European Investment Bank President Werner Hoyer today backed a new funding call from COVAX, the global initiative to ensure equitable access to COVID-19 vaccines around the world.
The European Investment Bank (EIB) is lending USD 120 million to Epicentr Group to support the modernisation of Ukraine’s agriculture and food supply, one of the key sectors of the national economy. The Epicentr Group, one of Ukraine’s largest companies in the home improvement retail and agriculture sectors, will finance new grain silos and elevators, modern agricultural equipment, and grain railcars for transporting cereal. By supporting the modernisation of the agriculture industry in Ukraine, the European Investment Bank is aiming to increase food security and the efficiency of food supply, as well as increasing the sustainability of agricultural practices in Ukraine by way of efficient resource management, increased productivity and the reduction of agricultural waste. This is a key precondition for a modern and globally competitive agricultural sector, which, in turn, will make a significant contribution to curbing global warming.