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
The G7+ leaders adopt a declaration on the rebuilding of Ukraine. The leaders of the G7 and more than 30 partner countries, as well as the EU, adopted a Joint Declaration to support Ukraine’s recovery and reconstruction, providing further military, economic, a... #G7 #ReparationsForUkraine #RussianAssetsProfits #SupportUkraine #UkraineRecovery #UkraineWarDamages
The volume of completed construction work in Ukraine has increased by 37.1%. According to the first half of 2024’s results, the index of completed construction works in Ukraine increased by 37.1% compared to the same period in 2023. According to the State Statistics Serv... #BuildingUkraine #ConstructionUkraine #RealEstateUkraine #UkraineEconomy #UkraineRecovery
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
What prevents foreign companies from investing in Ukrainian industrial parks? Almost all investors interested in locating production facilities in industrial parks are Ukrainian companies. The share of Ukrainian investors in the total industrial park investment structure is alm... #ForeignInvestor #IndustrialPark #investments #InvestmentsinUkraine #UkraineRecovery
The US proposes a plan for Ukraine’s economic recovery. During her last visit to Kyiv as the US Special Representative for Ukraine’s Economic Recovery, Penny Pritzker evaluated the concept of Ukraine’s economic recovery and announced five components ... #EuropeanIntegration #investments #PennyPritzker #ReformsinUkraine #UkraineEconomy #UkraineRecovery
Japan has already provided Ukraine with $6.3B since the beginning of the invasion: The Ministry of Finance anticipates continued support. The Minister of Finance of Ukraine, Serhii Marchenko, stated: “Ukraine is systematically strengthening its financial capacity, increasing the internal revenues of the state budget. At the same t... #financialaidforUkraine #imf #Japan #SerhiyMarchenko #SupportUkraine #UkraineBudget2024 #UkraineRecovery
The NBU has simplified access of foreign investors to instruments for rebuilding Ukraine. The National Bank of Ukraine has adopted a decision that will allow foreign investors to get direct access to marketable debt instruments aimed at Ukraine’s recovery. Starting on July 24, the li... #ForeignInvestor #InvestmentsinUkraine #nbu #UkraineRecovery #UkraineSecurities
Kuleba tells the EU ministers the five steps for urgent assistance to Ukraine’s energy sector. During a meeting of the Council of Foreign Ministers of the EU, Minister of Foreign Affairs Dmytro Kuleba called on Ukraine’s partners to intensify the protection and restoration of the country&... #DmytroKuleba #EnergyRestore #energyukraine #RussianMilitaryTargets #UkraineRecovery
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
Russian oligarchs might be offer to provide money for Ukraine’s reconstruction in exchange for the lifting of individual sanctions. The cost of financing the post-war rebuilding of Ukraine, which exceeds $500B, requires the study of numerous financing mechanisms. Additional funds can be provided by the creation of a new type of di... #IndividualSanctions #InvestmentsinUkraine #RussianAssets #RussianOligarchs #UkraineRecovery
The IMF published a pessimistic scenario for Ukraine’s economy the war becomes protracted. The IMF’s negative scenario assumes that the war will end by the end of 2025 (compared to the end of 2024 in the baseline scenario) and that the shock will start in the third quarter of 2024. Th... #imf #UkraineEconomicForecast #UkraineEconomy #UkraineRecovery #WarinUkraine
Ukraine will install up to 1 GW of gas-fired distributed generation urgently, and DTEK Energy will direct all funds to restore TPPs. It is realistic to install up to 1 GW of gas-fired power generation in Ukraine, according to Deputy Minister of Energy Mykola Kolisnyk. “Several tens of megawatts have already been installed, an... #Denmark #DTEK #ElectricityGeneration #EnergyRestore #energyukraine #UBNnetwork #UkraineRecovery
The EIB is preparing a pilot project to finance social housing construction in Ukraine and will provide €400M. According to EIB representative Grzegorz Gajda, the initiative will be accompanied by an EU grant contribution. “As part of the project, social housing will be developed in several cities in Ukr... #EIB #HousingConstruction #RealEstateUkraine #RentalHousing #SocialHousing #UkraineRecovery
