Business news from Ukraine

Business news from Ukraine

Japan International Cooperation Agency JICA and Ministry of Culture of Ukraine plan cooperation

Japan International Cooperation Agency JICA and the Ministry of Culture and Information Policy of Ukraine intend to cooperate in the restoration of cultural infrastructure.

“We are working on bringing the storage facilities for cultural property in museums in line with technical requirements. We also need the creation of a specialized depository, in particular, the development of project documentation and financial support for technical re-equipment. In addition, another global project is the renovation of the National Restoration Center. This institute is working at the maximum of its capabilities, but in rented unsuitable premises. We have already found premises for re-location. Now it will be necessary to re-equip and improve the qualifications of employees”, – Acting Minister Rostislav Karandeev is quoted by the press service of the Ministry after a meeting with the team of the Japanese Agency for International Cooperation JICA.

Ot also noted the information challenges, said that Ukraine is actively strengthening work with the frontline territories, the most exposed to the influence of enemy propaganda, and emphasized the interest in cooperation in information support of these regions.

“Our team is engaged in the reconstruction of Ukraine. We are providing assistance that aims to provide emergency needs, but we are also interested in cooperation on cultural issues because we understand its potential,” Naomichi Murooka, deputy director general of the Local and Regional Development Group of the Infrastructure Management Department of JICA’s head office, said at the meeting.

 

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UKRAINE RECEIVES $100 MLN LOAN FROM JAPAN ON CONCESSIONAL TERMS

On May 24, Ukraine received a JPY 13 billion or $100 million loan from the Japan International Cooperation Agency (JICA) on concessional terms with maturity period of 30 years at 1% per annum with a grace period of 10 years, the Ministry of Finance has reported.

“The agreement is the first part of the agreed financial assistance between Ukraine and Japan,” the Finance Ministry said in a release on Tuesday.

The ministry said that the funds will be directed to the state budget to finance priority expenses, to support the most unprotected population of Ukraine, in particular, to ensure priority social and humanitarian expenses, and health care.

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