(MENAFN- UkrinForm) According to the Ministry of Economy, Environment, and Agriculture, the program has been extended to areas affected by active hostilities, provided that state electronic information systems are operational in those territories.

“Due to ongoing shelling, many companies in frontline regions have lost income, production capacity, and other assets. To help them preserve operations and jobs, the government has broadened access to the 5–7–9% loan program. This decision will enable businesses near the front line to continue working and growing despite wartime threats,” said Minister of Economy, Environment, and Agriculture Oleksii Sobolev.

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Under the new provisions, special attention is given to businesses in frontline areas that received state support between 2022 and 2024. These enterprises will be able to extend the maturity of their loans until the end of 2027. They will also have the option to refinance existing debt under preferential terms.

If a business's location is designated as a high-risk war zone after a loan agreement has been signed, the company will still be eligible for a reduced interest rate.

As previously reported, the Cabinet of Ukraine approved a series of measures to simplify business operations-from automating inspections to expanding access to affordable loans and introducing compensation for land demining.

Photo credit: pixabay

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