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
Korean companies will receive state support during Ukraine’s reconstruction. The South Korean government will support state and private companies in restoring Ukraine’s destroyed transport infrastructure and energy sector, the Korea Times writes. Hyundai Engineering &... #BoryspilAirport #InvestmentsinUkraine #SouthKoreaAid #UkraineENergySystem #UkraineReconstruction
The Austrian investor in the Respublika Park shopping center plans to participate in reconstructing Ukraine. According to the Austrian company’s director, Vasyl Tolstunov, Trafin is currently working on several new investment projects for implementation in Ukraine. The company wants to expand its comme... #InvestmentsinUkraine #RespublikaPark #Trafin #UkraineReconstruction #VasylTolstunov
South Korea is preparing to participate in Ukraine’s reconstruction. In preparation for this, the country allowed thirty businessmen to visit Ukraine to approve possible reconstruction projects, reports Yonhap. Many Korean companies are expected to visit the country to... #SouthKoreaAid #UkraineReconstruction #WonHeeRyong #YoonSukYeol
The G7 has highlighted their expectations for investment in the reconstruction of Ukraine. The ambassadors of the Group of Seven nations have identified the steps and reforms that are expected from Ukraine in preparation for the post-war reconstruction of the country and the arrival of West... #DenysShmyhal #G7 #InvestmentsinUkraine #ReformsinUkraine #UkraineReconstruction
Kovalska invests €42M in producing aerated concrete blocks and panels. Industrial and construction group Kovalska received a €27M loan from Invest International to make environmentally friendly aerated concrete blocks and panels in Rozvadov, Lviv region, said CEO Serhii ... #AeratedConcreteBlocks #KovalskaGroup #KovalskaInvestments #UkraineReconstruction
Finland is preparing for Ukraine’s reconstruction. The Minister of Foreign Trade and Development, Ville Tavio, has been instructed to develop a plan for Finland’s participation in Ukraine’s reconstruction. According to Finland’s government... #FinlandaidforUkraine #UkraineReconstruction #UkraineRecovery #VilleTavio
Sweden will allocate €522.6M for restoration projects in Ukraine. The Swedish government presented a cooperation strategy for reconstruction and reforms in Ukraine for 2023-2027, and plans to allocate 6B Swedish kroner (€522.6M) for reconstruction projects, reported... #JohanForssell #SwedenUkraine #UkraineReconstruction #UkraineRecovery
Hyundai will help to rebuild and expand Kyiv Boryspil airport. Hyundai Engineering & Construction (Hyundai E&C) will join Ukraine’s post-war reconstruction of Ukraine. The company signed a corresponding agreement with representatives of the Boryspil... #BoryspilAirport #Hyundai #UkraineReconstruction #UkraineRecovery
South Korea is increasing its aid to Ukraine to $150M. South Korean President Yoon Suk Yeol made the corresponding announcement following a meeting with President Volodymyr Zelenskyy in Kyiv. Korea plans to allocate funds for the infrastructure restoratio... #KakhovkaHPP #SouthKoreaAid #UkraineReconstruction #YoonSukYeol #Zelenskyy
Ukraine is preparing a recovery plan based on the €50B promised by the EU. The Government of Ukraine has started preparing a recovery, reconstruction, and modernization plan (Ukraine Plan), which is necessary to receive financial assistance from the EU after 2023, the Minist... #EUfinancialAid #UkraineReconstruction #UkraineRecovery #YuliyaSvyridenko
Ukraine’s largest producer of construction materials has bought its own fleet. The Kovalska industrial and construction group acquired several companies and equipment to develop its mining of river sand on the Dnipro and Desna rivers. According to the company, quarries with lice... #ConstructionMaterialsUkraine #KovalskaGroup #SandMining #UkraineReconstruction
The Export Credit Agency of Poland can join the war risk insurance program. Ukraine and Poland discussed the inclusion of the Polish Export Credit Agency (KUKE) in war risk insurance. According to the Ministry of Economy this was discussed during a meeting between Deputy Mini... #InvestmentsinUkraine #JadwigaEmilewicz #KUKE #MilitaryRiskInsurance #TarasKachka #UkraineReconstruction
