The MEDT promised business easy access to EBRD and EIB loans

Submitted by bashun on Thu, 04/05/2018 - 16:44

The Ministry of Economic Development and Trade is working to increase the business lending limits through the EBRD, the European Investment Bank and the European Investment Fund. This was said during a discussion on business financing by the director of the Department of Enterprise Development and Regulatory Policy of the Ministry of Economic Development and Trade Denys Hutenko, the correspondent of UNN reported.

"One of the main objectives of the Strategy for the Development of Small and Medium-sized Entrepreneurship is access to entrepreneurs' financing. We are working with institutions to increase credit limits both through the EBRD and at the expense of the European Investment Bank and the European Investment Fund," Denys Hutenko said.

As he clarified, the ministry understands the problems associated with the cost of credit for business, and with access to loans for small and micro businesses. Although there is a revival in this segment, this growth is not enough.

"We are working to ensure that entrepreneurs have the means to renew fixed capital and new capital. We have developed a Strategy for the development of small and medium-sized businesses. We now expect the adoption of an action plan to implement this strategy. In terms of measures to revive the attraction of credit and business financing, the Strategy also provides for a bill on non-bank lending, revitalizing the circulation of bills, as well as removing barriers and providing opportunities," the director of the department of entrepreneurship development of the MEDT added.


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