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Ukrainian farmers to receive $5 million funding

03/04/2003

The German government has allocated Eur5 million ($5.39 million) to support agricultural and private enterprises in the Ukraine countryside, the German deputy state secretary Roman Shmidt has said.

 

The funds are available through the German-Ukrainian Fund (GUF) and its partner banks, PryvatBank, Aval, Microfinancial Bank, Nadra and Forum. The loan is payable over 40 years at a rate of 0.75% annual interest, Shmidt said.

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