EСA insured the first investment loan against war risks - for a mini thermal power plant

The Export Credit Agency (ECA) insured the first investment loan against war risks. It is about insurance for the manufacturer of printing inks "Flexores", which received a loan for the purchase of equipment for the production of electricity to meet its own needs. This was reported by the First Deputy Prime Minister — Minister of Economy of Ukraine Yulia Svyridenko.

"This is a tool that entrepreneurs have been waiting for for a long time. A few months ago, we expanded the ECA's mandate to insure investments specifically against war risks. And finally we have the first significant result. Flexores LLC received the insurance. The company manufactures products for various types of printing, is a leader in the sale of printing inks and actively exports its products to foreign markets," said Yuliya Svyridenko.

For the purchase of a mini TPP "Flexores" concluded a credit investment agreement with MTB BANK under the program "Affordable loans 5-7-9%". EСA provided coverage for this investment.

"The service of insurance against military or political risks at EсA can be used by an investor who wants to invest within the borders of Ukraine in a production that will manufacture products for export. There are two options for this: contact the EсA directly and take out the appropriate insurance. Or to attract a suitable loan from a bank under the insurance coverage of ECA", - the Minister of Economy indicated.

Also, according to Svyridenko, it is quite symbolic that the first insurance of investments against war risks is connected with the development of alternative generation and support of the energy industry.