Ukrainian government strengthens cooperation with NEFCO

The Ukrainian government and NEFCO signed a memorandum of understanding on Friday in Stockholm, Sweden. The MoU will facilitate NEFCO’s future investments in Ukraine. The agreement was signed by the Ukrainian minister of housing and communal services, Mr. Alexey Kucherenko and NEFCO’s Managing Director Magnus Rystedt.

The agreement focuses at different ways of increasing energy efficiency in the district heating sector aiming at transfer of technology and joint projects.

NEFCO has financed a total of eleven environmental projects in Ukraine since 2004. The majority of these projects have been carried out within the energy or agricultural sectors. Ukraine is experiencing very strong economic growth at the moment with an increase in GNP of 7.3 percent.

“There are a wide range of Ukrainian companies that are interested in making use of our services. This MoU will certainly facilitate our work, strengthen our presence in Ukraine and lower the threshold for sending in loan applications to us, said NEFCO’s Managing Director Magnus Rystedt.

For more information, please contact:
Magnus Rystedt, Managing Director, NEFCO, +358 50 3296 224
Julia Shevchuk, Chief Liaison Officer (Kiev), +380 50 350 3518

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