OREANDA-NEWS.  February 10, 2014. The Government continues system cooperation in energy area with the European Bank for Reconstruction and Development (EBRD). The acting First Vice Prime Minister of Ukraine Serhiy Arbuzov declared.

“I wish to thank our colleagues from the EBRD for the system support of the energy domain. Being the largest investor in Ukraine the bank supports us in realization of big projects in energy area. It is of great importance for us that these funds are allocated on favorable conditions for our economy,” he announced.

In this connection Serhiy Arbuzov evaluated the recent decision of the bank to allot to Ukraine USD 155 million with participation of Ukrainian banks for support of energy and small business in Ukraine.  

According to him, from these funds UAH 100 million will be invested into development of stable energy sources and energy effectiveness.

Besides, the acting First Vice Prime Minister reminded that the EBRD had also approved a new program of support of small and average enterprises at the amount of USD 55 million.

“The funds for this project will help to Ukrainian enterprises to enter the way of energy effectiveness, economizing and shortening of needs in energy domain. This assistance coincides with our strategy of reducing emissions in the production of electricity and environmental protection,” Serhiy Arbuzov added.