“Ukraine received 100 million euros from the EIB to support businesses and modernize heating systemsThe European Investment Bank has provided Ukraine with 100 million euros to strengthen economic resilience and restore municipal
heating infrastructure. 70 million euros will be allocated to a loan program for businesses, and 30 million euros will be used for
the repair and modernization of heating systems.
”, — write: unn.ua
The European Investment Bank (EIB), the bank of the European Union, has transferred a total of 100 million euros to support economic resilience and critical district heating infrastructure in Ukrainian communities.
It is noted that 70 million euros will be directed to the loan program for Ukrainian banks “Strengthening the Economic Resilience of Ukraine”. As noted by the EIB, “this financing will expand access to long-term loans for micro, small and medium-sized enterprises, as well as mid-cap companies across the country, helping to preserve jobs and strengthen the resilience of Ukraine’s private sector.”
The remaining funding, 30 million euros, will be directed to communities and municipal enterprises for the repair and modernization of centralized heating systems, increasing energy efficiency in public buildings and implementing solutions for the use of renewable energy sources, which will help reduce dependence on centralized heating systems.
It will also enable timely restoration of facilities damaged by Russian attacks, strengthening the resilience and energy security of communities across Ukraine. As a result, municipalities will have more autonomous and efficient heating systems for schools, hospitals and residential areas.
RecallNAK “Naftogaz of Ukraine” signed a loan agreement with the European Investment Bank for the amount of €300 million. The funds will be used to purchase imported gas to form long-term reserves and ensure a stable heating season in wartime conditions.