Foreign investors entering Ukraine’s reconstruction market will bring their own specialists; this will increase the cost of projects. The Ukrainian construction industry suffers from a shortage of personnel, so developers have started to raise salaries. Experts note that “attracting migrants was and still is standard practice,... #ConstructionUkraine #ForeignInvestor #labormigrants #UkraineLaborMarket #UkraineRecovery
The Ukrainian economy grew by 6.5% in the first quarter, reaching almost 82% of its pre-war level. According to the results from the first quarter of 2024, Ukraine’s real GDP increased by 6.5% compared to the same period last year, according to the State Statistical Service. A year earlier, a... #GDPinUkraine #UkraineEconomicForecast #UkraineEconomy #UkraineRecovery
By the end of the year, Ukraine needs another $9.5B for urgent recovery. According to the Ministry of Finance, Ukraine needs another $9.5B this year to finance its priority recovery needs. In particular, the money is needed for the defense industry, the energy system, rest... #financialaidforUkraine #SupportUkraine #UkraineBudget2024 #UkraineFacility #UkraineRecovery
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... #ebrd #EnergyRestore #energyukraine #OdileRenaudBasso #UkraineRecovery
The US announced $1.5B for Ukraine’s energy sector at the Peace Summit. During a meeting with Volodymyr Zelenskyy in Switzerland, US Vice President Kamala Harris announced a new energy aid package to be provided by USAID and the State Department. In particular, USAID is p... #KamalaHarris #PeaceSummit #SupportUkraine #UkraineEnergy #UkraineRecovery #USAID
URC2024 results: G7+ will provide $1B in aid to Ukraine’s energy sector, and projects worth €16B announced at the conference. At a high-level meeting of the G7+ Coordination Group on Aid to Ukraine’s Energy Sector in Berlin, Ukraine’s allies announced additional aid for Ukraine’s energy sector totaling more than ... #EnergySupportFund #energyukraine #G7 #SupportUkraine #UkraineRecovery #URC2024
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
Should Ukraine open its land market for EU citizens? According to Dmytro Lyvch, co-founder of the Center for Economic Recovery, allowing EU citizens and legal entities to enter the Ukrainian land market will benefit both foreigners and Ukrainians. This ... #AgroLand #ForeignInvestor #InvestmentsinUkraine #LandMarketUkraine #UkraineRecovery
The EC will create an equity fund to promote Ukraine’s recovery. German Chancellor Olaf Scholz reported that his country and its European partners are already defining decisive guidelines and essential prerequisites for Ukraine’s successful recovery. “Recover... #Germany #OlafScholz #UkraineRecovery #URC2024
The US special representative for Ukraine’s economic recovery explains why foreign businesses should invest in Ukraine. Despite the war, Ukraine has great potential for foreign investment right now, backed by security guarantees from the West, US Special Representative for Ukraine’s Economic Recovery Penny Pritzker sai... #Foreigninvestments #InvestmentsinUkraine #PennyPritzker #UkraineRecovery #URC2024
In Berlin, Ukraine presented a $27B investment guide, and the EU launched the Ukraine Investment Framework. The Ministry of Economy of Ukraine presented its Investment Guide at the URC2024 in Berlin. The guide contains a detailed overview of key sectors – energy, transport and logistics, the agro-indu... #investments #UkraineFacility #UkraineInvestmentFramework #UkraineRecovery #URC2024 #YuliyaSvyridenko
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
Allies are investing in the restoration of Ukrainian energy and critical infrastructure. France will allocate €200M to enterprises that will invest in restoring Ukraine’s critical infrastructure, with €60M of these funds directed to the Ukrainian energy sector, French President Emma... #EmmanuelMacron #EnergySupportFund #energyukraine #SupportUkraine #UkraineRecovery
Ukrainian government and businesses are working to restore the energy facilities that was destroyed by the Russians. As a result of shelling, Ukraine lost 50% of its power generation capacity. Prime Minister Denys Shmyhal noted that 42 thermal power units were destroyed, 27% of large TPPs are working, 73% are curren... #DenysShmyhal #ElectricityImport #UkraineEnergy #UkraineEnergyLosses #UkraineRecovery #UkrainianRailways
The World Bank has provided Ukraine with $34B in direct budget support and will help modernize its housing policy according to EU standards. According to the Ministry of Finance, since the beginning of the full-scale invasion $34B in direct budget support has been obtained within the framework of World Bank mechanisms. In 2022-2023, five n... #HousingModernization #SupportUkraine #UkraineBudget2024 #UkraineRecovery #worldbank
