Germany expands state guarantees for investing in Ukraine

8 August, 04:57 PM
Flag of Germany (Photo:Pexels / Pixabay)

Flag of Germany (Photo:Pexels / Pixabay)

The German Economy Ministry has expanded its state program of investment guarantees for German companies in Ukraine, said the official press release on Aug. 7.

The program will now cover not only property damage up to a total loss of investment but also conversion and transfer risks for interest payments on quasi-equity loans.

This type of loan, which combines both debt and equity investments, is common in Germany.

Additionally, Germany will not charge any application fees for investment guarantees in Ukraine until at least 2025. Companies will only have to pay an annual fee.

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As of today, 14 companies use the guarantees with a total maximum liability of EUR 280 million ($307 million). However, more applications are to be considered soon, the ministry said.

Due to high risks, Ukraine will receive 90% of major global investments only after the end of Russia’s full-scale invasion, CEO of Dragon Capital, Tomas Fiala, stated recently.

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