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April 19 2002, 09:58 UNIAN

Land mortgage bank to open its doors in 2003

UNIAN reported that the Vice-Premier Kozachenko announced to the Apr 17th conference that first Ukrainian land mortage bank shall be established not later than first quarter of 2003.

According to him, the bank concept has been developed and the government shall review it starting from May 2002.

The Vice-Premier commented that through establishing of this bank agrarians will be able to receive long term loans necessary for main assets upgrading and in particular to purchase harvesting equipment.

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