On December 19, 2016, JSC “State Export-Import Bank of Ukraine” and European Investment Bank (EIB) signed a Finance Contract for the amount of EUR 260 million to support the private sector in the context of implementation of the principles established by the Association Agreement and the Deep and Comprehensive Free Trade Area (DCFTA) between Ukraine and the European Union (EU).
Medium and long-term credit funds under the Project will be used to finance the development of private business in Ukraine, to strengthen the positions of Ukrainian enterprises in the international trade, ensure energy efficiency and renewable energy, and environmental protection.
The following types of Final Beneficiaries may participate in the Project:
According to the type of Final Beneficiaries, the amount of EIB sub-financing will be:
|Type of Final Beneficiaries||Sub-project amount||EIB sub-financing|
Not more than the equivalent of EUR 25.0 million
|Up to 100% of the cost of the subproject, but not more than the equivalent of EUR 12.5 million|
|Mid-Caps||Ranging from the equivalent of EUR 25.0 million to the equivalent of EUR 50.0 million||Up to 50% of the cost of the subproject, but not more than the equivalent of EUR 25.0 million|
|Private sector enterprises||Not less than the equivalent of EUR 40 thousand and not more than the equivalent of EUR 50.0 million||Up to 50% of the cost of the subproject, but not more than the equivalent of EUR 25.0 million|
To be financed under the Project, Final Beneficiaries should comply with the following requirements:
The European Investment Bank, the financing institution of the European Union established by article 308 of the Treaty on the Functioning of the European Union. The Final Beneficiary obtains a financial advantage reflected on the interest rate. Such financial advantage amounts to a minimum of 25 basis points (0.25% per annum) compared to the annual interest rate that would be charged for the loan without EIB participation.
1 Includes explosives and sporting weapons.
2 Activities involving life animals for experimental and scientific purposes are eligible insofar as in compliance with the Directive 2010/63/EU of the European Parliament and of the Council of 22 September 2010 on “The protection of animals used for scientific purposes”.
3 More particularly, “counterfeit goods” means: