EU guarantee supports EBRD in loans to key Ukraine companies
The European Bank for Reconstruction and Development and European Union are further strengthening their already close cooperation on supporting Ukraine in wartime, formalizing a commitment for the European Commission to provide guarantees to support EUR 70 million of recent EBRD loans to Ukrainian companies that provide vital services to the country's real economy.
These loans - part of the EUR 1 billion which the EBRD will invest in Ukraine in 2022, with donors and partners - include EUR 50 million in liquidity support to UkrZaliznytsya (UZ), Ukraine's railway company, and support for the country's pharmaceutical industry.
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.