German-Ukrainian Fund ready to invest EUR 18 mln into small and medium business

21.11.2016 10:55 322

The German-Ukrainian Fund (GUF) states it is ready to invest 18 million euros into the development of small and medium-sized business in Ukraine, the press service of the National Bank of Ukraine (NBU) reports. 

According to Oleh Strynzha, the director of the NBU financial controlling department and acting executive director of the German-Ukrainian Fund, the NBU supports the governmental development strategy for small and medium-sized business till 2020.

He noted that the NBU is currently reviewing the Comprehensive Program of the Ukrainian Financial Sector Development up to 2020. The updated program will include issues on resuming crediting, which will unite a number of measures to ease the process of obtaining financing for the Ukrainian business, as well as to solve the issue of troubled debts of enterprises.

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