The Ministry of Finance of Austria opened a special credit fund in the Austrian Control Bank (OeKB) for the total amount of 500 million euros with the aim of supporting export operations with Ukraine during the next 5 years.

The fund aims to provide EUR 500 million over the next 5 years to cover operations in Ukraine. Attracting funds from international financial institutions may increase the volume of financing up to 1 billion euros. Approximately 100 million euros per year are designated for a new business. It will also open opportunities for Austrian exporters in  Ukraine’s recovery. 

Within the framework of the existing and proven export promotion procedure, the department already promotes export operations for a total amount of 3-5 million euros in Ukraine with a payment term of up to 3 years through the settlement office of OeKB. The new mechanism will allow wider diversification of risks when investing in the public sector of Ukraine on the basis of state guarantees.

This will allow us to make investments that are vital for Ukraine. These include the provision of drinking water and heat, provision and rehabilitation of the transport sector with roads, bridges and railway infrastructure, as well as supply operations and investments such as joint workshops for buses, trams and trains.

More details: http://surl.li/tseum