U.S. agency plans to invest up to US $2 billion in Ukrainian economy
Published:
28 September 2004 y., Tuesday
A U.S. development agency signed contracts worth $40 million US on Monday to boost the housing industry and small business in Ukraine and said it is prepared to spend up to $2 billion in the former Soviet republic.
The U.S. Overseas Private Investment Corp. can offer $2 billion in financing for projects largely targeted to help small and medium-sized businesses, ITAR-Tass quoted OPIC head Peter Watson as saying after a meeting with Prime Minister Viktor Yanukovych.
The contracts signed Monday are for housing construction through mortgages and for the financing of small and medium-size businesses.
"The signed credit agreements are ... evidence that Ukraine is a strong, effective and reliable partner of the United States," ITAR-Tass quoted Watson as saying.
OPIC, a U.S. government development agency, helps U.S. businesses invest overseas and fosters economic development in new and emerging markets, where it helps American companies manage the risks of doing business in an uncertain climate.
Šaltinis:
Canadian Press
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Two credit-rating agencies believe Poland's economic outlook is "positive"
more »
Poland's central bank probably will lower borrowing costs, the second highest in the European Union, for the first time since June 2003
more »
The public company Russian Railways will sign a treaty with the Siemens on the stage of designing, the organization of the production of high-speed electric trains and general terms of the contract on April 11 in Hannover
more »
Switzerland's top airline, after being one of the hunters during the 1990s, succumbed to upheaval in the European air travel market last week to become the prey of German carrier Lufthansa
more »
A company linked to the regime of ousted Iraqi dictator Saddam Hussein has had an account in a Bulgarian bank since 1994
more »
Ukraine’s parliament on Friday examined the new government’s revised 2005 budget
more »
EUROPEAN, CENTRAL ASIAN COUNTRIES TO DISCUSS BUSINESS ENVIRONMENT ISSUES
more »
The Lithuanian government said it was not happy with Yukos' work at Mazeikiu Nafta, an oil refinery and terminal, and has held talks with companies that want to buy Yukos' 54 percent stake
more »
Uzprivatbank started to issue credit cards along with debit cards
more »
The United States will take part in Poland's plan to buy back a large chunk of its $16 billion in Communist-era debt
more »