The cost of restoring Ukraine will be at least 200% higher than the previous $157B estimate. The head of the Parliamentary Committee on Urban Development, Olena Shulyak, noted that according to preliminary estimates, more than 50% of Ukraine’s housing stock was destroyed or damaged, and... #OlenaShulyak #UkraineDamages #UkraineReconstruction #UkraineRecovery #WarinUkraine
Ukraine’s allies are investing tens of millions of dollars in its restoration: Here are latest contributions. In 2024, the Norwegian government plans to allocate about $23.6M (NRK 250M) to investments in Ukraine. Capital provided through Norfund will reduce risks for companies investing in Ukraine, particular... #EIB #ifc #investments #KfW #Norway #UkraineReconstruction #worldbank
The process of rebuilding Ukraine will become more transparent. A newly adopted draft law, which obliges publishing the prices of building materials in all public procurements, is an essential anti-corruption step to ensure more transparent use of budget funds and... #Anticorruption #BuildingMaterials #investments #RecoveryPlan #UkraineReconstruction
Spain prevents Hungary from buying a railway company because of its importance to Ukraine. Spain has blocked the purchase by a Hungarian company of a Madrid-based train manufacturer. As the FT writes, Madrid vetoed the €619M purchase of Talgo because of the company’s ability to help r... #EuroTrack #Hungary #Spain #Talgo #UkraineReconstruction #UkrainianRailways
The free trade agreement between Ukraine and Turkey will contribute to attracting investment and reconstruction. The Ukrainian Ambassador to Turkey, Vasyl Bodnar, said that because of the free trade agreement with Turkey, Ukrainian manufacturers will have access to the Turkish market, which tends to be more clos... #FreeTradeAgreement #InvestmentsinUkraine #Turkey #UkraineEconomy #UkraineReconstruction #UkraineTrade #VasylBodnar
What international practices should Ukraine borrow for its reconstruction? Although Ukraine’s actual war losses are twice as high as those of some other countries following military conflicts and global cataclysms in recent decades, it can effectively use these countri... #UkraineReconstruction #UkraineRecovery #UkraineWarDamages #WarinUkraine
Ukrainian companies, with sufficient investment, can produce 90% of the building materials that will be needed for reconstructing Ukraine. According to the KSE, Ukrainian manufacturers can potentially produce 90% of the building materials needed to rebuild the country. About $65B will be needed for these building materials. Currently, th... #BuildingMaterials #CityOneDevelopment #EFIgroup #investments #Kingspan #UkraineReconstruction
Ukraine increased its cement production by 25% against the background of its looming reconstruction needs. According to the results from January-June, enterprises of the Ukrcement association increased their cement production by 24.4% compared to the same period in 2023 – up to 3.799 million tons, the asso... #BuildingMaterials #CementProduction #ConstructionUkraine #UkraineReconstruction #Ukrcement
Ukraine will now allow foreign companies to build large facilities in Ukraine without additional licenses. The Cabinet of Ministers amended a resolution, opening the possibility for representative offices of foreign companies and organizations in Ukraine to engage in the construction of large facilities. T... #BuildingUkraine #ConstructioninUkraine #ForeignInvestor #infrastructureUkraine #UkraineReconstruction
Up to 20% of Ukraine’s construction market is comprised of commercial real estate restoration projects, said Andriy Ozeychuk, director of the engineering and construction company, Rauta. “Despite the risks of war, the owners of most of the destroyed commercial properties are investing in their rec... #CommercialRealEstate #ConstructionUkraine #Rauta #UkraineReconstruction
Ukraine’s partners allocate hundreds of millions for reconstruction and preparation for the coming winter. The government of Belgium agreed to provide €150M in financing for Ukrainian reconstruction projects. Part of the funds will be directed to restoring energy and social infrastructure in the Kyiv and C... #Belgium #EnergyRestore #Germany #Latvia #Okhmatdyt #UkraineReconstruction #UkraineRecovery
Ukraine suffers from a shortage of building materials; industry professionals offer ways to solve the problem. The CEO of Konstruktiv, a company distributor of building materials, Volodymyr Horoshchuk, said that due to the war and the need for reconstruction, the company faces a critical question: Where can th... #Azovstal #BuildingMaterials #ConstructionUkraine #Knauf #UkraineReconstruction
