EBRD and EU support small businesses in Ukraine

World

The European Bank for Reconstruction and Development is providing a loan of EUR 25 million to Crédit Agricole Bank Ukraine to increase the competitiveness of micro, small and medium-sized enterprises (MSMEs) in the country, the EBRD said in a statement.

The loan is backed by grant funding from the European Union under its EU4Business initiative. The new financing will enable the bank to expand its leasing solutions, in Ukrainian hryvnia, to MSMEs, so that these firms can invest in upgrades of machinery, equipment and technologies that comply with EU product quality, health and safety, and environmental protection standards.

The lender aims to dedicate at least 70% of the loan to financing green technologies, in line with the EBRD's Green Economy Transition (GET) approach. In addition to long-term financing, lessees will receive grant support, funded by the EU, in the form of investment incentives on completion of their upgrade projects.

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.