Ukraine needs an external financing plan until 2027. To overcome macroeconomic risks and maintain macroeconomic stability, Ukraine and its partners from the Donor Coordination Platform must develop a long-term strategy for external financing and support... #financialaidforUkraine #ReformsinUkraine #UkraineBudget2024 #UkraineEconomy #UkraineRecovery
The Cabinet of Ministers of Ukraine approved a change plan with 200 reforms for 2024. The Cabinet of Ministers approved the Reform Matrix, a change plan that includes officially approved recommendations from international partners. The matrix was created with the assistance of the Worl... #ReforminUkraine #UkraineEconomy #UkraineFacility #UkraineRecovery #worldbank
Ukraine’s allies are working on another option for financing aid – a “reparation loan.” In addition to confiscating Russian assets or lending money to Kyiv using these assets, there is a third option – a so-called reparation loan. Under this approach, Ukraine could borrow money fro... #LeeC.Buchheit #ReparationLoan #ReparationsForUkraine #RussianAssets #UkraineRecovery
One of Ukraine’s regions will be rebuilt according to the concept of a blue economy. Projects in Mykolaiv are being developed to make the city a center of the blue economy during the post-war reconstruction, said Mayor Oleksandr Sienkevych at the Blue Summit. As he explained, the blue... #blacksea #BlueEconomy #Mykolaiv #OleksandrSienkevych #ShipBuilding #UkraineRecovery
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... #ebrd #RebuildingUkraine #RepatriationInUkraine #SvenjaSchulze #UkraineRecovery #UNICEF
Borrell insists on directing 90% of the income from the Russian Federation’s assets to Ukraine. The EU’s high representative, Josep Borrell, said that 90% of the proceeds from the Russian Federation’s frozen assets should be directed to the European Peace Fund, which purchases weapon... #EuropeanPeaceFund #JosepBorrell #RussianAssetsConfiscation #RussianAssetsProfits #SupportUkraine #UkraineRecovery
Japan will expand its presence in the Ukrainian investment market and open an office in Kyiv. Japan plans to increase its presence in the Ukrainian investment market, in particular, the country intends to expand its business ties in the field of investment and trade; the country will open an o... #InvestmentsinUkraine #Japan #JETRO #UkraineRecovery
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
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
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.... #ebrd #EUfinancialAid #UkraineFacility #UkraineRecovery #ValdisDombrovskis
An American bank provides a $156M loan for new UZ locomotives. The Export-Import Bank of the US approved the decision to issue a loan to purchase 40 locomotives manufactured by the American company Wabtec to reinforce the Ukrainian Railways (UZ) fleet. The financ... #EXIMbankUS #LocomotivesforUZ #UkraineRecovery #UkrainianRailways #Wabtec #YevhenLyashchenko
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
The US is preparing to transfer $5-8B of Russian assets for the reconstruction of Ukraine. Congress is preparing a bipartisan bill that would allow the confiscation of $5-8B of the Russian Federation’s sovereign assets that are currently under the US’ jurisdiction and use them t... #MikeJohnson #RussianAssets #RussianAssetsConfiscation #UkraineRecovery #UScongress
How is Denmark helping to rebuild Ukraine? Recently, Denmark has become a leading provider of commercial support to Ukraine. The Danish government has done this through a fund that provides various commercial financing tools and reduces risk f... #DenmarkSupportUkraine #EIFO #IFU #InsuranceUkraine #InvestmentsinUkraine #UkraineRecovery
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
Liberalizing the land market will move Ukraine $20B toward restoring its agricultural sector. Liberalization of the agricultural land market and increased transparency can bring $35B to Ukraine’s budget. This could close the current deficit of more than $20B in agricultural recovery fina... #AgroLand #FarmLand #LandMarketUkraine #Landreformukraine #UkraineEconomy #UkraineRecovery
Metinvest plans to invest in Ukraine’s reconstruction, but there are obstacles. The general director of the Metinvest group, Yuriy Ryzhenkov, says the expansion of logistics capabilities, currency liberalization, and transparent rules for booking employees are important condition... #investments #InvestmentsinUkraine #Metinvest #UkraineRecovery #YuriyRyzhenkov
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
