Cabinet of Ministers decided to increase the authorized capital of the state Ukreximbank to 1.8 billion UAH - up to 11.809 billion UAH. I. Fr. Minister of Finance Igor Umansky said that the capital will be increased during the month after the approval of the National Bank. According to the Minister of Municipal Alexey Kucherenko, the capital increase was initiated MinZhKH to finance leasing Electric and projects for modernization of thermal power utilities. "Now companies within the industry can attract investment through concession and lease, loan programs EBRD and World Bank. We have offered them another opportunity for modernization", - explained the Minister. Due to the fact that the state budget is not adopted, to finance capital programs is prohibited.

Mr. Kucherenko said that the next stage of negotiations with Ukreximbank will be held after the election. "The bank is studying the level of liquidity of financial transactions. And if it is decided to devote part of our industry, we discuss the conditions of the lease. I think the industry would be interested to participate in this scheme at the rate on the loan does not exceed 8%," - he said. The Minister stressed that to enter into leasing contracts will be local authorities, and to finance them will be either a bank or "Ukreksimlizing", or State agency.

"returns the funds industry will be able through savings. After switching to energy-saving equipment, energy costs will drop significantly. In particular, the cost Teplokommunenergo for the purchase of gas will drop by 20-25%, and the purchase of Electric will cut costs for fuel," -- Mr. Kucherenko said.

In a crisis Cabinet makes extensive use of state bank for credit - in 2009 Ukreximbank increased its portfolio of loans to legal persons 22.3%, or 8.1 billion UAH. Get your comment at the bank has not yet succeeded. Local authorities supported the initiative. "In the complete absence of funding from the state budget we have no choice but to take part in such programs. Actually, we only have enough money to pay salaries, so we"ll borrow," - said the mayor of Zaporozhye Yevgeny Kartashov. "If the rate does not exceed 8-10% in UAH, it would be a good option for reforming the industry" - says the mayor of Vinnitsa Vladimir Groisman.

However, market participants are skeptical that will be able to lease new equipment. "We need to change almost all of rolling stock - 80% of trams and trolley buses had exhausted their resources, and deterioration of the rail is 70%. Businesses do not have available funds in order to get new equipment lease. It will be possible only if the local authorities agree to increase fares. Then we could pay the bank interest of the money, "- noted the Deputy Director of Economic Affairs" Donelektroavtotransa Raisa Orlyanskaya.

"It is unlikely that the State Bank decided to finance the leasing of unprofitable branches. We can not give any guarantees to the bank. Recover means we could have provided that the tariffs for thermal energy for the population will be economically justified. But this can lead to a drop in the level of payments, - said the director of Kirovograd CTV Vladimir Kulikov.

Maria Tsaturyan

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