UKRAINE – EBRD
September 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend Ukraine steel producer ISTIL US$35 million to increase its working capital to meet the growing demand for larger shipments of steel products. Assuming it is approved by the EBRD board, the loan would also boost the company's competitiveness through production and energy efficiency improvements. The investment would "enable the company to ensure the reliable delivery of large orders to its key export customers," said an EBRD memorandum. The bank also hopes that ...
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