Ukraine: Ministry of Economic Development to provide the access of small and medium business to low-interest credits
The Ministry of Economic Development and Trade of Ukraine plans to extend the access of small and medium-scale business to low-interest finance resources, declared Pavlo Sheremeta, Minister of Economical Development and Trade of Ukraine, on April 2, 2014.
P.Sheremeta proposed to use the system of commercial and state-owned banks, and also to cheapen credits through opening of the special credit line. The Minister assigned the discrete role to extension of the cooperation with the European Investment Bank.
The Minister stated that it is necessary to deepen cooperation through widening of the branches range, where the projects are realized. The cooperation should include, for example, metallurgical industry and chemical branches, the agro-industrial complex.
P.Sheremeta mentioned that the spheres with the significant added value should be the priority industries, and the focused attention is necessary to take on the innovation component.
Heinz Olbers, Director for Operations in the Eastern Neighours & Central Asia Department of the European Investment Bank, proposed to the Government of Ukraine to introduce new cooperation tools and promote the cooperation during the whole chain of production-marketing. Also, the Bank considers the possibility of change-over to the Ukrainian currency, which should significantly extend the possibilities for entrepreneurs.
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