Ministry of Economy of Ukraine
ECA has supported Ukrainian exports by UAH 310 million since the beginning of the year: Volodymyr Kuzio
18.03.2024 | 15:56 | Section for Public and Mass Media RelationsIn 2024, the Export Credit Agency (ECA) insured seven loans worth UAH 28 million issued to Ukrainian exporters and one foreign economic activity (FEA) agreement. Thus, domestic exports were supported for the amount of UAH 310 million. This was announced by Deputy Minister of Economy of Ukraine Volodymyr Kuzio.
“It is very important for the Government to support Ukrainian producers who sell their products for export. This helps to increase production and thus create new jobs in the economy. As part of the Made in Ukraine programme, we plan to promote Ukrainian goods to foreign markets and do everything we can to make Ukrainian producers known to as many people as possible around the world. Ukrainian products should become a symbol of quality for consumers,” Volodymyr Kuzio emphasized.
This year, entrepreneurs from six regions of Ukraine have used the services of the Export Credit Agency to supply their products to countries such as Germany, Italy, the USA, Moldova and Hungary.
The largest volume of deliveries is in such product groups as clothing, furniture and processed vegetables.
Background:
PrJSC Export Credit Agency was founded in 2018. The sole founder and shareholder of ECA is the state represented by the Cabinet of Ministers of Ukraine. The corporate rights owned by the state in the authorised capital of ECA are managed by the Cabinet of Ministers of Ukraine through its authorised management body, the Ministry of Economy of Ukraine.
The main goal of the agency is to support and stimulate the large-scale expansion of exports of goods (works, services) of Ukrainian origin. The institution protects Ukrainian exporters from the risk of non-payment and financial losses associated with the execution of foreign trade contracts, and provides a wide range of services to strengthen the credit policy of Ukrainian exporters and effectively manage their financial flows.
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