Germany allocated $10 million for development of small business in Ukraine
The German Investment and Development Corporation (DEG) will contribute $10 million to the development of small and medium-size businesses in Ukraine, as reported on the website of the German Embassy in Ukraine.
This amount will be transferred to the Emerging Europe Growth Fund III (EEGF III). According to the website of the diplomatic department, this will allow access to long-term financing for small and medium-sized businesses in Ukraine.
The German Investment and Development Corporation is a subsidiary of the banking group KfW-Bankengruppe, which, on behalf of the German government, finances private enterprise investments in partner countries.
The Emerging Europe Growth Fund III (EEGF …read more