A new maritime industrial park is planned to be opened in Mykolaiv that will bring the city ₴180M in tax revenue. One of the basic components of Mykolaiv’s post-war reconstruction is the creation of a marine industrial park. This project was presented through the Measures for Economic Growth program, financed by ... #IndustrialParks #investments #Mykolaiv #UkraineReconstruction #UkraineShipBuilding
The EIB is strengthening its support for Ukraine’s recovery and economic development. The European Investment Bank has announced several support programs at URC2024 in Berlin. The EIB Group is preparing two programs to restore Ukraine’s housing stock. The first is a €230M initiat... #EIB #HousingModernization #UkraineReconstruction #UkraineRecovery #URC2024
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... #ebrd #financialaidforUkraine #GrantsforUkraine #UkraineReconstruction #UkraineRecovery
Metinvest is resuming investment and will focus on green metallurgy during Ukraine’s reconstruction. After the war, Metinvest will produce green steel at modernized production facilities that reduce the environmental burden, said the company’s top manager, Oleksandr Myronenko. With the start of... #GreenMetallurgy #investments #Metinvest #OleksandrMyronenko #UkraineDevelopment #UkraineReconstruction
NATO considers Ukraine’s victory in the war against the Russian Federation its main task. NATO countries will participate in Ukraine’s reconstruction and development of its security and defense infrastructure, but for now, the most urgent task is to support Ukraine in its fight again... #JensStoltenberg #NATOUkraine #SupportUkraine #UkraineReconstruction #WarinUkraine
The largest producer of building materials in North America and Europe has invested $80M in Ukraine during the war. The CRH group of companies, the largest producer of construction materials in North America and Europe, has invested $80M in Ukraine since the full-scale invasion began, said the president of CRH in C... #BuildingMaterials #BuzziUnicem #CementProduction #CRH #GuillaumeCavalier #InvestmentsinUkraine #UkraineReconstruction
Ukraine is working on new housing modernization and studying the EU’s experience. The Ukrainian Parliament is studying the possibility of using European experience to solve the problem of its outdated housing stock – in particular, small-scale Khrushchevka apartment housing, ... #HousingModernization #ModernizationUkraine #OlenaShulyak #RealEstateUkraine #UkraineReconstruction
Ukraine’s allies should introduce a duty on imported Russian goods to compensate Ukraine for war damages. Partner countries should introduce a special duty on the import of Russian or Russian-related oil and other products and transfer the money to a compensation fund for damages caused to Ukraine, accord... #CompensationForUkraine #ReparationsForUkraine #RussianAssetsConfiscation #UkraineReconstruction #UkraineWarDamages #WarLosses
Despite the war, Kyiv International Airport seeks to attract potential investors. What conditions are considered? According to Volodymyr Kudak, the general manager of Master-Avia, the Kyiv Airport’s operating company, “We are trying to attract potential investors to develop the airport and grow its potentia... #investments #InvestmentsinUkraine #KyivAirport #MasterAvia #Ukraineairspace #UkraineReconstruction
The Ukrainian government predicts the improvement of key macroeconomic indicators and economic growth, whether the war ends in 2024 or drags on longer. The Ministry of Economy notes that, despite all the difficulties caused by the war, the positive dynamics of key macroeconomic indicators are evidence of the economy’s adaptation to wartime cond... #GDPinUkraine #UkraineEconomicForecast #UkraineEconomy #UkraineReconstruction #WarinUkraine
Ukraine increases its purchases of flat-rolled products by 24%; the trend will continue due to reconstruction. In January-March, Ukraine imported 208,250 tons of flat-rolled products, which is 24.3% more than in 2023. Import costs increased by 16.4% to $232.5M. Turkey, Poland, Slovakia, and Italy were the larg... #FlatRolledProducts #RolledSteel #UkraineImports #UkraineReconstruction #Ukrainianmetallurgy
Denmark will additionally allocate about €420M to rebuild Ukraine and develop a green energy sector. Ukraine and Denmark signed a memorandum that provides for cooperation with the private sector through the Ukraine Facility mechanism with a system of loans and guarantees within the framework of the E... #DenmarkUkraine #GreenENergy #UkraineFacility #UkraineReconstruction #UkraineRecovery
The EIB has developed a program for the green restoration of damaged buildings in Ukraine with a budget of €230M. “The program of energy-efficient restoration has been fully calculated, its budget is €230M, of which the pilot phase is €30M. We will work comprehensively with entire houses,” EIB representative Oksa... #EIB #EnergyEfficient #HousingDamagesUkraine #RebuildUkraine #UkraineReconstruction
