May 17, 2004. /Lesprom Network/. Ukrainian Osnova concern was granted a credit of $8,675 million by Raiffeisen bank Ukraine for 3 years, Osnova public-affairs reported. The funds will be allocated for the acquisition of new equipment for new production lines, production modernization and the payment of corporate arrears. A total of $50 million required for the production facilities modernization. Osnova concern (Kiev) was established in 1999. Osnova is composed by 35 enterprises, including Zhidachevsky pulp and paper enterprise, Izmailsky pulp and paper enterprise, Zhidachevsky paper mill, Vtorma group of companies, Promles group of companies.