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Ukraine : EBRD offers loan to largest sugar producer in UKRAINE

September 3, 2014

Ukraine s Astarta, a large agribusiness operator and the country s biggest sugar producer, will get a $26.3 million loan from the European Bank for Reconstruction and Development (EBRD).

Since 2008, the company has been an EBRD client. The funds will be used by the company to support its operations and boost its liquidity needs. The bank is continuing to bolster more support to the agribusiness sector that is a driving force in the country s economy.

Seyki Acuner, the EBRD director for Ukraine, stated We have implemented a range of projects with Astarta in sugar, grain, dairy and energy efficiency sectors over the years. Now, during the economic downturn and market volatility, it is extremely important to offer timely support to our long-term partner, which shares our strategic vision and business philosophy.

Astarta CEO and founder Viktor Ivanchyk commented Support by our long-term financial partner EBRD is strategically important for our company. During this difficult time in Ukraine, Astarta remains a reliable employer, social and business partner, taxpayer and exporter, which is much needed to support the country s economy.

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Source: TendersInfo (India)

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