Poroshenko enacts bill permitting credits for agri-food small and medium enterprises

13:43, 12.10.2016 1 min read

Ukrainian President Petro Poroshenko has enacted law No. 1530-VII on the ratification of the financial agreement between Ukraine and the European Investment Bank (EIB).

According to a posting on the president's website, the implementation of the document aims at supporting the agricultural sector in Ukraine and allows raising EUR 400 million for 12 years with a four-year grace period.

"The funds will be sent to modernization of fishing industry and mariculture in Ukraine and implementation of projects in planting grain crops and oilseeds," reads the report.

The agreement between Ukraine and the EIB was signed in Kyiv on December 28, 2015.