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
The Gas Coordination Group, chaired by the Commission, met this afternoon to analyze in detail all elements of the preparedness of the EU and the Energy Community for a potential supply disruption in the Winter 2009/2010.
more »
In a meeting of the European Bank Coordination Initiative Group, held in Brussels, the parent banks of the nine largest banks operating in Romania reaffirmed their commitment to maintain their exposure to the country and ensure adequate capital levels over 10 percent for their affiliates.
more »
Airline airBaltic has informed of its plans to resume some flights from Vilnius International Airport before the end of this year.
more »
The European Commission has approved under EC Treaty state aid rules the restructuring plan of Lloyds Banking Group.
more »
"Finance and climate change" was under discussion at a 10 November hearing in parliament's Industry, Research and Energy Committee.
more »
The International Monetary Fund announced today the sale of 2 metric tons of gold to the Bank of Mauritius, the nation’s central bank.
more »
The euro area economy grew by 0.4% in the third quarter. Is the crisis over?
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
From 16 November 2009, AB Bank SNORAS network starts providing new products – one can sign agreements of “Finasta Asset Management” II level pension accumulation funds in all subdivisions of the bank.
more »
The expected turnaround in the Baltic Rim economies is likely to gradually improve the business opportunities for Nordic companies operating in the region.
more »