Investment & Fund Management
which is backed by the European Investment
Full Credential Description
Slovenia has joined a European initiative aimed at bolstering trade with Ukraine by participating in the InvestEU Ukraine Export Credit Guarantee Facility. This initiative, which includes nine other EU countries, is designed to support small and medium-sized enterprises (SMEs) and Mid-Caps exporting to Ukraine, particularly in light of the ongoing economic challenges posed by the war. The Slovenian export credit agency, SID Banka, has committed to providing 24 million of the total 300 million in guarantees available through the facility, which is backed by the European Investment Fund (EIF).
The tailored solution provided by SID Banka involves offering guarantees to Slovenian exporters, enabling them to continue trading and investing in Ukraine during a critical period for the country's recovery. This initiative is expected to benefit over 550 EU exporters, facilitating the export of essential goods such as machinery, construction materials, and advanced technologies, which are vital for Ukraine's economic reconstruction.
The participation of Slovenia in this facility not only strengthens economic ties between Slovenia and Ukraine but also positions Slovenian companies to seize new opportunities in a strategically important market. The initiative is seen as a significant step towards integrating Ukraine into the European single market and supporting its aspirations for EU membership. By mitigating risks and unlocking opportunities for trade, the Ukraine Export Credit Guarantee Facility serves as a strategic tool for fostering economic partnerships that are essential for Ukraine's recovery and long-term stability.