Note
This live ticker has sadly been discontinued due to a lack of interest.
€40.5 million grant agreement signed between BDF and KfW
The Business Development Fund and the German state-owned development bank KfW have signed a €40.5 million grant agreement to support small and medium-sized enterprises in Ukraine. This was announced on the website of the Ukrainian Ministry of Finance.
The agreement aims to improve access to funding for Ukrainian micro, small, and medium-sized enterprises, with a priority on those operating in de-occupied and war-affected territories, through financial instruments implemented by Business Development Fund.
€30 million investment into the Ukraine Energy Support Fund
The Federal Ministry for Economic Affairs and Energy announced in a recently released press release on their website that they plan to invest another €30 million into the Ukraine Energy Support Fund, through which spare parts and equipment for destroyed energy infrastructure in Ukraine is being financed.
The German government has already provided around €400 million for this fund, making Germany by far the largest contributor worldwide. Once the necessary internal steps have been completed, this sum will continue to grow with the provision of new funding.
