The Europeans give Ukraine an €800 million loan

Европейцы дают Украине €800 миллионов кредита

In the future, Kiev could allocate one billion euros.

The European investment Bank intends in 2016 to invest in projects in Ukraine, about 800 million euros, and in the future wants to increase annual funding to one billion euros.

This was announced by senior corporate banker of EIB Jean-Jacques Salacrou the Agency Interfax-Ukraine on the sidelines of the fourth international investment conference ” New Ukraine in Kiev.

“Last year we provided loans to 1.2 billion euros, this year, I believe, will be about 800 million euros. Working together with the European Commission to see whether it is possible to expand this portfolio and get somewhere in the 1 billion Euro per year and maintain that volume,” he said.

According to him, about 60% of the volume of lending falls on the public sector – the development of transport infrastructure, energy projects, energy efficiency, municipal projects, environmental projects, and 40% focused on lending to small and medium enterprises through local partner banks.

The total lending portfolio of the EIB in Ukraine is 4.3 billion euros. “In fact, the money can not be selected. This is a problem. We have a lot of money just standing here. Why is this happening? I believe that it is critically important to reform the public sector and privatization. These are the questions that are paramount in the agenda”, – said the banker.

We will remind, earlier it was reported that the EBRD will invest one billion euros in Ukraine.