EBRD to provide Ukrgasbank with 25 million euros to help local businesses grow


Ukraine is among the European Bank for Reconstruction and Development’s top three investment destination. In the last two years, the EBRD has committed two billion euros to the Ukrainian economy.

The European Bank for Reconstruction and Development will provide state-owned Ukrgasbank a 25 million euro loan to help smaller businesses to grow in Ukraine, the international financial institution announced on June 17. 

The hryvnia equivalent of the loan will be given to Ukrgasbank, a key local lender that focuses on financing projects that promotes resource efficiency and reduces CO2 emissions using renewable energy. 

Source: www.kyivpost.com

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