Baku 18° C
Italy allocates EUR 200 million soft loan to Ukraine
Other countries
- 16 August, 2022
- 12:33
Add Report.az to preferred Google sources
Stay up to date with the top news!
Ukraine received a 200 million euros soft loan from the Republic of Italy on August 15, the country's Ministry of Finance said in a statement.
Report informs, citing Ukrainian media, that according to the terms of the loan agreement, the funds are provided at a zero interest rate for 15 years (with the grace period of 7.5 years).
The funds received will be used to cover expenses for salaries of teaching staff of general secondary education institutions.
The loan agreement was signed on August 5 between Ukraine represented by the Minister of Finance of Ukraine as the borrower and the Government of the Italian Republic represented by the Minister of Economy and Finance of the Italian Republic as the creditor.
Author
Latest News
08:12
Trump has no plans to dismiss Pentagon chief
Other countries
08:03
Bavarian politician Hubert Aiwanger found dead in Berlin hotel
Other countries
07:40
Gold prices surpass $4,100
Finance
07:37
UEFA Champions League: Sabah lose away to Viking
Football
00:05
Ukraine discusses postwar recovery and 2027 financing with partners in Brussels
Other countries
23:38
Trump acknowledges Iran war and fuel prices contributed to Republican defeat
Other countries
23:28
Moldova could complete EU accession talks in 2028, government says
Other countries
22:54
Recep Tayyip Erdoğan: I take great pleasure in conveying my most sincere wishes to President Ilham Aliyev
Foreign policy
22:45
Azerbaijani ambassador highlights Croatia"s support for demining efforts
Foreign policy