European Parliament approves provision of EUR 500mn loan to Ukraine.

By bne IntelliNews May 19, 2010
The European Parliament has approved provisions of a loan of up to EUR 500mn to Ukraine by the European Union. The European Parliament approved the relevant decision on Tuesday. The loan is intended to help Ukraine through the financial crisis. The loan is due to be repaid within 15 years. It will help Ukraine to finance its balance-of-payments deficit and meet its budgetary needs. As earlier reported, the European Commission proposed in late 2009 that the Council of the European Union provide a loan (microfinance assistance) of EUR 500mn to Ukraine.

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335