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EBRD to grant 100 million USD credit to Ukraine

EBRD to grant 100 million USD credit to Ukraine

The European Bank for Reconstruction and Development is considering granting Ukraine a credit for re-equipment of the Radio Broadcasting, Radio Communication and TV Concern (KRRT), with a view of introducing digital TV, Cabinet press office reported.

The Cabinet of ministers in November 2006 adopted the concept of the state program of digital television introduction.

The project financing by 2015 reaches over 560 million UAH (one USD=5.05 UAH) without considering inflation rate, that is to build the whole network some 60 million UAH is needed annually.