ebrd

Friday, April 4

OKKO will receive over €150M in loans from three Western banks to construct a wind farm.

OKKO will receive over €150M in loans from three Western banks to construct a wind farm. Galnaftogaz (OKKO brand) has agreed to secure €157M in funding for the establishment of a wind farm in Volyn, as reported by the International Finance Corporation. The financing consists of €60M from ...

Tuesday, April 1

The EBRD has assisted the first Ukrainian companies in insuring themselves against war risk.

The EBRD has assisted the first Ukrainian companies in insuring themselves against war risk. Ukrainian companies now have access to a new war risk insurance program launched by the EBRD in collaboration with international insurance firms. This was made possible by the Ukraine Recovery and Rec...

Thursday, March 27

Ukraine will add 30 MW of electricity storage systems, as a Ukrainian bank provides KNESS with a €9.6M loan.

Ukraine will add 30 MW of electricity storage systems, as a Ukrainian bank provides KNESS with a €9.6M loan. Oschadbank has signed an investment loan agreement for nearly six years with international Ukrainian company KNESS in the amount of €9.6M to both finance and refinance the construction and commissioni...

Friday, February 28

The EBRD downgrades Ukraine’s economic growth forecast for 2025, calls for 5% growth in 2026.

The EBRD downgrades Ukraine’s economic growth forecast for 2025, calls for 5% growth in 2026. The EBRD has downgraded its forecast for Ukraine’s economic growth in 2025 to 3.5%. Last September, the bank forecasted growth of 4.7%. It is noted that Ukraine started 2025 with weak economic i...

Thursday, February 27

Naftogaz has secured external financing for gas purchases, and private energy traders are also participating in the importation.

Naftogaz has secured external financing for gas purchases, and private energy traders are also participating in the importation. Naftogaz Group will receive funding from Norway through the EBRD for gas procurement. This financing is part of a broader assistance package designed to bolster Ukraine’s energy security. In tot...

Wednesday, February 12

Ukraine’s largest oil producer wants to build 200 MW of green capacity in addition to gas generation.

Ukraine’s largest oil producer wants to build 200 MW of green capacity in addition to gas generation. Ukrnafta, part of the Naftogaz group, which, with the support of the EBRD, has planned projects to generate energy using its gas, is additionally working to attract investment to build around 200 MW o...

Wednesday, February 5

A 40 MW wind farm will be constructed with backing from a state-owned bank in the Lviv region.

A 40 MW wind farm will be constructed with backing from a state-owned bank in the Lviv region. Oschadbank and the Eco-Optima group of companies have signed several agreements to implement the construction of the Sokalska wind farm in the Lviv region, which will have a total capacity of 39.9 MW....

Tuesday, January 7

The EBRD is partnering with more banks in Ukraine to support local businesses.

The EBRD is partnering with more banks in Ukraine to support local businesses. Today’s signing of a €50M Risk Sharing Framework (RSF) agreement between the EBRD and Credit Agricole Ukraine will enhance the bank’s lending capacity to make loans to a greater number of ...

Tuesday, December 3

A Polish contractor will continue the construction of a waste recycling plant in Lviv with an annual capacity of 240,000 tons.

A Polish contractor will continue the construction of a waste recycling plant in Lviv with an annual capacity of 240,000 tons. Lviv municipal enterprise Green City signed an agreement with Polish contractor Control Process SA to continue the construction of a waste recycling plant in Lviv. The waste recycling project also rec...

Thursday, November 28

The IFC may join the EBRD in financing the construction of a 147 MW wind farm in Volyn.

The IFC may join the EBRD in financing the construction of a 147 MW wind farm in Volyn. On December 10, The World Bank Group’s IFC plans to consider the provision of a €55M loan to Concern Galnaftogaz to finance the construction of a wind farm with a 147 MW capacity in the Volyn re...

Wednesday, November 27

Ukraine’s EU allies are allocating hundreds of millions for energy and military support.

Ukraine’s EU allies are allocating hundreds of millions for energy and military support. On December 4, the EBRD will approve a loan of up to €180M to Ukrzaliznytsia to finance the purchase and installation of equipment for small gas-fired generation with a total capacity of up to 270 MW....

Tuesday, November 26

The EU and the US will provide $112M to the Ukrainian to the private energy holding to restore infrastructure.

The EU and the US will provide $112M to the Ukrainian to the private energy holding to restore infrastructure. The EC is providing €62.8M to the DTEK energy company for equipment and materials needed to restore generation capacity after Russian attacks, and the US government is providing $46.1M to purchase con...

Wednesday, November 20

Since the beginning of the full-scale war, the EBRD has invested €2B in Ukrainian energy and is ready to continue.

