Business news from Ukraine

Italian export credit agency to allocate EUR1.5 bln to support trade with Ukraine

Italian export credit agency SACE will allocate EUR1.5bn to support trade and financial operations, particularly in the health care and infrastructure sectors.

According to the website of the Ministry of Economy of Ukraine, this was discussed during the meeting between the First Vice Prime Minister of Ukraine – Minister of Economy of Ukraine Yulia Sviridenko and Ambassador Extraordinary and Plenipotentiary of the Italian Republic to Ukraine Pier Francesco Dzadzo, where the Ukrainian side urged SACE to strengthen cooperation with Ukraine and expand the types of covered risks.

In addition, the export credit agency intends to support investments of Italian companies in Ukraine and provide export credits, soft loans and direct investments.

First Deputy Prime Minister noted the importance of supporting Ukrainian small and medium-sized enterprises (SMEs), which is the backbone of the national economy. She stressed that the Government also expects to intensify cooperation with the Italian Agency for Cooperation Development (AICS) to promote local economic development, job creation and support SMEs.

In addition, the sides discussed the return of Ukrainians. The provision of housing for Ukrainians remains important.

SACE is an Italian export credit agency and an active participant of the largest international organizations in the field of export credit. SACE’s activities are regulated by European Union legislation and the OECD Agreement on Officially Supported Export Credits.

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