Business news from Ukraine

GERMANY TO PROVIDE ANOTHER EUR 72 MLN IN AID TO UKRAINE – ECONOMY MINISTRY

7 November , 2016  

KYIV. Nov 7 (Interfax-Ukraine) – Germany will give Ukraine EUR 72 million in new aid for sustainable economic development, regional development, energy efficiency and internally displaced persons, Ukraine’s Deputy Economic Development and Trade Minister has said Maksym Nefyodov has said.

According to his statement on Facebook, Nefyodov signed relevant documents in Berlin on Friday on the results of two-day talks with the Economic Cooperation and Development Ministry of Germany.

The deputy minister specified that this aid will be also aimed at strengthening local government, support of the united territorial communities, assistance to small and medium-sized businesses and modernization of energy consumption.

Director of International Programs Coordination Department of Ukraine’s Economy Ministry Olena Trehub, who participated in the talks, explained that at the moment the amount of funds provided by Germany as non-repayable assistance to Ukraine rose to EUR 325 million from EUR 20 million before the Revolution of Dignity.