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
Despite the war, businesses are ready to invest in Ukraine. According to a year-end European Business Association survey, Ukraine’s investment attractiveness index decreased slightly to 2.44 points out of a possible five (2.48 points in 2022). The majori... #InvestmentClimatUkraine #InvestmentsinUkraine #UkraineReconstruction #UkraineRestoration
Ukraine plans to privatize a strategic enterprise for reconstruction. At the beginning of 2024, the Cabinet of Ministers may put the Kramatorsk cement plant Pushka up for auction, said Pavlo Kachur, president of the Ukrcement association. The company was included in a l... #CementPlantPushka #CementProduction #PrivatizationUkraine #UkraineCement #UkraineReconstruction
The EIB allocates almost €100M to Ukraine for recovery. The European Investment Bank has assisted the Ukrainian government with €99.6M to reconstruct about 200 facilities in 18 regions. The funds will be used for capital repairs, reconstruction, and constr... #EIB #InvestmentsinUkraine #SupportUkraine #UkraineReconstruction #UkraineRecovery
The volume of completed construction works increased by almost 21% this year. The index of completed construction works in Ukraine increased by 20.4% in January-September compared to last year. The volume of completed construction works during this period in monetary terms reac... #ConstructionUkraine #UkraineEconomy #UkraineReconstruction #UkraineRecovery
A US company will help Ukraine modernize border checkpoints, and the UK will finance the restoration of six bridges. DAI Global LLC signed a subcontract with engineering company Miyamoto International to improve transport and logistics infrastructure and modernize road crossing points on Ukraine’s border. The compan... #BridgesConstruction #CheckPoints #MiyamotoInternational #ModernizationUkraine #UkraineReconstruction
Builders reveal market trends in Ukraine during the war. As reported by the engineering and construction company Rauta, the total losses in the industry amount to more than $150B, with the largest losses suffered by the housing sphere, including stock ($56B... #ConstructionUkraine #HousingMarketUkraine #RealEstateUkraine #UkraineReconstruction #UkraineWarDamages
Reconstruction of Ukraine: Canadian businesses promise support, Latvia provides €5M for the Chernihiv region, and the EC gives €50M for ports. Canadian private business is ready to support Ukraine’s post-war reconstruction, Canadian Trade Minister Mary Angie said. She emphasized that the modernization of the Free Trade Agreement betwee... #CanadaUkraineFreetrade #Chernihiv #MaryAngie #SupportUkraine #UkraineReconstruction #UkraineRecovery
At Rebuild Ukraine in Toronto, Ukraine called on Canadian businesses to invest. The deputy head of the Office of the President of Ukraine, Rostyslav Shurma, said at the conference that Ukraine provides two opportunities for Canadian investors to make money: the first is the recon... #InvestmentsinUkraine #MaryAngie #RebuildUkraine #RostyslavShurma #UkraineReconstruction #YuliyaSvyridenko
Finland supports reforms in Ukraine for EU accession and will prepare the first part of its plan for Ukraine’s recovery. Ukraine’s recovery should take place simultaneously with the reforms being made while on the way to the EU, which Finland is ready to support, said the Minister of Foreign Trade and Development of Fin... #EUexpansion #Finland #SupportUkraine #UkraineReconstruction #VilleTavio
Reconstruction of Ukraine: Canada will hold a conference; the Czech Republic and Taiwan join forces. A business conference devoted to Ukraine’s reconstruction will be held in Toronto, Canada on November 21-22. Participants will present investment projects for Ukraine’s reconstruction and modernizatio... #Canada #Latvia #SupportUkraine #UkraineReconstruction #UkraineRecovery
The G7 will involve the private sector in reconstructing Ukraine and will not release Russian assets until compensation is paid. The Russian Federation must stop its aggression against Ukraine and bear legal responsibility for all its illegal international actions, including compensation for the damages caused to Ukraine, accor... #G7 #RussianAssets #SupportUkraine #UkraineReconstruction #UkraineRecovery
The third rapid assessment of damage from the Russian invasion and needs for recovery has started in Ukraine. Ukraine, together with the World Bank, the European Commission, the UN, and other partners has started joint work on the assessment of RDNA3. It will reflect the consequences of the Russian invasion f... #GevorgSargsyan #OleksandrKubrakov #UkraineReconstruction #UkraineWarDamages
Ukraine needs to attract an additional 4.5 million people for reconstruction. Due to the war and forced migration abroad, the reconstruction of Ukraine will require the involvement of at least 4.5 million additional people. The government plans to solve the problem by encouragi... #RefugeesFromUkraine #RepatriationInUkraine #UkraineReconstruction #UkraineRecovery #YuliyaSvyridenko
To receive €50B in EU aid, Ukraine needs to consider environmental protection during reconstruction. The principles of the New European Bauhaus (a circular economy and green recovery) are included in the conditions for receiving funding from the EU, reported Head of Committee on Local Self-Government... #EnvironmentalPollution #OlenaShulyak #UkraineFacility #UkraineReconstruction #YounousOmarjee
