The World Bank has approved provisioning of USD 150mn additional financing loan for the Second Export Development Project (EDP 2).The project is aimed to support export and real sector growth by providing medium and long-term investment and working capital finance to Ukrainian private exporting enterprises. It also has to improve the ability of the domestic banking sector to intermediate financial resources to the enterprise sector by providing a wider variety of better quality lending products.The borrower and the main implementation agency remains the State Export-Import Bank of Ukraine (Ukreximbank). The loan will be provided to Ukreximbank as a LIBOR-based flexible variable spread loan repayable in 30 years, including a 6-year grace period, and will be provided a state guarantee by Ukraine. |
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
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
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