Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

EBRD and EU commit fresh funds to support Ukrainian businesses

20.03.2020 14:26 "Agro Perspectiva" (Kyiv) Long-term leases through LLC OTP Leasing will stimulate continuous activity

EBRD four-year EUR15 million loan to OTP Leasing Ukraine

Long-term local currency lending to support Ukrainian SMEs

Project supported by the EU with incentive grants under EU4Business initiative

The EBRD and Ukraines leading leasing company LLC «OTP Leasing» (OTPL) are helping domestic small and medium-sized enterprises (SMEs) continue their business activities despite the current market turmoil caused by the outbreak of the coronavirus (COVID-19) infection. A 4-year EBRD senior loan of up to EUR15 million to OTPL will facilitate long-term leases to SMEs across the country. The funding will be available under the EU4Business-EBRD Credit Line provided in the context of the Deep and Comprehensive Free Trade Agreement (DCFTA) between the European Union (EU) and Ukraine.

Following the decision of the EBRD Board of Directors to provide an emergency aid package for its clients in all countries, including Ukraine, the Bank is not only remaining open for business but also stands ready to increase the scope of its assistance should this be required.

The financing to OTPL clients will be available in both Ukrainian Hryvnia and/or Euro. Lending in Ukrainian Hryvna will protect borrowers from foreign currency-related risks and offer long maturities.

In addition, the EU will provide grants as investment incentives to eligible enterprises to reduce the cost of their capital expenditure on upgrades of technology and production processes in line with EU standards and regulations.

EBRD Managing Director for Eastern Europe and the Caucasus Matteo Patrone said: «The deal we signed with our partners from OTP Leasing Ukraine shows that we are planning the development of business beyond today. We are particularly grateful to the EU for the continuous commitment to our common goals in difficult times. Private and public sectors clients, including SMEs, can fully rely on our support and flexibility. Our objective is to maintain the record volume of business we had in 2019 and apply our resources in the areas where they are required most.»

OTP Leasing CEO Andrey Pavlushyn said: «We are very glad to have signed 4 transactions with the EBRD for the amount of EUR52 million. Todays deal will help us finance at least 100 local businesses across the country. This is also an opportunity for us to further increase our SME market share and diversify our lease portfolio.»

OTP Leasing, a limited liability company incorporated in Ukraine and owned by OTP Bank PLC of Hungary, has been a well-established market player in Ukraine for more than a decade. The latest EBRD loan will allow OTP Leasing to increase the terms of leases it offers and provide them in local currency.

The EBRD is a leading institutional investor in Ukraine and to date has committed more than EUR14.54 billion in over 460 projects to the country.

Agro Perspectiva

< Coronavirus will hit economies across all EBRD regions All news for
20.03.2020
Ukraine grain export reached 43.992 million tons as of March 20, 2020 >