The EU will tax profits on frozen Russian Central Bank assets. EU leaders are backing plans that would impose a windfall tax on profits generated by more than €200B in Russian Central Bank assets to aid Ukraine’s reconstruction and will seek political support fro... #RussianAssetsConfiscation #RussianCentralBank #UkraineReconstruction #UrsulavonderLeyen
Germany opposes the plan to transfer profits from frozen Russian assets to Ukraine. Germany has spoken out against the European Commission’s plan to give Ukraine profits from frozen Russian assets, saying the hasty move could cause legal or financial risks. According to the FT,... #MarcoBuschmann #ReparationsForUkraine #RussianAssets #RussianCentralBank #UkraineReconstruction
Ukraine is preparing a mechanism for confiscating $500B in Russian assets frozen by the West. During the speech at URC2023, Ukrainian Prime Minister Denys Shmyhal said Ukraine proposes to create a universal system under which the internationally recognized aggressor will pay for its crimes. Th... #ConferenceLondon2023 #DenysShmyhal #RussianAssets #UkraineReconstruction #UkraineRecovery #UkraineRecoveryConference
The EU is preparing a plan to transfer revenues from frozen Russian Federation assets to Ukraine. The President of the European Commission, Ursula von der Leyen, promised to present it before the “summer vacation” at the Conference on the Reconstruction of Ukraine in London. She noted ... #financialaidforUkraine #RussianAssets #RussianAssetsConfiscation #UkraineReconstruction #UkraineRecovery #UrsulavonderLeyen
Ukraine will present a transparent recovery project reporting system in London. During the Ukraine Recovery Conference 2023 in London, the Ministry of Recovery will present 45 projects with international structures, as well as a plan for the unification of procedures, digitizatio... #OleksandrKubrakov #UkraineReconstruction #UkraineRecovery #UkraineRecoveryConference
Ukraine will spend UAH 11B on priority reconstruction projects, and more than UAH 1.5B will be allocated to the Kakhovka HPP disaster. At an external meeting in the Kherson region, the Government decided to provide UAH 6.6B ($180M) from the Fund for the Elimination of the Consequences of Armed Aggression for the implementation of ove... #CompensationForUkraine #DenysShmyhal #KakhovkaHPP #UkraineReconstruction #UkraineRecovery
Ukrainians consider corruption to be the main risk in rebuilding the country. 73% of Ukrainians and 80% of business representatives are most concerned about the resumption of corruption schemes in the reconstruction process. In addition, according to Transparency International ... #CorruptioninUkraine #UkraineReconstruction #UkraineRecovery
For the first time in Ukraine, a village destroyed in the war will be rebuilt from scratch. The restoration agency presented the restoration concept for the village of Posad-Pokrovske near Kherson. “This is the first step on the way to the implementation of our ambitious project to res... #MustafaNayem #PosadPokrovske #UkraineReconstruction #WarDamage
The largest Ukrainian shopping mall, Ocean Plaza, will be privatized, and the proceeds will be directed to Ukraine’s restoration. The Cabinet of Ministers has transferred the state’s share of the Ocean Plaza shopping and entertainment center to the State Property Fund (SPFU). In addition, the government has ordered its assets to... #ArkadyRotenberg #OceanPlaza #PrivatizationinUkraine #StatePropertyFund #UkraineReconstruction
The Ministry of Reconstruction has explained where the money to rebuild the country will come from. According to the Minister of Reconstruction of Ukraine, Oleksandr Kubrakov, half of the reconstruction’s financing should be covered by the seized assets from the Russian Federation. Partners will fun... #OleksandrKubrakov #ReparationsfromRussia #UkraineReconstruction #UkraineRecovery
Ukraine’s industrial post-war recovery will occur with eco-modernization and emission reduction. The Ukrainian Parliament adopted the draft law, On Ensuring the Constitutional Rights of Citizens to an Environment Safe for Life and Health. The legislation will enable the implementation of European... #EcoModernization #IndustrialPollution #RuslanStrilets #UkraineReconstruction
