Business news from Ukraine

GERMANY DIRECTS EUR 150 MLN LOAN TO UKRAINE TO FIGHT AGAINST CORONAVIRUS

31 March , 2020  

President of Ukraine Volodymyr Zelensky has held a telephone conversation with German Chancellor Angela Merkel and in the context of a possible increase of financial assistance to Ukraine to fight against COVID-19 coronavirus, they agreed to redirect EUR 150 million under a German state loan to relevant needs.
“The parties discussed the situation around the spread of coronavirus in the world, as well as practical measures taken in both countries to counter the pandemic. It was agreed to work out the possibility of establishing information exchange related to the pandemic, in particular regarding medical standards introduced to treat the disease,” the press service of the head of the Ukrainian state reports on Tuesday.
Merkel positively noted the adoption of laws on the turnover of agricultural land and on the regulation of banking. In this context, she also noted the importance of early conclusion of negotiations with the IMF on a new cooperation program.
“They also spoke about the need to allocate additional funding for Ukraine from the European Union and the World Bank,” the message reads.

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