Norwegian Norfund has identified priority areas for €14.5M in investment in Ukraine.

Ukrainian leadership from the Ministry of Finance held a working meeting with representatives of the Norwegian Norfund investment fund, during which they discussed opportunities for Ukraine’s recovery. The fund plans to focus on supporting growth in the Ukrainian private sector, creating jobs, and increasing economic resilience, particularly in the territories affected by Russian hostilities.

Norfund’s priorities include financing renewable energy projects to boost Ukraine’s energy independence, investing in production with export potential, agriculture, the banking sector, and infrastructure reconstruction. The investment fund recently began its work in Ukraine and is currently forming its team and exploring potential areas for investment.

The Norwegian government will allocate NOK 250M (€14.48M) for Norfund’s investment in Ukraine. The fund has also received authorization from the Norwegian government to invest in Ukraine through the Nansen Support Program, which will mitigate risks for companies investing in Ukraine, including Norwegian enterprises.