Earlier this week BGK signed a contract to provide EUR 53.6 million in long-term credit towards a new shopping centre in Kharkiv, north-eastern Ukraine.
One of the conditions behind the agreement is that at least 40 percent of products and services imported as a result of the investment must come directly from Poland.
In addition, a number of Polish retailers are likely to open branches in the shopping centre, while the Polish company Unibep has been tasked with the construction work.
The head of the Bureau of Foreign Transactions at BGK, Arkadiusz Zabłoński, said: “We will guarantee financing for the contract ... ensuring that Polish firms will not face any risks from lack of payment. Our financing increases the competitiveness of Polish exports.”
Meanwhile, Janusz Władyczak, the head of the Polish export insurer KUKE, which is also involved in the project, said that the stabilizing political situation in Ukraine offers significant opportunities for Polish firms.
In 2018, Unibep built a similar shopping centre in Kiev, financed by a EUR 41 million credit line from BGK.
(sl/jh)
Source: PAP