Polish businesses sign agreements to rebuild Ukraine at the Common Future Congress on the Reconstruction of Ukraine in Poland.

Friday, October 11, 2024
Polish businesses sign agreements to rebuild Ukraine at the Common Future Congress on the Reconstruction of Ukraine in Poland.

Several agreements were signed by the Ministry of Funds and Regional Policy of Poland and BGK, a Polish state development bank, which provide for the establishment of a PLN 250M ($65M) special fund to support Polish small and medium-sized enterprises that want to participate in Ukraine’s reconstruction.

Support for various ongoing business opportunities, such as acquiring real estate and equipment is expected. Within the project’s framework long-term loans of up to PLN 10M ($2.5M) with low interest rates will be made available. This mechanism should be operational in 2025.

Two more agreements were concluded between BGK, PrivatBank, and Kredobank, each for €10M. European funds will provide bank guarantees for projects related to the reconstruction of Ukraine’s energy capabilities.

The forum also discussed the creation of a Polish fund, which will become a driving force for Polish companies that will use the European Ukraine Facility program.

 

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