Since the beginning of the full-scale war, the EBRD has invested €2B in Ukrainian energy and is ready to continue. EBRD representative Olha Yeromina reported that since the beginning of the full-scale war, the bank has invested approximately €5B in Ukraine and approximately €2B to implement energy projects, partic...

Monday, October 14

Canada will provide Ukraine with a $300M soft loan, and USAID will mobilize another $1.75B to support farmers.

Canada will provide Ukraine with a $300M soft loan, and USAID will mobilize another $1.75B to support farmers. The MoF signed a fourth additional agreement with the Canadian government regarding a CAD 400M ($300M) loan. The loan is for ten years with an annual interest rate of 1.5%. The grace period is 4.5 yea...

Wednesday, October 9

In September, Ukraine received only €10M in foreign aid. How was the budget affected?

In September, Ukraine received only €10M in foreign aid. How was the budget affected? In September, Ukraine received the smallest amount of aid from its international partners since the full-scale war began, a €10M loan from the EBRD, after significant receipts in August ($8.5B). Befor...

Friday, September 13

Ukraine and the EBRD plan to increase investment in energy and infrastructure by €325M.

Ukraine and the EBRD plan to increase investment in energy and infrastructure by €325M. Ukraine and the EBRD discussed the possibilities of expanding investment in energy and infrastructure projects. “With the help of the EBRD, we hope to unblock private investments in renewable en...

Monday, September 9

How is Ukraine preparing for winter in anticipation of new energy sector attacks?

How is Ukraine preparing for winter in anticipation of new energy sector attacks? Russia is preparing for continued missile and drone attacks on Ukraine’s energyinfrastructure, Prime Minister Denys Shmyhal said. At the same time, Ukraine is preparing for the new heating seaso...

Friday, August 16

A global building materials manufacturer has announced its readiness to buy two cement factories in Ukraine.

A global building materials manufacturer has announced its readiness to buy two cement factories in Ukraine. CRH Ukraine announced on the National Securities Commission website its intention to acquire a 99.9775% stake in the authorized capital of Dyckerhoff Cement Ukraine, which owns two cement factories in...

Wednesday, August 14

The EBRD invests $5M in a tree health monitoring company to open a subsidiary in Ukraine.

The EBRD invests $5M in a tree health monitoring company to open a subsidiary in Ukraine. The EBRD invested $5M in shares of Israeli company SeeTree, which specializes in developing software for monitoring the health and productivity of trees. The investment is aimed at creating a subsidia...

Friday, August 2

Ukraine’s largest producer of pet food wants to attract €40M from the EBRD to build a second plant in Lithuania.

Ukraine’s largest producer of pet food wants to attract €40M from the EBRD to build a second plant in Lithuania. On September 11, the EBRD will consider the possibility of granting a €40M loan to the Ukrainian Kormotech Group for the construction of a second plant to produce pet food in Lithuania. The group̵...

Monday, July 29

A Cypriot company buys more than 50% of a Ukrainian insurance company, and an Irish company, CRH, is finalizing the purchase of two cement factories in Ukraine for €100M.

A Cypriot company buys more than 50% of a Ukrainian insurance company, and an Irish company, CRH, is finalizing the purchase of two cement factories in Ukraine for €100M. The Antimonopoly Committee of Ukraine (AMCU) allowed Saggarco Limited (Cyprus) to acquire more than 50% of the shares of the RESPECT insurance company. On April 19, 2024, Saggarco Limited entered into...

Thursday, July 18

The EBRD provides €200M to strengthen Ukraine’s energy security and will help increase the number of Ukrainian projects that are ready to attract foreign investment.

The EBRD provides €200M to strengthen Ukraine’s energy security and will help increase the number of Ukrainian projects that are ready to attract foreign investment. €200M from EBRD will support Naftogaz of Ukraine in creating strategic reserves of natural gas and supporting energy security. The corresponding guarantee agreement was signed by the Minister of Finan...

Thursday, July 4

Ukrnafta will receive a loan from the EBRD and invest $1B in constructing power plants to become a multi-energy company.

Ukrnafta will receive a loan from the EBRD and invest $1B in constructing power plants to become a multi-energy company. Ukrnafta CEO Serhiy Koretskyi said that the company plans to build gas piston installations with a capacity of at least 1,000 MW. For this, the company will use its own funds and borrow funds from Ukr...

Wednesday, July 3

The EBRD identified the state and problems of Ukrainian business.

The EBRD identified the state and problems of Ukrainian business. After two years of full-scale war, most Ukrainian small and medium-sized enterprises (SMEs) managed to stabilize their activities, indicating their high adaptability to war conditions, the EBRD notes ...

Wednesday, June 19

The EBRD will finance 50% of the merger between Ukrainian telecom operators.

