Ukraine to get 400 million euros from EIB for agricultureStaff Writer | October 14, 2016
Ukrainian President Petro Poroshenko has signed the law on ratification of the financing agreement between Ukraine and the European Investment Bank (EIB) on the issue of EUR400 million for projects in agriculture.
Deal EIB money in loans
EIB money in loans can account for up to 50%, the other part of costs should be covered by the banks participating in the lending program or borrowers themselves.
As reported, former Prime Minister of Ukraine Arseniy Yatsenyuk at the end of December 2015 signed a financial agreement on raising a loan in the amount of EUR400 million from the EIB for projects in the agricultural sector of Ukraine. ■