“Nibulon” received almost 13 million euros from Denmark

Agricultural company “Nibulon” received almost 13 million euros from the Export Investment Fund of Denmark (EIFO).

Funds in the amount of 12.8 million euros will be used for the purchase of 74 units of modern agricultural machinery, Nibulon reported.

Financing took place within the framework of the social program of the Danish investment fund created for Ukraine. Its launch was announced last May during the Ukrainian Investment Forum in Copenhagen. The program will finance projects involving the best Danish technologies and innovative solutions and will be available to both the public and private sectors.

“Financing will help the company to increase grain yield by modernizing agricultural machinery and strengthen the company’s long-term financial position. The loan is important both for Ukraine in general and for Nibulon in particular. At EIFO, we are proud to be able to make a small contribution to the huge reconstruction work that awaits Ukraine and which is currently one of the most important tasks for its citizens. We look forward to future cooperation with Nibulon and other Ukrainian and Danish companies operating in Ukraine,” commented General Director Peder Lundqvist.

Read also: Last year, “Nibulon” doubled the volume of transportation with its own fleet on the Danube