The Cabinet of Ministers has reduced the credit rate for borrowings
The Cabinet of Ministers proposed to limit lending rate at 9.5% per year, which does not exceed the discount rate of the NBU. Foreign borrowings will be carried out under the state guarantees.
Acting Prime Minister Sergey Arbuzov noted that the new credit rate based on state guarantees, which will help attract investment on specific projects. It is expected that the credits will ensure the development of priority sectors of the Ukrainian economy — the energy industry, agriculture, science and education and others.
State guarantees for 2014, according to the state budget, are UAH 50 million.