Czech National Development Bank plans support program for projects in Ukraine

The Czech National Development Bank is developing a new program to support investment projects by Czech-Ukrainian firms in Ukraine. Oganized in partnership with the Ministry of Industry and Trade and the Ministry of Foreign Affairs, the program will be funded by national sources. Initially, the program would receive CZK 1 billion from MPO and MZV budgets, with an additional CZK 3 billion from the European Commission, pending approval. The initiative will provide loan guarantees for medium-sized strategic projects, especially in energy, with a maximum implementation period of 15 years. Applications are expected to open in the third quarter of next year.