Bank funds will be spent on the development of aviation, shipbuilding, space industry, mechanical engineering

The bank is created in order to give the economy a "long money".

For successful implementation of the state program of revitalization of economic development for 2013-2014. will be createdDevelopment bank, which should be the main tool lending strategic sectors of the Ukrainian economy. This is a first-tier bank, it will deal exclusively with the refinancing of commercial banks for the implementation of long-term investment. 

This was announced on June 13, Minister of Economic Development and Trade of Ukraine Igor Prasolov during the first international business conference ABC: Ukraine & Partners.

"It is about high-tech industries — aviation, shipbuilding, space industry, mechanical engineering. We will also encourage the development of strategic sectors — Energy, utilities, transport infrastructure, agriculture," — said Igor Prasolov.

As previously stated the Minister, the State Development Bank, created in order to give the economy a "long money" with a fairly low interest rate. During 2013, the regulatory framework will be established, and in 2014, Development Bank will be started. The estimated initial authorized capital — 10 billion UAH.

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