The EBRD invested nearly $1 billion in Ukraine last year, making Ukraine the third largest recipient of funds, after Turkey and Egypt.

The EBRD invested nearly $1 billion in Ukraine last year, making Ukraine the third largest recipient of funds, after Turkey and Egypt.
By James Brooke
🔵 The EBRD invested nearly $1 billion in Ukraine last year, making Ukraine the third largest recipient of funds, after Turkey and Egypt. The development bank makes loans in 38 countries. “We are particularly proud to have increased the volume of our investments in the corporate sector to a record level,” said Matteo Patrone, the bank’s Kyiv-based managing director for the region.
Highlights are:

  • €450 million loan to Ukravtodor to build highways and support the anti-corruption and procurement reforms
  • €63 million loan to Ukrposhta for mobile postal vans and ‘green’ sorting hubs
  • Procurement of 400 trolleybuses for 12 cities
  • €25 million loan to UkSATSE to help the air traffic control agency survive the Covid collapse of air travel
  • €93 million to support small and medium-sized enterprises, or SMEs.
Share!

Related posts

Real Estate Prices Moving Higher

Experts predict rising real estate prices Upon completion of local "lockdowns", the price of...

Continue reading

Russian Troop Withdrawal, Bankers Optimistic on Mortgage Lending

🔵 Retail trade during the first quarter was up 7.5% yoy compared to January-March 2020,...

Continue reading

Russian Troop Withdrawal, Bankers Optimistic on Mortgage Lending

🔵 Ukraine's GDP warrants and Eurobonds reacted positively to news...

Continue reading

Join The Discussion