German Investment Corporation (Deutsche Investitions- und Entwicklungsgesellschaft, DEG) will invest USD 10mln in small and medium enterprises (SMEs) in Ukraine, DEG official website reads.
The funds will be disbursed via Emerging Europe Growth Fund III (EEGF III) organized and managed by Horizon Capital. The funds’ target size is USD 150mln.
With our investment, we are putting our weight behind Ukrainian SMEs. The investment company’s team effected successful investments in the predecessor fund and these are creating growth and jobs through anti-cyclical measures and strengthening good corporate governance, told Dr Tilman Kruse, Head of DEG’s Corporates/Funds Europe/Middle East/Central Asia.
Ukraine has made progress with structural reforms in recent years and expects economic growth rates to rise again, in excess of three percent from 2018 onwards, according to DEG.
