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 Ukrainian Politics, Incidents, Economics
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 Poland and Ukraine signed EUR 100 million loan agreement

Ukraine and Poland have signed an intergovernmental agreement to provide Ukraine with loan in the amount of EUR 100 million for the development of border infrastructure and border crossings on the Ukrainian-Polish border.

Censor.NET reports citing the press service of the Cabinet of Ministers of Ukraine.

Read more: Poland approved €100 million loan to Ukraine

The agreement was signed by Minister of Finance of Ukraine Natalie Jaresko and Minister of Finance of Poland Mateusz Szczurek. As stated by Prime Minister Arsenii Yatseniuk after meeting with head of the Polish government Ewa Kopacz, this agreement is substantial step in aiding Ukraine.

"Ukraine and Poland have signed an agreement on granting Ukraine 100 million euro loan for 30 years at 0.15 percent. This is actually zero percent. We will spend these funds for the development of eight border crossing points on the eastern border with the EU. In general, this will affect eight million citizens at both sides. 50,000 people, 15,000 cars and 2,000 trucks cross the border through these points daily. We will spend 60 percent of the funds for construction of roads adjacent to these crossing points, 40 percent - for construction of the infrastructure," Yatseniuk said. He also noted that Polish entrepreneurs will be actively involved in the construction of the Ukrainian border crossings.

Read more: Minister Jaresko sees deal with creditors as Ukraine's historical victory

 
 
 
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