The EU is one step away from using €211B in frozen Russian assets; the aggressor threatens mirror measures. The European Commission will present proposals for the use of revenues from Russia’s sovereign financial assets amounting to €211B that are currently seized in the EU, European Commission Presid... #RussianAssets #RussianAssetsArrested #UkraineReconstruction #UrsulavonderLeyen #VyacheslavVolodin
The UK and Germany are ready to help Ukraine in reconstruction, even before the end of the war. The Ministry of Reconstruction, with the support of the UK government, announced a competition to select Ukrainian communities to help them develop recovery plans within the framework of the joint pro... #JochenFlasbarth #Mykolaiv #SupportUkraine #UkraineReconstruction #UkraineRecovery
International financial organizations will use the State Digital Recovery Management System to monitor reconstruction. The World Bank, the EBRD, the EIB, and the Development Bank of the Council of Europe agreed on a joint approach to procurement in Ukraine. According to the Ministry of Infrastructure, the correspondin... #DREAM #OleksandrKubrakov #ProZorro #UkraineReconstruction
Japan will help Ukraine to restore infrastructure and the agricultural sector. The Minister of Infrastructure, Oleksandr Kubrakov, met with the senior vice president of the Japan International Cooperation Agency (JICA), Naoki Ando. The parties discussed further cooperation withi... #infrastructureUkraine #JICA #NaokiAndo #OleksandrKubrakov #UkraineReconstruction
In half a year, the volume of completed construction works in Ukraine grew by 18.4% to ₴53.2B. The driver of the construction sector’s growth in the first half of the year was engineering structures, where the increase in construction was 34% in annual terms, and non-residential construct... #ConstructionUkraine #HousingConstruction #infrastructureUkraine #RoadConstruction #UkraineReconstruction
The G7 countries have frozen $280B in Russian assets, and Estonia and Britain are preparing to use them. In a joint statement, the G7’s financial bloc pledged to freeze Russia’s assets until it compensates for the losses it’s caused to Ukraine through the war. A working group assigned to quantify f... #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #UkraineReconstruction #WarinUkraine
The US considers aid to Ukraine and Israel a priority and is working hard to use frozen Russian assets. Financial and military support to Ukraine and aid to Israel are priorities for the White House, US Treasury Secretary Janet Yellen said. She emphasized that the White House has made that clear to Cong... #JanetYellen #RussianAssets #RussianAssetsConfiscation #UkraineReconstruction #USsupportsUkraine
All purchases with World Bank funds in Ukraine can now be made through Prozorro. The World Bank has approved using the Prozorro platform for all projects it finances in Ukraine. The Prozorro e-procurement system can be used for national (up to €5M) and international (from €5M) ten... #ProZorro #PurchasesUkraine #UkraineReconstruction #worldbank
Ukraine and its allies will create a digital control system for investments in Ukraine’s reconstruction. Digital technologies will help Ukrainian communities manage their projects and attract investors more effectively, said the chairman of the board of the Rise Ukraine coalition, Oleksiy Dorogan. The US... #DigitalizationOfUkraine #InvestmentsinUkraine #OleksiyDorogan #UkraineReconstruction #UkraineRecovery
The Ministry of Reconstruction has presented an anti-corruption program for rebuilding the country. The Ministry identified 50 key corruption risks and has developed countermeasures to prevent fraud. The risks relate to the reconstruction process, public procurement, management of state-owned enterp... #CorruptionUkraine #fightingcorruption #ReformsinUkraine #UkraineReconstruction
Sweden and Estonia are ready to support investment in Ukraine and the country’s reconstruction. The Swedish government proposes the allocation of SEK 333M for special export credit guarantees for companies that trade with Ukraine. The Export Credit Agency of Sweden will cover the guarantees for ... #ExportCreditAgency #InvestmentsinUkraine #KredEx #UkraineReconstruction #YuliyaSvyridenko
About 2,500 Polish companies want to rebuild Ukraine. Despite martial law and risk of missile and drone attack, about 600 Polish companies remain at work in Ukraine, paying taxes and supporting social initiatives. Some are already planning to expand thei... #AndrzejDuda #CommonFuture #JadwigaEmilewicz #PolandUkraine #PolishBusiness #UkraineReconstruction
US companies are interested in investing in the reconstruction of Ukraine under certain conditions. Penny Pritzker, the US Special Representative for Ukraine’s Economic Recovery, said these conditions center on reforms in the accountability and transparency in Ukraine. “The key task is t... #InvestmentsinUkraine #PennyPritzker #UkraineReconstruction #UkraineRecovery