12.06.2024  
09:21 FAO Food Price Index slightly up in May: higher cereal and dairy prices offset easing sugar and vegetable oil quotations
03.06.2024  
14:04 Commission clarifies support for farmers in case of exceptional weather events
13:33 Digitalization: it is time to bridge the gap between urban and rural areas
22.05.2024  
18:25 Two years of Solidarity Lanes have brought the EU, Ukraine and Moldova closer together
21.05.2024  
08:10 Seven additional private sector leaders announce support for Antimicrobial Use Stewardship Principles in poultry, now includes over 40% of global poultry meat production
13.05.2024  
23:32 EU extends trade support to Ukraine for one more year
04:36 European Union corn is forecast at 18.0 million tons
11.05.2024  
18:55 2024/25 Grain Consumption Expands while Trade Moderates
18:47 Oilseeds Stocks Forecast to Reach Record Highs in 2024/25
06.05.2024  
09:17 The International Year of the Woman Farmer in 2026 Approved by the UN General Assembly, it will increase awareness of the crucial role women farmers play in agrifood systems
04.05.2024  
08:10 2024 wheat forecast trimmed
03.05.2024  
21:25 Rising international quotations for meat, cereals and vegetable oils offset drops for dairy and sugar
07:10 El Niño and La Niña: four crucial steps to build climate resilience
01.05.2024  
08:25 Acute hunger remains persistently high in 59 countries with 1 in 5 people assessed in need of critical urgent action
29.04.2024  
10:43 New CEO at BASF: Martin Brudermüller hands over to Markus Kamieth
25.04.2024  
09:45 Parliament approves a revision of the EUs common agricultural policy
23.04.2024  
16:23 MEPs approve trade support measures for Ukraine with protection for EU farmers
17.04.2024  
18:08 Ministry of Agrarian Policy and Food predicts this years harvest of grains and oilseeds at about 74 million tonnes
16.04.2024  
12:12 West Africa Cocoa Shortage Pushes Up Prices
11.04.2024  
23:48 U.S. Soybean Meal Exports Forecast at Consecutive Records in 2022/23 and 2023/24
23:10 EU Wheat Exports Challenged by Russias Growing Dominance
11:30 Country of origin of honey must be clearly visible on the label. EU honey traceability system to be developed
10.04.2024  
15:59 Commission starts setting up the Agriculture and Food Chain Observatory
15:33 Commission approves 2.2 billion German State aid scheme to support the decarbonisation of industrial processes to foster the transition to a net-zero economy
13:17 Donau Soja urges EU for clarity on EUDR implementation
09.04.2024  
10:44 Ukraine remained the third source of EU imports in 2023, with a value of EUR 11.8 billion
06.04.2024  
10:04 World cereal output seen up in 2023/24
09:55 FAO Food Price Index rises in March
05.04.2024  
10:04 Shellfish Crop Insurance Program Offers Oyster Producers Needed Protection from Environmental Challenges and More
03.04.2024  
23:01 Croatian horseradish root Ludbreški hren' added to register of Protected Designations of Origin
02.04.2024  
10:15 FAO and chef Fatmata Binta announce new project to empower women fonio producers in Ghana
28.03.2024  
12:55 Council compromise on Ukraine ATMs Only a half step forward in the right direction
09:18 Commission approves amendment to Italian State aid scheme to support companies in Friuli Venezia Giulia in the context of Russia's war against Ukraine
26.03.2024  
10:55 Projected famine in Gaza: FAO urges immediate access to deliver urgent and critical assistance at scale. About 1.1 million people are experiencing catastrophic food insecurity
08:44 EU makes major step forward in the delivery of 2024 humanitarian aid for Palestinians in Gaza*
25.03.2024  
16:17 Commission approves 86.9 million Bulgarian State aid scheme to support farmers in the context of Russia's war against Ukraine
21.03.2024  
11:15 Commission takes action to boost biotechnology and biomanufacturing in the EU
20.03.2024  
11:13 Deal to extend trade support for Ukraine with safeguards for EU farmers
19.03.2024  
09:43 CAP - The Commission proposes simplifications that safeguard agricultural transitions!
18.03.2024  
23:10 The European Union and Switzerland launch negotiations to deepen bilateral relations
10:05 Commission proposes targeted review of Common Agricultural Policy to support EU farmers
15.03.2024  
23:36 Cargill Power CanolaTM Program Helps Farmers Take Advantage of Growing Bioenergy Market Opportunities for Canadian Canola
23:19 FAO will provide Ukrainian farmers with soybean and sunflower seeds for spring sowing campaign
13.03.2024  
23:27 FAO urges more cooperation in banana sector, significant for some least developed and low-income food-deficit countries and smallholder farmers
16:51 The European Commission sets out key steps for managing climate risks to protect people and prosperity
12.03.2024  
20:25 Coreper and COMENVI approve the provisional agreement on EU Carbon Removal Certification Framework
20:24 INTA MEPs fail EU producers by dismissing potential improvements to Ukraine ATMs
08:10 Soybean meal is expected to be a more competitive feed ingredient on higher global supplies.
11.03.2024  
09:11 U.S. Corn Exports Shift Destinations as Brazil Captures China Market
08.03.2024  
15:20 Conflicts push acute food insecurity higher

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2024 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com