European businesses will invest in rebuilding Ukraine through the UIF.

Friday, November 15, 2024
European businesses will invest in rebuilding Ukraine through the UIF.

At the first EU-Ukraine Investment Conference in Warsaw, the EU called on European companies to invest in Ukraine’s restoration and reconstruction. Interested European companies can submit their proposals by March 1, 2025. They will be considered and linked to investment projects financed by the Ukraine Investment Framework (UIF), an integral part of the EU Ukraine Facility mechanism with a budget of €50B. By encouraging business partnerships and the participation of the EU’s private sector in Ukraine’s reconstruction, the EU promotes Ukraine’s further integration into the bloc’s single market. Minister of Economy Yuliya Svyridenko emphasized that the war is not an embargo on investment, and it is necessary to unite efforts around the restoration of Ukraine without waiting for the war to end. The Plan for Ukraine and the Strategic Guidelines of the UIF identify key priority economic sectors that require direct foreign investment to support Ukraine’s socio-economic recovery. These are energy, processing of critical minerals and resources, the processing and manufacturing industries, construction materials, information technology, digital transformation, transport, and export logistics.

 

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