Ukraine’s allies provide billions of euros to support Ukraine’s energy industry and reconstruction. The UK allocated more than €173.9M to strengthen Ukraine’s energy sector. In addition, this year Kyiv will receive €560M from the EIB for energy, transport infrastructure, and housing reconstruc... #EIB #EnergyEquipment #energyukraine #SupportUkraine #UkraineReconstruction #UkraineRecovery #Ukrenergo
The EU has set up an investment structure within the framework of the Ukraine Facility, which will help attract up to €40B to rebuild Ukraine. The EU created the Ukrainian Framework Investment Instrument, a financial lever and a component of the €50B Ukrainian Fund, with the aim of stimulating public and private investment for the recovery o... #EUaidforUkraine #InvestmentsinUkraine #UkraineFacility #UkraineReconstruction #UkraineRecovery
ArcelorMittal Construction is investing €40M in the production of construction materials to rebuild Ukraine. ArcelorMittal Construction, the world leader in construction solutions, will build a modern production facility in Ukraine to support restoration works with an investment of €40M. Through its subsidia... #ArcelorMittal #BuildingMaterials #ConstructionMaterialsUkraine #InvestmentsinUkraine #UkraineInvest #UkraineReconstruction
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... #CanadaAId #ebrd #imf #LoansForUkraine #MilitaryAidforUkraine #UkraineReconstruction
Ukraine will need $24.5B annually to produce building materials for reconstruction. Volodymyr Vlasyuk, an industry expert, said that as of November 2022, Ukraine needed more than $62.8B to purchase and produce building materials for its reconstruction. However, at that time, the amou... #BuildingMaterials #ConstructionMaterialsUkraine #RebuildUkraine #UkraineReconstruction #VolodymyrVlasyuk
Germany is handing over urgently needed Patriot systems to Ukraine, Norway is preparing 22 F-16 fighter jets, and Britain is considering testing laser weapons in Ukraine. Germany announced the urgent transfer of one additional Patriot air defense system to Ukraine. In addition, Norway received permission from the US to transfer 22 F-16 aircraft to Ukraine, along with t... #AirDefenseSystems #DragonFire #F16 #GrantShapps #LaserWeapons #MilitaryAidforUkraine #PatriotSystems #SupportUkraine #UkraineReconstruction
Switzerland plans to provide $5.5B for Ukraine’s reconstruction through 2036, and Luxembourg directs €50M to the reconstruction of Kryvyi Rih. The Federal Council of Switzerland has approved a financing plan that extends to 2036 for Ukraine’s recovery in the amount of ₣5B ($5.5B). The plan must still be approved by the country’s parlia... #KryvyiRih #Luxembourg #RefugeesFromUkraine #SupportUkraine #Switzerland #UkraineReconstruction #UkraineRecovery
Germany will help Ukraine to create an analog of its recovery bank and has increased interest in the Ukrainian energy market. The German government approved a set of measures to support the reconstruction of Ukraine. One of them is the creation of an analog of the German reconstruction bank KfW, based on the Entrepreneurship... #energyukraine #KfW #SEFE #UkraineReconstruction #UkraineRecovery
Germany will mobilize the private sector to rebuild Ukraine, and Italy will form a list of interested companies. On April 10, the German government will consider a comprehensive document on the mobilization of private sector resources for Ukraine’s restoration, the Ministry of Economic Development of Germany rep... #Germany #InvestmentsinUkraine #ItalyAidforUkraine #SupportUkraine #UkraineReconstruction #UkraineRecovery
Estonia has provided €10M in guarantees to the EIB fund for Ukraine. The European Investment Bank and Estonia signed a contribution agreement, according to which Estonia provides €10M to the EU for Ukraine Fund. The fund, launched by the EIB in 2023, is part of a large... #EIB #Estonia #EU4U #SupportUkraine #UkraineFund #UkraineReconstruction
Ukraine’s partners are planning its reconstruction: A Turkish task force will pay a visit, and Korea is providing $2.1B in soft loans. In the coming weeks, a Turkish group led by the Minister of Trade of Turkey, Omer Bolat, plans to visit Ukraine and determine priority projects that can be undertaken by companies that are not yet pre... #OmerBolat #PreferentialLoans #SupportUkraine #UkraineReconstruction #VasylBodnar
One Ukrainian state bank will be reorganized into a bank for reconstruction. To accumulate and distribute resources for reconstruction, Ukraine needs to create a specialized state development bank (created by reformatting one of the five state banks), which will be removed fro... #DanyloHetmantsev #UkraineReconstruction #UkraineRecovery #Ukreximbank #ukrgazbank
