ebrd

Thursday, May 12

The EBRD will allocate €50M to Ukrenergo for support liquidity. The European Bank for Reconstruction and Development (EBRD) and Ukrainian authorities have agreed on repurposing part of an existing loan to Ukrenergo, the country’s electricity transmission company, ...

Wednesday, May 11

The EBRD has downgraded Ukraine’s economic downturn in 2022 and improved its outlook for 2023. The European Bank for Reconstruction and Development (EBRD) has downgraded the forecast for Ukraine’s economic decline due to the war to 30%, while at the end of March, the forecast was minus 20...

The capital of Ukraine needs €70M to repair the damage from the Russian bombings. More than €70M will be required to rebuild Kyiv from the effects of the Russian war against Ukraine, said the Mayor of Kyiv Vitaliy Klitschko. He noted that this estimate considers Russia’s military ...

Tuesday, April 5

The EBRD suspends all funding for Russian and Belarusian projects. The European Bank for Reconstruction and Development is moving ahead with its plans to exclude the Russian Federation and Belarus from receiving funding for projects. The EBRD Board of Governors has ...

Friday, April 1

Ukraine’s economy will shrink by a fifth this year. According to the European Bank for Reconstruction and Development, Ukraine’s economy will shrink by a fifth this year and then recover in 2023 if everything goes according to the scenario of a c...

Monday, March 14

The EBRD moves forward with action against Russia and Belarus. The Board of Directors of the European Bank for Reconstruction and Development has agreed with a management proposal to take steps in responding to the Russian-led invasion of Ukraine. Governors will...

Thursday, March 10

EBRD unveils the €2B resilience package in response to the war on Ukraine. The European Bank for Reconstruction and Development (EBRD) has announced an initial €2B resilience package of measures to help citizens, companies, and countries affected by the war on Ukraine. Fund...

Thursday, February 3

The Ministry of Finance discussed the privatization of state-owned banks with the EBRD. The Minister of Finance, Serhiy Marchenko, met with the head of the EBRD, Matteo Patrone, to discuss the financing of joint investment projects for 2022. These projects include the privatization of O...

Thursday, December 30

The EBRD to finance the construction of a new hub for Nova Poshta. The bank and Nova Poshta have signed a €13 mln loan agreement to finance the company’s expansion. The loan will be used to build an innovative, automated sorting hub in the south-central Ukraini...

Monday, December 27

The EBRD has launched a new €75 mln loan program through Raiffeisen Bank Aval. The program will boost the availability of funding for Ukrainian micro, small and medium-sized enterprises (MSMEs). According to the EBRD press release, at least 30% of the funds will be used to finan...

Thursday, December 23

EBRD, IFC to help structure the first PPP projects in Ukraine’s road sector. The EBRD and the IFC will work with the Ukrainian government to attract private-sector investment and improve the country’s infrastructure while creating jobs and accelerating economic recovery. Accor...

Friday, December 17

EBRD approves €190 mln tranche for Ukraine’s road agency. Encouraged by steps taken by Ukraine’s state road agency Ukravtodor, the Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new €190 million loan tr...

Thursday, December 9

The European Bank for Reconstruction and Development (EBRD) will invest $50 mln to develop industrial and logistics real estate in Ukraine. The EBRD will finance Dragon Capital Investments Ltd in its development and management of industrial and logistics real estate. The decision to allocate funding to the EBRD Board of Directors will be ...

Monday, November 29

The European Bank for Reconstruction and Development (EBRD) will finance decarbonization projects in Ukraine. The Minister of Energy, Herman Galushchenko, met with the leadership of the EBRD, announced the Ministry of Energy press service. During the meeting, parties discussed the prospects of EBRD investment...

Friday, November 26

The Ukraine Prime Minister and EBRD delegation discussed the creation of stock market infrastructure in Ukraine. Denys Shmyhal and representatives of the EBRD have discussed the creation of a quality stock market infrastructure in Ukraine, the strengthening of the banking sector and the implementation reported g...

Thursday, November 25

The Mayor of Lviv will meet with EBRD Vice Presidents Alan Pius and Mark Bowman to discuss building a plant to manufacture electric vehicles. “We are strengthening our relationship with the European Bank for Reconstruction and Development”, said the Mayor of Lviv, Andriy Sadovyi. “We already have nine successful projects that have made it p...

Wednesday, November 24

Ukraine is implementing 8 EBRD projects worth € 1.68 bln, announced the finance minister, Serhiy Marchenko, at a meeting with the newly appointed EBRD Vice President for Policy and Partnership, Mark Bowman. During the meeting, the issues of the current state...