The EBRD will finance 50% of the merger between Ukrainian telecom operators. The EBRD will provide $217.5M, half of the $435M allocated jointly with the IFC, to finance the creation of a combined company, Datagroup-Volya and Lifecell, following the completion of the purchase a...

Tuesday, June 18

The EBRD will increase financing to restore Ukraine’s energy system and prepare for winter.

The EBRD will increase financing to restore Ukraine’s energy system and prepare for winter. EBRD President Odile Renaud-Basso said that the bank allocated €300M this month to help state energy companies repair facilities damaged by Russian shelling and build new decentralized energy faciliti...

Friday, June 14

Vitagro seeks €110M to increase its biomethane production capacity, and OKKO will build a biofuel plant with EBRD funds.

Vitagro seeks €110M to increase its biomethane production capacity, and OKKO will build a biofuel plant with EBRD funds. According to Vitagro, by 2030 35 million cubic meters of biomethane will be consumed in the EU. That is why the company invested €6M in a biomethane plant and plans to make additional investments with...

Thursday, June 13

Ukraine and more than 30 international partners have created the Small and Medium Business Sustainability Alliance and will contribute more than €7B.

Ukraine and more than 30 international partners have created the Small and Medium Business Sustainability Alliance and will contribute more than €7B. In particular, Austria, Canada, Estonia, Germany, Japan, Luxembourg, the Netherlands, Norway, Spain, Switzerland, Britain, the EU, the World Bank, USAID, The Council of Europe Development Bank, the EB...

Wednesday, June 12

The EU will provide Ukraine with €517M in reconstruction funding through EBRD programs.

The EU will provide Ukraine with €517M in reconstruction funding through EBRD programs. The EU will guarantee €140M for the EBRD Financial Inclusion Recovery Program. At the same time, the bloc will offer €30M in blended grants and €7M in technical assistance under the wartime SME financ...

Thursday, June 6

The EBRD will provide Ukraine with €300M to restore energy infrastructure and construct new decentralized generation.

The EBRD will provide Ukraine with €300M to restore energy infrastructure and construct new decentralized generation. Ukraine and the EBRD signed a memorandum under which the European Bank will provide €300M to support Ukraine’s energy sector. “This support will help to fulfill our goal – to ensure ...

Tuesday, June 4

Businesses are being offered grants for innovative production and to move their operations to safer regions.

Businesses are being offered grants for innovative production and to move their operations to safer regions. EIT Manufacturing Accelerate is a program that helps scale and accelerate the transformation of industrial start-ups into influential players in the European manufacturing ecosystem. The program suppo...

Thursday, May 30

The EBRD will support Ukraine with €1.5B annual contributions until the end of the war.

The EBRD will support Ukraine with €1.5B annual contributions until the end of the war. The European Bank for Reconstruction and Development has provided €4B in project financing across all sectors of Ukraine’s economy since the beginning of the full-scale invasion and will continu...

Tuesday, May 28

The NBU has downgraded its growth forecast for the Ukrainian economy over losses in the energy sector.

The NBU has downgraded its growth forecast for the Ukrainian economy over losses in the energy sector. The National Bank worsened its 2024 growth forecast for Ukraine’s economy from 3.6% to 3% due to the severe consequences from Russia’s missile attacks on energy infrastructure. The central...

Monday, May 27

The EBRD is developing options for energy assistance to help Ukraine survive next winter.

The EBRD is developing options for energy assistance to help Ukraine survive next winter. The EBRD’s main goal is to increase the energy system’s flexibility and restore heating where Russian strikes destroyed generating capacity, said a senior banker in the EBRD’s energy depar...

How can investors use co-financing to support Ukraine’s private sector?

How can investors use co-financing to support Ukraine’s private sector? Ukraine is coordinating with Development Finance Institutions (DFI) to find a way to support its private sector. A memorandum between the EBRD and DFIs on the Co-financing Platform allows long-term pr...

Friday, May 17

The EBRD will provide ProCredit Bank with a €70M guarantee for lending to Ukrainian businesses.

The EBRD will provide ProCredit Bank with a €70M guarantee for lending to Ukrainian businesses. The European Bank for Reconstruction and Development will provide guarantees for Ukrainian ProCredit Bank sufficient to support €70M in new lending for small and medium-sized enterprises. The EBRD gua...

Thursday, May 16

The EBRD predicts a slowdown in the Ukrainian economy’s growth.

The EBRD predicts a slowdown in the Ukrainian economy’s growth. According to an EBRD forecast, Ukraine’s economy will grow by 3% in 2024 and by 6% in 2025. This pace is lower than the 5.3% rise in 2023 following a sharp drop in 2022 caused by the Russian inv...

Friday, May 10

How big is the national debt, and how much do Ukrainians owe?

