Slovak Eximbanka Ready To Finance Urals Industry Modernisation

17.02.2010 — News

THE SVERDLOVSK OBLAST.

Slovak industrialists might expand their presence in the Urals. The Sverdlovsk Oblast government and the Export-Import Bank of Slovakia (Eximbanka SR) have signed the agreement on cooperation in the sphere of investment development. 

The Eximbanka SR management has offered various financing options, including those guaranteed by the Slovak Republic. The key condition to be eligible for financing is that 30 to 40% of the financial resources provided must be spent on purchases of Slovak made equipment.

The Sverdlovsk Oblast government informed RusBusinessNews that power engineering seems to have the best future for the cooperation. Slovak SES Tlmače is prepared to participate in the construction of power plants at OJSC Uralelectromed, OJSC Sredneuralsky Copper Smelter and OJSC Nizhniy Tagil Iron and Steel Works. 

Eximbanka SR has also offered to take part in the establishment of the centre for the production of pharmaceuticals for the early diagnosis and treatment of oncological diseases in the Sverdlovsk Oblast. Biont, the Slovak Medical Nuclear Centre, and Unona Holding Ltd. are working jointly on the project.