To develop Ukraine’s small and medium-sized enterprises, the European Investment Bank is ready to allocate €700 million in loans

To develop Ukraine’s small and medium-sized enterprises, the European Investment Bank is ready to allocate €700 million in loans, Prime Minister Shmyhal told the Rada Friday. “Loans with a zero rate — 0.12% per annum — to support small and medium enterprises in Ukraine,” he said during Question Hour. Separately, Jean-Erik de Zagon, the EU bank’s representative in Ukraine, told the UBN Friday, that €800 million had been allocated to Ukraine 2015, but only €100 million had been disbursed. Now, there will be push to extend small business loans, in hryvnias, through half a dozen banks here.