The Federal Ministry of Economics of Germany has announced the expansion of the state investment guarantee program for German enterprises that decide to invest in Ukraine, where a full-scale war is ongoing.
This information is reported by the Ministry of Economy of the Federal Republic of Germany.
It is noted that the German government will cover not only property losses up to the complete loss of investments, but also conversion and transfer risks for interest payments on investment-like credits.
"The focus is on long-term credits that German companies often use in addition to regular capital participation to finance Ukrainian subsidiaries," the statement explains.
In addition, the German government will not charge a fee for submitting applications for guarantees for investments in Ukraine at least until 2025. For Ukrainian guarantees, German enterprises will only pay an annual fee for providing the guarantee.
The expansion of investment guarantees became possible due to the fact that the National Bank of Ukraine lifted certain restrictions on transfers and currency exchange at the request of the German side.
According to the Ministry of Economy of the Federal Republic of Germany, there are currently investment guarantees in place for 14 enterprises in Ukraine with a total coverage volume of 280 million euros, not including applications currently under consideration.
