Ukraine receives loan of EUR 500 million from EU

10.12.2014 16:45 Views: 2534

KYIV, December 10 /Ukrinform/. Ukraine receives a loan from the European Union to the amount of EUR 500 million with maturity until 2029.

Economic Development and Trade Minister Aivaras Abromavichus told a briefing at the House of Government Wednesday, the government portal informs.

“A loan was received on very favorable conditions,” the minister assured. “It is 15 years, interest rate at 1.375 percent, due in 2029. It will go on macro-financial assistance to our country," assured the minister.

It is noted that this is the first loan, which was received by the new government. The funds were received on December 3.

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