Friday, November 5

EBRD expects Ukraine’s economy to grow by 3.5 % in both 2021 and 2022, said a press release of the bank. Growth in 2021 will be fueled by a rich grain harvest and the continued normalization of business activities, though slow progress on reform and rollout of the Covid-...

Thursday, November 4

Ministry of Finance to invest ₴124.1 bln ($4.72 bln) in the development of road networks in 2022. The announcement was subject to receiving syndicated finance from the EBRD to: reconstruct the Kyiv Odesa highway (M-05); construction of the northern bypass of Lviv and Ternopil; reconstruction of a ...

ProCredit Bank has joined the EBRD-EU4Business Small and Medium Business Support Program by signing a Loan Agreement with the EBRD. The program is a joint EU-EBRD initiative to assist Ukrainian small and medium-sized enterprises (SMEs) in financing their sustainable investments in technol...

Thursday, October 21

EBRD and IFC to invest in the modernization of the Black Sea port of Chornomorsk. Both financial institutions are supporting the Ministry of Infrastructure of Ukraine and the Ukrainian Sea Ports Authority in structuring and tendering a public-private partnership (PPP) to modernize ...

Thursday, September 16

The EBRD launched the Climate Innovation Vouchers Programm as an innovative instrument to allow Ukrainian companies, from climate technology developers to those who seek to use them to reduce their impact on the environment or reduce energy costs, to finance ...

Thursday, August 12

Next month, a $100 million, 33-silo grain handling terminal is to be completed at Odesa port , reports Ports of Ukraine news site. Partly financed by the EBRD and constructed by Brooklyn-Kiev and Louis Dreyfus Company, the Franco-Dutch food processing firm, the complex will launch Brooklyn-Ki...

Monday, May 17

Ukrposhta has posted on ProZorro a tender for a partner in construction of a $50 million modern sorting center in Kyiv. This will be the first such construction by the state postal operator in 42 years, Ukrposhta director Igor Smelyansky wrote on Facebook. Ukrposhta is undertaking a decade long logistic renovation prog...

Tuesday, April 27

On the 35th anniversary of the Chornobyl nuclear fire, President Zelenskiy yesterday inaugurated a €448 million nuclear waste repository. Located near the shuttered nuclear power plant, the unit is “the largest dry spent fuel storage facility in the world” according to the EBRD which coordinated donation from OECD countries. Designed to...

Tuesday, April 20

The EBRD is lending the hryvnia equivalent of $65 million to Datagroup, a fast growing telecommunications company, to buy Volia , Ukraine’s leading pay-TV and cable broadband service, the bank announced yesterday in a press release. With a majority of shares owned by the fund, Horizon Capital, Datagroup calls itself a leading ...

The EBRD is also lending $57 million to the Kernel Group to improve the storage, transportation and export of agricultural commodities , the bank reported in a press release. The loan is part of a $200 million syndication arranged by French investment bank Natixis for Kernel, the world’s leading producer and exporter of sunflow...

Wednesday, April 14

The new engines account for half of a €170 million upgrade of the state company’s fleet . Work is to be done at the Ukrainian Danube’s Kiliya shipyard, about 50 km down river from the company headquarters in Izmail, Odessa. The company is talking to the EBRD and the Belgian government ab...

Friday, April 2

To promote ‘green’ energy efficient commercial real estate, the EBRD is lending Dragon Capital $12.5 million for construction on Grand Business Center and two warehouses, one in Brovary and one in Kharkiv. Last July, Grand Business Center became Kyiv’s first office building to receive a sustainability certificate under the Building Research Establishment Environmental ...

Tuesday, March 30

With the EBRD loaning €450 million for the renovation of the southern half of the Kyiv-Odesa highway and the Lviv northern bypass, the multilateral bank and Ukravtodor are implementing EU-standard anti-corruption standards, Ukravtodor Chairman Oleksandr Kubrakov said during a recent meeting with Matteo Patrone, the EBRD’s regional director. “Together with the EBRD we plan a number of systemic reforms in the industry: fro...

Thursday, January 21

Ukraine wants to be a major producer and supplier of hydrogen to the EU Ukraine wants to be a major producer and supplier of hydrogen to the EU, largely by using its existing east-west gas pipeline system, Prime Minister Shmygal told an interdepartmental group on coordina...

Ukraine should adopt fair, free, and clear market rules to take advantage of the growing investment boom in renewables, Maxim Timchenko, CEO of DTEK, Ukraine should adopt fair, free, and clear market rules to take advantage of the growing investment boom in renewables, Maxim Timchenko, CEO of DTEK, wrote Monday in a World Economic Forum essay title...

