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Germany to Invest $10 Million in Ukrainian Small and Medium Enterprises

August 22, 2017
DEG (Deutsche Investitions- und Entwicklungsgesellschaft [German Investment and Development Corporation]) is about to allocate USD 10 million to promote Ukrainian SMEs (small and medium-sized enterprises – ed.), reported the Embassy of Federal Republic of Germany in Ukraine.

DEG will contribute USD 10 million to an investment fund for Ukrainian small and medium businesses Emerging Europe Growth Fund III (EEGF III). The fund, established by Horizon Capital, is designed to assist businesses in gaining access to long-term financing.

“With our investment, we are putting our weight behind Ukrainian SMEs”, said Dr. Tilman Kruse, Head of DEG’s Corporates/Funds Europe/Middle East/Central Asia department.

EEGF III supports fast-growing, export-oriented companies primarily in IT, light manufacturing and food industry. The fund also backs businesses in the sphere of e-commerce and healthcare as well as other companies which operate on the domestic market.

Source: inventure.com.ua

Tags: investment