Funding of the state budget, recovery, and the €50B Plan for Ukraine have been discussed at the Multi-Agency Donor Coordination Platform. On September 26, the sixth meeting of the Steering Committee of the Platform of Donors for Ukraine was held in Brussels. Minister of Finance of Ukraine Serhiy Marchenko emphasized that the need for in... #OleksandrKubrakov #SerhiyMarchenko #UkraineFacility #UkraineReconstruction #YuliyaSvyridenko
Ukraine, Turkey, and Japan have agreed to work together on reconstruction. During the Turkish-Ukrainian-Japanese business forum in Istanbul, the three parties launched a unique cooperation format aimed at implementing joint projects to restore Ukraine, including its critical... #infrastructureUkraine #TurkeyUkraine #UkraineandJapan #UkraineReconstruction #VasylBodnar
International institutions are involved in the reconstruction of Ukraine’s housing sector, and the country has the capacity to produce 80% of the necessary building materials. According to Olena Shulyak, head of the Parliamentary Committee on Urban Planning, the World Bank is considering working with a compensation mechanism for destroyed housing. The UNITED24 platform has ... #BuildingMaterials #HousingConstruction #OlenaShulyak #UkraineReconstruction
Reconstruction of Ukraine will take place according to EU standards. This includes, in particular, that construction materials produced by Ukrainian manufacturers must comply with EU standards and characteristics, said Olena Shulyak, head of the parliamentary committee... #ConstructionMaterialsUkraine #ConstructionUkraine #ConstructionWaste #OlenaShulyak #UkraineReconstruction
The EU is preparing the 12th package of sanctions against Russia. In October, EU member states will start discussions on a new package of sanctions against Russia, including a ban on diamond trade, writes Bloomberg. The publication’s sources suggest that the E... #RussianAssets #RussianCentralBank #Russiandiamonds #SanctionsAgainstRussia #UkraineReconstruction
American businesses are ready to invest in the reconstruction of Ukraine. The Ministry of Economy of Ukraine held a management meeting with representatives of the International Association of Stable Operations (ISOA) and leading American companies. Deputy Minister of Econom... #InvestmentsinUkraine #ISOA #NadiyaBigun #UkraineReconstruction #USinvestments
Domestic vs. Western companies: To whom are Ukrainians ready to entrust the post-war reconstruction of Ukraine? According to Ukrainians, large private, Western companies and banks can effectively, and without corruption, carry out the post-war reconstruction of their country. More than 28% of respondents trust ... #CorruptionUkraine #SociologicalSurvey #UkraineReconstruction #UkraineRecovery
Japan and Luxembourg will cooperate with businesses and reconstruction of Ukraine. Prime Minister Denys Shmyhal met with Japanese Minister of Foreign Affairs Yoshimasa Hayashi and representatives from Japanese companies. According to Shmyhal, Japan’s big business is interested... #DenysShmyhal #FranzFayot #JapanAidForUkraine #LuxembourgAidForUkraine #UkraineReconstruction #YoshimasaHayashi
Ukraine spent UAH 60B on rapid reconstruction and offers a special mechanism for attracting funding for the country’s reconstruction. Prime Minister of Ukraine Denys Shmyhal stated at the Yalta European Strategy forum that more than UAH 60B has already been allocated for Ukraine’s rapid rebuilding. This included funds for demi... #DenysShmyhal #RussianAssetsConfiscation #UkraineReconstruction #UkraineRecovery #YaltaConference
Ukraine will receive $232M for emergency housing repairs under the World Bank’s HOPE project. On September 5, a corresponding agreement was signed between the Ministry of Finance of Ukraine and the World Bank within the Housing Repair for People’s Empowerment – HOPE project with a ... #HOPEproject #HousingDamagesUkraine #HousingRepairs #UkraineReconstruction
The government has presented the needs and priorities of economic recovery within the Ukraine Facility program. As noted by the Ministry of Economy, the Ukraine Facility program will become the foundation for Ukraine’s recovery and European integration and ensure the state’s internal transformation,... #EUprogramForUkraine #OleksiySobolev #UkraineFacility #UkraineReconstruction #UkraineRecovery
Ukrainians will receive $232M from the World Bank for urgent home repairs. These funds will reimburse the costs of repairs for 98,000 individual houses and 8,000 families in 160 apartment buildings from five regions that were affected by the Russian Federation’s invasi... #HousingDamagesUkraine #UkraineReconstruction #worldbank
Ukraine can attract trillions of dollars of investment, but it must compete. Today, many foreign investors are interested in building their businesses in Ukraine. This is facilitated by Ukraine’s global popularity thanks its robust resistance in the full-scale war and tr... #DenysShemyakin #InvestmentsinUkraine #UkraineReconstruction
The Netherlands will subsidize Ukraine’s reconstruction. The Dutch government has opened a grant program for both Dutch and international companies as well as public associations. This applies to those organizations that want to restore Ukraine, the Netherl... #InvestmentsinUkraine #NetherlandsAid #UkraineReconstruction #UkraineRecovery
