The Government has improved financial support for Ukrainian business through the instrument of portfolio guarantees
On April 30, the Cabinet of Ministers of Ukraine adopted a resolution to improve financial support for Ukrainian businesses. The changes are aimed at improving the efficiency of state guarantees provided on a portfolio basis.
The term of the state guarantees will be extended to ten years for loans taken to rebuild fixed assets destroyed partially or completely as a result of military aggression, and to five years for all other categories of loans, which in turn increases the term of contracts for agricultural producers under previously provided guarantees.
Also, since the adoption of the act, it has become possible for business entities operating in the processing industry (the main KVED) to obtain loans under state guarantees for all KVEDs of Section C of the National Classifier of Ukraine.
The innovations will allow supporting micro, small and/or medium-sized businesses - residents of Ukraine in the difficult conditions of martial law and will have a positive impact on the implementation of long-term investment projects and meeting working capital needs. This will help stabilize the economic situation and support national production on the path to sustainable recovery.
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