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
EBRD and Latvia has signed Share Purchase Agreements providing that following the increase of equity capital the EBRD will purchase 57,506,825 ordinary shares comprising 25% and 1 share of the Bank's equity capital.
more »
This dreamy scene of money raining down on Wall Street amid a deep recession has given a street artist a big break. Peter Zonis now exhibits his works in the lobby of an office building in New York's midtown Manhattan.
more »
During the draw another five winners of the Danske Bankas monthly Scholarship award were announced.
more »
Within January - March this year, the turnover on the accounts of AB Bank SNORAS payment cards increased by LTL 202 million or 18 per cent and on 31 March this year reached LTL 1.3 billion.
more »
Fitch Ratings affirmed AB DnB NORD Bankas short term borrowing rating F1, individual rating “C/D” and the support rating “1”.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas has changed individual and corporate customers time deposit rates.
more »
The G-20's response to the world food and financial crisis, and efforts to make ACP-EU economic partnership agreements flexible enough to meet development needs, took centre stage at the 17th session of the ACP-EU Joint Parliamentary Assembly in Prague from 4 to 9 April.
more »
European aviation will be governed by more efficient rules, leading to shorter flights, fewer delays and reduced fuel consumption, thanks to the adoption today by the European Parliament of the “Single European Sky II” legislation.
more »
Late payment for work performed, a perennial problem in Europe, is now hampering recovery from recession.
more »
On 8th April 2009 International Rating Agency Fitch Ratings has changed Bank SNORAS Long-Term Issuer Default Rating to ‘B+'.
more »