Ukrainian minister, Danish ambassador discuss cooperation under Danida Business Finance program

Ukraine's Deputy Prime Minister, Minister for Reintegration of Temporarily Occupied Territories Oleksii Reznikov has met with Danish Ambassador to Ukraine Ole Egberg Mikkelsen to discuss the implementation of the Danida Business Finance program in Ukraine, according to a statement posted on the website of the Ministry for Reintegration of Temporarily Occupied Territories of Ukraine.

"Several priority areas have been identified in which projects will be selected for funding under the program. These are renewable energy, energy efficiency, heat supply, water supply, and water purification. Given all the losses suffered by Donetsk and Luhansk regions due to Russia's armed aggression and occupation of parts of the regions, destruction of enterprises, bringing them to a critical environmental situation, destruction of communications - these areas are urgent for development. I am grateful to our Danish friends for the support of Ukraine as a whole and our citizens who suffer from the actions of the Russian Federation. All projects will be implemented to meet the basic needs of our citizens and, of course, businesses," Reznikov said.

The Danida Business Finance program in Ukraine is being implemented in order to develop a stable and successful Ukraine and envisages the provision of interest-free loans for a number of projects. In particular, these are projects related to the reintegration of the temporarily occupied territories of Ukraine and the development of the infrastructure of the adjacent territories.

The projects are being implemented in the Donetsk, Luhansk, Mykolaiv, Kharkiv, and Kherson regions.

Their minimum cost is EUR 13.5 million euros, with the maximum cost being over EUR 100 million. The implementation period is up to ten years.

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