Denmark will finance “Nibulon” for almost 27 million euros
30.06.2023 - 15:00
The photo is illustrative.
Nibulon will receive financing from the Danish Export Investment Fund (EIFO).
The funding will be used to increase the capacities of the “Bessarabska” branch in Izmail, the press service of the “Nibulon” company reported.
EIFO is investing almost 27 million euros in the construction of the elevator, which is designed for the simultaneous storage of 118.5 thousand tons of grain.
Also, part of these funds will be allocated for a high-tech modern mill with a capacity of 750 tons per day.
“This will allow the company to increase the throughput export capacity of the branch to 300,000 tons per month, to supply flour both to the domestic market and to serve the interests of the UN World Food Program food security mission through the Danube ports. The construction of new production facilities will also increase the number of jobs in the region by 100 specialists,” the report says.
The rulers of the Kingdom of Denmark are convinced that there is no need to wait for the end of the war. That is why they seek to attract Danish business in the early stages of the restoration of the Ukrainian state.
“We are impressed by the speed of decision-making and support from Denmark in these difficult times for the Ukrainian economy. We really need more and more positive signals like this for others to follow. Only in this way will we be able to rebuild Ukraine as quickly as possible,” said Olha Babanina, financial director of the Nibulon company.
As previously reported by USM, at the beginning of June 2023, “Nibulon” exported the first million agricultural products through the “Bessarabska” branch.