Ukraine will join the Development Bank of the Council of Europe. The Ukrainian parliament adopted a law to allow Ukraine to become a member of the CEB, which will contribute to developing new housing and social infrastructure programs and provide opportunities to a... #CEB #UkraineJoiningTheCEB #UkraineReconstruction
The Minister of Finance of Ukraine met with representatives of the World Bank, IMF, and IFC to discuss funding for the reconstruction. Serhii Marchenko discussed this during the meetings of the member countries of the IMF and the World Bank in Montenegro. He reminded the participants that Ukraine needs $14.1B for recovery this year i... #AntonellaBassani #InvestmentsinUkraine #SerhiyMarchenko #UkraineReconstruction #UkraineRecovery
Domestic manufacturers of building materials will be able to fully provide Ukraine’s post-war reconstruction needs, said one of the heads of the USAID project Economic Support of Eastern Ukraine, Brian Milakovsky, commenting on the USAID study. He emphasized that Ukrainian manufacturers should play a leading role i... #BrianMilakovsky #BuildingMaterials #UkraineReconstruction #UkraineRecovery
An American software developer will help Ukraine with the defense sector and reconstruction. The Ministry of Digital Transformation and Palantir signed a memorandum of collaboration that involves the use of Palantir technologies, particularly in assessing damage to buildings and infrastructur... #AlexKarp #DigitalizationOfUkraine #Palantir #UkraineDefenseSector #UkraineReconstruction
The UN gives an estimate for the cost of restoring Ukraine and the economic forecast for the world economy. The UN has estimated that the amount needed to restore Ukraine’s infrastructure is already $411B. The organization’s report notes that despite financial assistance from international organ... #GlobalEconomy #UkraineReconstruction #UnitedNations #WarinUkraine #WorldEconomyForecast
Ukraine lacks $6.5B for rapid reconstruction, said Minister of Finance Serhii Marchenko. He notes that of the $14B needed for rapid reconstruction, $3.3B is already in the budget. There are also stated intentions of partners to finance these costs. In particular, the US will allocate $2.3... #financialaidforUkraine #SerhiyMarchenko #UkraineReconstruction #UkraineRecovery
The US has approved the transfer of a Russian oligarch’s confiscated assets to Ukraine. For the first time, the United States authorized the confiscation of the assets of a Russian oligarch with their subsequent transfer to be applied to the restoration of Ukraine. The FT writes about th... #KonstantinMalofeev #MerrickGarland #RussianAssets #UkraineReconstruction
The European Commission has legal grounds to use the assets of the Russian Federation for the reconstruction of Ukraine. According to spokesperson Christian Wiegand, the European Commission has confirmed that it has developed legally acceptable options for the use of Russian assets, both private and state, for Ukraine’s... #ChristianWiegand #RussianAssets #RussianCentralBank #SanctionsAgainstRussia #UkraineReconstruction
The Ukrainian government presents a guide for investors in Ukraine. To create new opportunities for investors, the involvement of which will accelerate the country’s reconstruction and the recovery of key economic sectors, Ukrainian authorities agreed on investment gu... #MilitaryRiskInsurance #UkraineInvestments #UkraineReconstruction #UkraineRecovery
At the Lugano Business Forum on May 11-12, participating businesses will discuss Ukraine’s reconstruction. Lugano, Switzerland is where the Conference on the Reconstruction of Ukraine was held in July 2022 and will host the first Lugano Business Forum on May 11-12. The forum will gather representatives fro... #LuganoBusinessForum #UkraineInvestments #UkraineReconstruction #UkraineRecovery
Germany will provide an additional €111M for Ukraine’s reconstruction. Federal State Secretary Johann Flasbart arrived in Kyiv yesterday and discussed Germany’s next aid package with Deputy Prime Minister Iryna Vereshchuk and Minister of Finance Serhiy Marchenko. The Ger... #IrynaVereshchuk #JohannFlasbart #UkraineReconstruction
Ukraine wants domestic companies to carry out 60% of all restoration work. After the war, it will be necessary to provide preferential loans to local businesses involved in producing building materials needed for reconstruction, said the head of the parliamentary committee o... #BuildingMaterials #OlenaShulyak #UkraineReconstruction
