EU allocates funds for small and medium-sized businesses in Ukraine’s east

Photo: European Union
Photo: European Union

The EU has launched a programme to support small and medium-sized businesses in the government-controlled east Ukrainian region of Donbas.

The ‘FinancEast’ programme has a total budget of €9.5 million and covers up to 50% of the cost of investment projects financed by selected Ukraine-based banks. These funds are used to cover credit purchases or leasing of agricultural machinery, equipment, transport and the construction of premises.

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‘FinancEast’ programme