Swedish businesses will expand their presence in Ukraine, and Finnish business agencies will open a representative office in Kyiv. The Swedish business community is interested in increasing its presence in Ukraine and developing cooperation with Ukrainian companies in high-tech industries, energy, telecommunications, and cyber se... #EbbaBusch #GermanGalushchenko #NuclearEnergyUkraine #UkraineReconstruction #YuliyaSvyridenko
The largest shopping center will be built in the Kyiv region. A new shopping and entertainment center, the Bucha Gallery, will be built in Bucha, Kyiv. It will be built on the site of the Epicentr hypermarket destroyed by the invaders, said the mayor of Bucha, A... #BuchaGallery #Construction #EpicentrK #ShoppingMallsUkraine #UkraineReconstruction #UkraineRecovery
BlackRock expects to attract $15B from investors to reconstruct Ukraine through a reconstruction bank. According to Philipp Hildebrand, VP of the BlackRock investment company, the Development Fund of Ukraine will be composed of at least $500M from countries, development banks, and other grant providers... #BlackRock #ForeignInvestor #InvestmentsinUkraine #PhilippHildebrand #UkraineReconstruction #UkraineRecovery
The restoration of Ukraine will cost $1T, and private businesses are braced for it. According to EIB estimates, more than $1T in public and private capital may be spent restoring Ukraine. However, there is already an approximate plan of action. The Turkish Onur Group repairs blown-up... #Bayer #Fixit #OnurGroup #UkraineReconstruction #UkraineRecovery
Finnish energy and construction companies will join Ukraine’s recovery, and Lithuania will allocate €5M to reconstruct social infrastructure. As reported by the Ministry of Infrastructure, during a meeting of government officials from Ukraine and Finland with Finnish businesses, discussions were held regarding cooperation in energy security... #FinlandaidforUkraine #GintareSkaiste #SupportUkraine #UkraineReconstruction #UkraineRecovery
Ukraine needs $9.5B in financing for priority recovery items; Ukraine’s partners are already working on mechanisms. The government has said that Ukraine needs $9.5B in external funding for priority recovery needs in 2024. To that end, the US State Department and the German Marshall Fund (GMF) have announced the cre... #InvestmentsinUkraine #KyriakosMitsotakis #OdesaRecovery #SupportUkraine #UkraineReconstruction #UkraineRecovery
The EU will reserve profits from the Russian Federation’s frozen assets for Ukraine’s recovery. The Council of the EU adopted decisions and regulatory rules defining the obligations of EU Central Securities Depositories (CSDs) that are holding frozen assets and reserves belonging to the Central ... #RussianAssetsArrested #RussianAssetsProfits #RussianCentralBank #UkraineFund #UkraineReconstruction
Ukraine Reconstruction Forum in Istanbul brings its first results. On January 31, the Forum on the Reconstruction of Ukraine brought increases to the trade potential between Turkey and Ukraine, said Minister of Infrastructure Oleksandr Kubrakov. He added that “We hav... #IstanbulMeeting #OleksandrKubrakov #TurkishBusiness #UkraineReconstruction #УкраїнаТуреччина
Western analysts calculate the procedure and cost of rebuilding Ukraine after the war. Vast regions of war-torn and occupied territories will require significant demining, The Hill notes, which will include clearing farmland, fields, and neighborhoods of deadly bombs, roadblocks, and la... #DeminingUkraine #UkraineReconstruction #UkraineRecovery #UkraineWarDamages #WarinUkraine #worldbank
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... #ebrd #investments #InvestmentsinUkraine #UkraineReconstruction
Ukraine will need $10-$15B aid annually after the war, said Deputy Head of the Office of the President Rostyslav Shurma at the Ukrainian House in Davos. However, according to Shurma, this need can be satisfied if Ukraine receives frozen Russian assets cur... #DmytroKuleba #Euroclear #ReparationsForUkraine #RostyslavShurma #RussianAssetsConfiscation #UkraineReconstruction #UkraineRecovery
The frozen assets belonging to the Russian Federation will cover 80% of Ukraine’s reconstruction needs. Minister of Foreign Affairs Dmytro Kuleba said that Ukraine will definitely receive money for post-war reconstruction from frozen Russian Federation assets. The minister hopes these funds will arrive ... #DmytroKuleba #EnvironmentalDamage #ReparationsForUkraine #RussianAssetsConfiscation #UkraineReconstruction #UkraineWarDamages
Japanese businesses will join Ukraine’s reconstruction. The Prime Minister of Ukraine and the Minister of Foreign Affairs of Japan, Yoko Kamikawa, discussed several cooperative prospects between the countries. On the agenda: support for the Peace Formula o... #DenysShmyhal #JapanandUkraine #UkraineReconstruction #YokoKamikawa
