The European Fund for Southeast Europe (EFSE), in collaboration with the state-owned Ukrgasbank, is launching a new financing program for Ukrainian entrepreneurs. As part of this initiative, businesses will be able to access long-term loans in the national currency, which is a crucial support under the conditions of martial law.
This is reported by Finway
Focus on Affected Regions and Social Groups
Particular attention within the program will be given to those regions that have suffered the greatest losses due to the aggression of the Russian Federation. Among the priority categories of funding recipients are women entrepreneurs, veterans, and other representatives of socially vulnerable groups.
“This joint initiative will expand access to financing in hryvnias for Ukrainian entrepreneurs. Special attention will be paid to the regions most affected by Russian aggression, as well as to socially vulnerable groups, including women and veterans.”
Long-Term Credit Line and Grant Support
EFSE is providing Ukrgasbank with €20 million in the form of a long-term credit line, backed by a grant component. This approach will not only quickly meet the financial needs of small and medium-sized enterprises but also stimulate economic growth in the long term. The funds will be directed towards important and promising investment projects that will contribute to the inclusive recovery of Ukraine’s economy.
Thanks to this cooperation, Ukrainian businesses will receive a powerful boost for development, and the country’s economy will gain additional opportunities for stabilization and growth during this challenging period.