Business news from Ukraine

GERMAN KFW READY TO ALLOCATE OVER EUR 25 MLN FOR HOUSING PROGRAMS FOR IDPS – DEPUTY MINISTER

7 February , 2017  

KYIV. Feb 7 (Interfax-Ukraine) – Deputy Minister for Temporarily Occupied Territories and Internally Displaced Persons Heorhiy Tuka has said the German state bank KfW (Kreditanstalt für Wiederaufbau – Credit Institution for Reconstruction) intends to allocate EUR 25.5 million in funding for housing programs for IDPs.

The deputy minister wrote on his Facebook page that the KfW delegation, which implements a project on for provision of grants for housing for IDPs, started their visit on February 6.

“The work started with the German side presenting the two areas: the provision of cheap loans and the construction of social housing. We were utterly surprise when we saw the planned funds EUR 25.5 million instead of the expected EUR 20 million!” Tuka wrote.