How big is the national debt, and how much do Ukrainians owe? According to the Ministry of Finance data, the state’s and state-guaranteed debt as of April 1, 2024, amounts to ₴5.9T ($149B). Since 2020, this amount has increased significantly, mostly due to the f...

Thursday, May 2

The EBRD provides a guarantee to OTP Leasing to finance Ukrainian small and medium-sized enterprises.

The EBRD provides a guarantee to OTP Leasing to finance Ukrainian small and medium-sized enterprises. The guarantee will cover 50% of OTP Leasing’s new subleasing contracts with a total value of up to €80M. Financing will be provided in two tranches of €40M each, the first of which has already been co...

Monday, April 29

Germany is preparing a new Human Capital Coalition with qualified personnel to ensure the reconstruction of Ukraine.

Germany is preparing a new Human Capital Coalition with qualified personnel to ensure the reconstruction of Ukraine. German Development Minister Svenja Schulze said that due to the Russian war of aggression, approximately 11 million Ukrainians are either at the front, displaced within the country, or have been force...

Friday, April 26

A US regional fund is offering Ukrainian entrepreneurs a $15,000 grant to scale up their processing businesses, and the EBRD will provide mentoring support to innovative startups.

A US regional fund is offering Ukrainian entrepreneurs a $15,000 grant to scale up their processing businesses, and the EBRD will provide mentoring support to innovative startups. The Ministry of Economy and American Western NIS Enterprise Fund (WNISEF), whose portfolio is managed by investment company Horizon Capital, have agreed on a grant program for women engaged in busines...

Thursday, April 18

Canada will provide Ukraine $1.2B in military aid and a soft loan of $300M.

Canada will provide Ukraine $1.2B in military aid and a soft loan of $300M. Over five years, Canada will provide CAD 1.6B (about $1.2B) for various lethal and non-lethal military aid packages to Ukraine, according to a project contained within the budget that has been submitt...

Monday, April 15

The EU will provide Ukraine with €3.4B in transition financing and allocate €121M for EBRD recapitalization to increase assistance to Ukraine.

The EU will provide Ukraine with €3.4B in transition financing and allocate €121M for EBRD recapitalization to increase assistance to Ukraine. The EC has made the first €4.5B payment of transitional financing for Ukraine, and the next payment of €1.5B is planned for this month, subject to Ukraine’s compliance with all established conditions....

Thursday, April 11

The EBRD provides a €200M guarantee for business lending.

The EBRD provides a €200M guarantee for business lending. The EBRD has provided Oschadbank with a limit for the portfolio mechanism for risk distribution of €50M. This will generate an additional €200M in new financing for Ukraine’s private sector. The EBRD ...

Friday, March 29

Ukraine’s partners provide tens of millions of euros in guarantees for Ukrainian business lending.

Ukraine’s partners provide tens of millions of euros in guarantees for Ukrainian business lending. The Polish bank BGK and Ukrainian Kredobank signed an addendum to an agreement. Kredobank will receive an additional €10M in EC guarantees for lending to Ukrainian entrepreneurs. These funds will incr...

Friday, March 22

The EBRD plans to invest up to €10B in Ukraine over the next five years,

The EBRD plans to invest up to €10B in Ukraine over the next five years, said EBRD Vice President Jürgen Rigterink. He noted that the EBRD, responding to the crisis caused by the war, is focused on five main areas of Ukrainian support, spread between the private sector and...

Tuesday, February 27

Dragon Capital launched the first stage of an industrial park in the Lviv region – the World Bank has insured the investment.

Dragon Capital launched the first stage of an industrial park in the Lviv region – the World Bank has insured the investment. Investment company Dragon Capital put into operation the first phase of the M10 Lviv Industrial Park – a class A warehouse complex with an area of 14,400 square meters. The industrial park is lo...

Monday, February 19

The EBRD is ready to invest up to €15B in the Ukrainian economy but expects the continuation of reform efforts.

The EBRD is ready to invest up to €15B in the Ukrainian economy but expects the continuation of reform efforts. During the Munich Security Conference, EBRD President Odile Renaud-Basso said that since the start of the war against Ukraine, the EBRD has invested €3.8B in the Ukrainian economy. In the next five ye...

Thursday, February 15

Western aid to Ukraine exceeds the Marshall Plan.

Western aid to Ukraine exceeds the Marshall Plan. The head of the EBRD, Odile Renaud-Basso, in response to criticism, called the support of Ukraine from the West “huge” in terms of the share of support from GDP, and points out that it ove...

Friday, January 26

The EBRD invested €3.8B in Ukraine over two years, exceeding its target.

The EBRD invested €3.8B in Ukraine over two years, exceeding its target. In 2023, the EBRD directed a record amount of €2.1B to Ukraine, and in 2022 – €1.7B. The largest institutional investor in Ukraine, which significantly increased investment after the invasion of...

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