News

EBRD provide a loan $ 50 million to grain trader Nibulon for grain logistics development

Leading grain trader "Nibulon" will direct investment and EBRD to create a new infrastructure and increase exports. The EBRD contributes to the development of grain logistics in Ukraine by increasing the capacity of inland waterways and creating the appropriate infrastructure.

A loan of $ 50 million will help the Nibulon Group, one of the largest grain exporters in Ukraine, to improve logistics solutions and increase the volume of cargo transportation by inland waterways to 4 million tons per year, and to increase grain exports to 8 million tons per year . The financing will consist of an "A" loan of up to $ 40 million provided by the EBRD and a "B" loan of up to $ 10 million, which will be syndicated by commercial banks.

More and more Canadians use payday loans

According to the Financial Consumer Agency, the number of people using payday lender's help is increasing rapidly. A lot of people apply for loans not having a clear picture of their high costs. Only 40% of borrowers understand that this is the most expensive option to choose when you are in a trouble.

Rules on payday loans will be reviewed by White House budget director

After some customers informed about the lenders' traps, the Financial Protection Bureau ordered to review the short-term rules. According to the regulations, payday lenders should determine whether a person can afford to pay a high-interest, short-term loan back in full within one month. The rules also make an accent on the number of loans one borrower can apply for.

The Jubilee Debt Campaign is launching a campaign to cancel the debts of British consumers

The move that started with the aim to get the household borrowing returns reached the level of the situation, which reminds the beginning of the financial crisis. According to the Financial agency, over 3 million UK credit card holders were in debt and handed about 2.50 in interest and charges for every 1 repaid of their loan. The help of the Jubilee Debt Campaign will be significant as it has already helped 35 highly indebted nations since 2000.