The results of the meeting of the commission for the competitive selection of small and medium-sized enterprises for compensation of part of the interest rate on loans received for business development

27 August 2019, 16:30
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On August 22 this year, under the chairmanship of the Acting Head of the Regional State Administration, Svitlana Shatalova, a regular 7th meeting of the commission for the competitive selection of small and medium-sized businesses was received to compensate part of the interest rate on loans received for business development.

Seven other enterprises of the Odessa region have received the right to compensation at the expense of the regional budget of 10% on credits for development of own business. In total, 10 applications have been submitted to the selection board.

All the winning projects are representatives of small or medium-sized businesses: VKF “Cryoprom” LLC, LLC “Vintrest”, LLC “Navitrek”, LLC “Odessa sturgeon complex”, LLC “First furniture factory”, LLC “Transport company Blasko”, FOP Voronovich S.G.

The total amount of loans they plan to attract is UAH 18.3 million. These funds are spent on the development of: purchase of equipment for the production of wine, breeding sturgeon fish, developing new products and more.

More than 300 people work for the enterprises that have received the right to compensation. and further, as a result of the implementation of investment projects, it is planned to create an additional 50 new jobs.

In August 2019, Raiffeisen Bank Aval, one of the leaders in the Ukrainian banking sector, joined the Compensation Program.

Note: The partial loan repayment program has been in effect since 2017. To support small and medium-sized businesses in the regional budget 2019, 3.3 million hryvnias were invested. At present, 25 companies with a total loan portfolio of about UAH 70 million have already received compensation. Through participation in the program, the winning companies have increased their own production, created more than 150 jobs. In general, they provide employment for about 1,400 residents of the Odessa region.

Currently, the Program's partners are 10 banking institutions - state-owned banks: PJSC “State Export-Import Bank of Ukraine”, PJSC “State Savings Bank of Ukraine”, PJSC AB “Ukrgasbank”, PJSC CB “Privatbank” and commercial banks: PJSC “Bank Vostok ”, PJSC“ Bank Yuzhny ”, PJSC“ MTB Bank ”, PJSC“ Ukrsibbank ”, JSC“ Kredobank ”and JSC“ Raiffeisen Bank Aval ”.