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Germany allocates 300m euros to support Ukraine's SME

Details of the loan program will be announced later on Monday.

Germany allocates 300m euros to support Ukraine's SME

German federal development bank KfW will provide Ukraine 300mn euros to support small and medium-sized businesses. A corresponding agreement will be signed between the National Bank of Ukraine, the Ministry of Finance and KfW in Kyiv on April 4, according to a Monday press release from the German-Ukrainian Fund.

The details of the credit program will be made public after signing the agreement.

The German-Ukrainian Foundation was established in 1999. Its founders are the National Bank of Ukraine, the Ministry of Finance of Ukraine and KfW.