Ukraine’s February 1 re-imposition of price controls on gas “ Ukraine’s February 1 re-imposition of price controls on gas “can be called a big step backwards,” warns Janez Kopač, a Slovenian politician who directs the Energy Community Secretariat, the organizati...

Gazprom’s Nord Stream 2 Pipeline Faces Fresh Setbacks Gazprom’s Nord Stream 2 Pipeline Faces Fresh Setbacks, headlines Bloomberg. The US placed sanctions Tuesday on the Russian pipeline vessel. At the Senate, Antony Blinken, President Biden’s nominee for...

Ukraine is preparing to introduce ‘passports’ attesting to vaccinations against Covid-19 Ukraine is preparing to introduce ‘passports’ attesting to vaccinations against Covid-19, Viktor Liashko, Ukraine’s chief sanitary doctor, tells Ukraina 24 TV. Everyone who is vaccinated will be regis...

About half of Ukrainians say they will not take a coronavirus vaccine even if it is free About half of Ukrainians say they will not take a coronavirus vaccine even if it is free. Rating polling group found that 52% of 1,600 adults interviewed last week would turn down a free vaccination. ...

The EBRD The EBRD invested nearly $1 billion in Ukraine last year, making Ukraine the third largest recipient of funds, after Turkey and Egypt. The development bank makes loans in 38 countries. “We are particu...

Highlights are: Highlights are:

With unpaid debts to solar and wind power producers tarnishing Ukraine’s investment image, With unpaid debts to solar and wind power producers tarnishing Ukraine’s investment image, Prime Minister Shmygal yesterday instructed his government to prepare ‘green bonds’ to repay the debt. He tol...

On Monday, energy regulators decided on a 50:50 split on a $360 million loan from state banks to Ukrenergo On Monday, energy regulators decided on a 50:50 split on a $360 million loan from state banks to Ukrenergo, the state power transmission operator. Coming from Ukreximbank, Oschadbank and Ukrgasbank, h...

Europe’s Green Deal is part of a global trend that Ukraine can only ignore at its peril, Europe’s Green Deal is part of a global trend that Ukraine can only ignore at its peril, acting Energy Ministry Yuriy Vitrenko warned in an essay posted on his ministry’s website. If Ukraine drags its...

In Washington yesterday evening, President Biden signed an executive order allowing the United States to rejoin the 2016 Paris Agreement In Washington yesterday evening, President Biden signed an executive order allowing the United States to rejoin the 2016 Paris Agreement. The agreement sets goals to cut greenhouse gas emissions to sl...

President Zelenskiy invited President Biden to Kyiv, a city he visited five times as Vice President. President Zelenskiy invited President Biden to Kyiv, a city he visited five times as Vice President. “Watching the inauguration of the new U.S. President,” Ukraine’s President tweeted yesterday. “I wi...

Thursday, August 13

President Zelenskiy signed a law creating the legal and regulatory framework for President Zelenskiy signed a law creating the legal and regulatory framework for derivatives – the financial instrument that helps to provide hedging opportunities against prices, interest rates or cu...

Timur Khromaev, head of the Commission, said of the derivatives law: “I Timur Khromaev, head of the Commission, said of the derivatives law: “It represents a big step forward in creating the conditions in which our economy can move to a more sophisticated stage of develop...

The day after President Zelenkiy signed the law legalizing gambling, Parimatch, the largest betting company in Ukraine, announced that it will bid for hotel casino licenses in Ukraine. The day after President Zelenkiy signed the law legalizing gambling, Parimatch, the largest betting company in Ukraine, announced that it will bid for hotel casino licenses in Ukraine. Founded in Kyiv...

The Finance Ministry raised the equivalent of $366 million in its weekly government bond auction Tuesday – virtually the same amount as one week earlier. The Finance Ministry raised the equivalent of $366 million in its weekly government bond auction Tuesday – virtually the same amount as one week earlier. To keep, hryvnia rates from rising, the Minist...

Concorde Capital’s Evgeniya Akhtyrko concludes: Concorde Capital’s Evgeniya Akhtyrko concludes: “There is no improvement in the sentiments of the broader circle of market players regarding the risk level of UAH debt at the moment.”

Planes left Kyiv Sikorsky Airport half full last month Planes left Kyiv Sikorsky Airport half full last month. In July, Kyiv’s right bank airport handled 1,314 flights — 48% the number of flights of one year earlier. But the number of passengers was...

SkyUp Airlines returned in July to 50% of its pre-coronavirus traffic levels. SkyUp Airlines returned in July to 50% of its pre-coronavirus traffic levels. Operating 704 domestic and international flights from Kyiv Boryspil, the low cost airline carried 96,407 passengers in Jul...