The Cabinet of Ministers of Ukraine has approved a draft agreement with the government of Poland that will allow the Polish development bank Bank Gospodarstwa Krajowego (BGK) to begin operations in Ukraine. As a result, BGK will be able to provide financial and technical support to Ukrainian government, state, and private institutions in the form of loans, grants, guarantees, and other financial instruments.
This is reported by Business • Media
BGK Will Support Recovery and Development Projects
The main goal of BGK’s work in Ukraine is to facilitate the implementation of large-scale recovery and development projects in the country. Special emphasis is placed on supporting exports, providing guarantees, and financing investments necessary for the restoration of infrastructure, development of energy, transport, housing construction, and other key sectors.
“BGK will be able to operate in Ukraine, including providing financial and technical assistance to the government, state and private institutions, and organizations in the form of loans or other financial instruments.”
The Polish Bank Expands Support for Ukrainian and Polish Businesses
Bank Gospodarstwa Krajowego is the state development bank of Poland, which actively collaborates with the Polish government, the European Union, and international financial organizations. It is already providing export guarantees for Polish companies supplying goods to Ukraine, as well as financial support to Ukrainian businesses. In the future, BGK plans to expand its lending activities to Polish entrepreneurs for investments in projects related to the recovery of Ukraine. The list of projects to be implemented with the involvement of BGK will be determined in cooperation between the governments of Ukraine and Poland, as well as the bank itself.