partners from 88 world's countries. The close relations were
maintained with countries of CIS and Baltic Region. Companies of the
region have quite good relations with the partners from Italy, Germany,
USA and Czechia. Volume of foreign trade makes more than 422,6 million
USD, including export 176,6 million USD and import – 246 million USD. In
export deliveries the major part is textile clothes, mineral products,
wood and articles from it, paper and board, agricultural products and
footwear. Mineral fuel, oil and the products of its refining, photo and
medical devices and instruments, machines, equipments make basis of
import income in the region.
Institutional reorganization. Since 1992 – the beginning of
denationalization and privatization, about 2107 units have changed the
form of ownership, from them being 939 units of state and 1168 – of
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