Business news from Ukraine

GERMAN STATE DEVELOPMENT BANK TO GRANT EUR 9 MLN FOR SOCIAL INFRASTRUCTURE DEVELOPMENT IN UKRAINE

The Cabinet of Ministers of Ukraine has approved the signing of an agreement with the German State Development Bank (KfW, Germany) on raising EUR 9 million of financial support for the development of social infrastructure. “The Cabinet of Ministers of Ukraine on March 28 adopted the resolution on signing a financial and project agreement between the Cabinet of Ministers of Ukraine, represented by the Ministry of Social Policy of Ukraine and the Ukrainian Social Investment Fund, and KfW for the amount of EUR 9 million,” the press service of the Ministry of Social Policy said.
It is noted that the implementation of the act will allow obtaining aid from the German government in the framework of bilateral cooperation within the “Restoration in the east of Ukraine” project.

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