The Nordic Environment Finance Corporation (NEFCO) last year provided 12 loans to 11 cities of Ukraine for a total amount of EUR 15.54 million and UAH 60.71 million, eight of which were allocated in the last days of the year, the Ministry of Finance has said on its website.
Kremenchuk (Poltava region) received the largest loans – a EUR 6 million 10-year loan at the rate of EURIBOR 6M + 6.25%, as well as a UAH 13 million five-year loan at 3%.
It is followed by Rivne with EUR4.43 million for eight years at the rate of EURIBOR 6M + 5.85%.
In addition, Lutsk and Sumy at the end of the year received EUR 1.6 million and EUR 1.5 million for 10 years at a rate of 6%, Horishni Plavni received EUR 0.512 million for 10 years at 3%, and Lubny (both in Poltava region) got EUR 1 million at 3%.
NEFCO provided another foreign currency loan to Mykolaiv in July last year – EUR0.5 million for seven years at 6%, while the remaining loans were in hryvnias for five years at a rate of 3%.
In particular, Chuhuyiv (Kharkiv region) received UAH 10.23 million, Zolochiv (Lviv region) – UAH 9.9 million, Vasylkiv – UAH 14.08 million and Brovary (both in Kyiv region) – UAH 13.5 million.
These projects provide a small amount of grant support and co-financing from the municipal authorities.
NEFCO is an international financial organization created in 1990 by the countries of Northern Europe. Its activities are related to the financing of practical activities that promote “green” growth.
According to NEFCO at the beginning of December 2020, the corporation in Ukraine has about 200 projects worth a total of EUR 231 million (both grants and loans, including completed and current projects). Among these projects, 60 were signed with private companies, 138 in the public sector and six were signed with Ukrainian banks.
