Thursday, February 18, 2010

Slovak Eximbanka Ready To Finance Urals Industry Modernisation

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 offered various financing options 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 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.

Nat Lawyer
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