KfW, German’s State Development Bank, is negotiating an EUR 150 million loan to upgrade Odesa port and to repair two highways in the east

Friday, November 30, 2018
KfW, German’s State Development Bank, is negotiating an EUR 150 million loan to upgrade Odesa port and to repair two highways in the east

KfW, German’s State Development Bank, is negotiating an EUR 150 million loan to upgrade Odesa port and to repair two highways in the east: Mariupol to Zaporizhia, and Pokrovsk, Donetsk to Mykhailivka, Luhansk. According to deputy Infrastructure Minister Victor Dovhan, KfW is also interested in helping to finance electrification of rail tracks to Ukraine’s Black Sea ports.

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Ukraine’s largest e-commerce companies, Rozetka and EVO Group, are merging this week

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In a clear signal of support to Ukraine, the EU has approved disbursement of €500 million in aid to Ukraine – two weeks before the IMF and the World Bank are to approve similar aid.

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