Germany plans measures to help companies rebuild Ukraine
The Peninsula
Berlin: The German cabinet on Wednesday signed off on a package of measures to support businesses involved in the reconstruction of Ukraine, including...
Berlin: The German cabinet on Wednesday signed off on a package of measures to support businesses involved in the reconstruction of Ukraine, including grants and favourable interest rates.
"Ukraine needs more than just weapons to survive this war. It is also important that the economy continues to function and that the country can finance reconstruction," said Development Minister Svenja Schulze.
The 15-point plan includes grants and loans for small and medium-sized enterprises (SMEs) in Ukraine as well as investment guarantees for German companies, according to a statement from the development and economy ministries.
It also includes plans for a national public lender in the style of Germany's KfW development bank.
"We are already in talks with the Ukrainian government about such a funding institution," Schulze said.
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