Odesa raises five-year loan of UAH 1 bln at 22.4% per annum from Ukrgasbank
Odesa City Council has attracted a five-year loan of UAH 1 billion from Ukrgasbank (Kyiv), according to the website of the Ministry of Finance of Ukraine.
According to the ministry, the cost of borrowing is 22.4% per annum. The loan repayment period is December 15, 2023.
As reported, Odesa in 2018 planned to provide about UAH 860 million of financial guarantees to municipal enterprises (in 2017 some UAH 1.3 billion). It was assumed that the specified financing would be used for investments, payments on the obligations of enterprises, as well as to cover their losses due to the excess of expenses for the services provided over the tariffs for these services.
Advertising
Advertising
MORE ABOUT
Forty people still hospitalized, nine in serious condition after Russia's Fri attack on Odesa – local authorities
11:48, 16.03.2024
Zelenskyy instructs regional Odesa authorities to provide support to those affected by Russian missile attack
19:58, 15.03.2024
Death toll as result of missile attack on Odesa rises to 20 people
19:39, 15.03.2024
Death toll from missile attack on Odesa rises to 19 – Kostin
18:38, 15.03.2024
Interior Minister reports 16 dead, 73 injured, losses among National Police personnel after attack on Odesa
17:13, 15.03.2024
LATEST
Ukraine's GDP grows by 5.3% in 2023 – statistics
16:32, 28.03.2024
RegioJet operates its first trip on Prague-Chop route
12:57, 28.03.2024
All power units of DTEK's Burshtynska and Ladyzhynska TPPs completely or partially damaged by Russia's strike – top manager
11:15, 28.03.2024
DTEK subsidiary signs agreement with Polish Columbus Energy for building 133 MW energy storage system in Poland
20:43, 27.03.2024
AHK Ukraine proposes to carry out number of reforms to attract foreign business to recovery process