EBRD Supports USD 8 mln Food Sec Loan to Ukrainian Agri Firm
As part of its efforts to boost food security in wartime Ukraine, the European Bank for Reconstruction and Development is backing more than half the risk of a USD 8 million loan to Astarta Group, one of the country's major agricultural and food processing businesses.
The EBRD's risk-sharing instruments enhance local financiers' capacity to provide access to finance for Ukrainian private companies operating in critical agri-related industries, whether farming or food processing, transport and imports.
Russia's full-scale invasion of Ukraine, which began on February 24, came just ahead of the spring sowing season in this major agricultural economy, which supplies farming produce around the world.
This loan will help Astarta secure sufficient working capital financing for a successful crop farming and sugar production season.
Government Acknowledges Drop in Motor Fuel Prices
EU Affairs Ministry, AmCham Sign Strategic Partnership Deal
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
