KYIV. Dec 1 (Interfax-Ukraine) – The Ukrainian government has decided jointly with the European Investment Bank (EIB) to implement the project “Principal credit for small and medium-sized enterprises and companies with an average level of capitalization.”
According to the website of the Finance Ministry, the loan for the implementation of credit support for small and medium enterprises amounts to EUR 400 million.
“To start the implementation of this international project, it is necessary to create a legal base and normalize all the legislative procedures. First of all, it is necessary to solve the issue of selecting banks for participation in the project and set monetary and financial conditions for giving loan funds to such banks. The resolution the Cabinet of Ministers has passed today resolves this very problem,” the report says.
