The US State Department has announced four economic assistance packages for Ukraine and established an economic recovery working group. The US will provide Ukraine with a new financial assistance package worth about $437M, Deputy Secretary of State and Acting US Special Representative for Economic Recovery for Ukraine Richard Verma sa... #RichardVerma #SupportUkraine #UkraineRecovery #USaidforUkraine
The EU will continue to assist Ukraine’s energy sector; the Energy Support Fund has already accumulated over €900M. The EC will continue to provide all the necessary support to Ukraine’s energy sector – not only in the winter but also in the future, said Mechthild Wörsdörfer, deputy director general for the E... #EnergyRestore #EnergySupportFund #energyukraine #MechthildWörsdörfer #UkraineRecovery
France wants to be part of the logistics, energy, and telecommunications recovery in Ukraine. France is committed to facilitating the participation of French companies and other stakeholders in Ukraine’s reconstruction. In addition to concessional loans, export insurance, and military ri... #DTEK #ElectronicCommunications #Energoatom #France #SaarstahlRail #Telecommunication #UkraineRecovery #UkrainianRailways
ITF Results: logistical ties with the EU, increased port capacity, and an infrastructure recovery fund. Deputy Prime Minister for Recovery Oleksiy Kuleba stated during the International Transport Forum (ITF) that Ukraine is doing everything necessary to integrate into the European transport space and is... #DenysShmyhal #ITF #OleksiyKuleba #TransportInfrastructure #UkraineRecovery
Ukrainians want their country to regain its nuclear status more than they desire NATO membership. After the war’s end, among the main priorities for the state’s development, Ukrainians include the restoration of the state’s nuclear status in the top three most desired priorities,... #EuropeanIntegration #NATO #NuclearStatusUkraine #RepatriationInUkraine #UkraineEconomy #UkraineRecovery
Ukraine and Denmark will introduce an investment acceleration mechanism. The Ukrainian Ministry of Economy, following the Danish-Ukrainian Business Forum, reported: “Ukraine needs to increase private investment for the rapid recovery of our economy. Today, we signed ... #Denmark #EIFO #investments #MortenBødskov #UkraineRecovery
The Netherlands will provide grants of up to €4M to joint Ukrainian recovery ventures. The Netherlands Enterprise Agency (RVO) has launched a partnership program with Ukraine to restore the Ukrainian economy. In particular, a subsidy program will support Dutch companies and civil societ... #Chernihiv #GrantsforUkraine #Latvia #Netherlands #UkraineReconstruction #UkraineRecovery
Zelenskyy presents an internal sustainability plan to the Ukrainian Parliament. The plan contains 10 points that address issues of unity, human capital, and cultural sovereignty. Zelenskyy plans to present the full version of the plan together with its annexes next month. These a... #SustainabilityPlan #UkraineDevelopment #UkraineEconomy #UkraineRecovery #UkrainianParliament #Zelenskyy
Ukraine presents an investment portfolio of green projects worth $78B. At the UN COP29 International Climate Conference, Deputy Minister of Economy Andrii Telyupa presented the Ukrainian National Energy and Climate Plan (NECP), which was developed and approved in less th... #CircularEconomy #ClimateNeutrality #COP29 #GreenEnergyUkraine #investments #RESinvestments #UkraineRecovery
Ukraine will receive financial support from the World Bank, the EU, and Finland. Ukraine will obtain soft loans totaling over $1B from the World Bank and €150M from the EU. “Within the framework of this agreement, the money will be directed to the restoration of the port inf... #DenysShmyhal #EnvironmentalProtection #financialaidforUkraine #Finland #UkraineRecovery #worldbank
Ukraine is working on a social housing project and plans to build 6,200 apartments this year; this is necessary for Ukrainians to return. The pilot project from Ukraine’s Reconstruction Agency to provide social housing will begin this year. It envisages the construction of 6,200 apartments, the head of the agency, Serhiy Sukhomlyn... #RebuildUkraine #RepatriationInUkraine #SerhiySukhomlyn #SocialHousing #UkraineRecovery
European businesses will invest in rebuilding Ukraine through the UIF. At the first EU-Ukraine Investment Conference in Warsaw, the EU called on European companies to invest in Ukraine’s restoration and reconstruction. Interested European companies can submit their... #investments #UIF #UkraineInvestmentFramework #UkraineReconstruction #UkraineRecovery #YuliyaSvyridenko
What are the government’s plans for the ₴25B in reconstruction money in 2025? The Ministry of Finance, the Ministry of Economy, and the Ministry of Infrastructure selected 136 reconstruction-focused investment projects from 750 proposals submitted through the Dream system. Howe... #DREAM #UkraineReconstruction #UkraineRecovery #UkraineRoadInfrastructure #WarDamages
A Ukrainian investment company will soon start construction of a glass factory in the Kyiv region. The EFI Group plans to build the glass factory in the spring of 2025. “This is a very complex project; we have been working on it for two years. I hope that by the end of the year we will be abl... #EFIgroup #GlassFactory #GlassProduction #investments #kyiv #UkraineRecovery
The World Bank will provide Ukraine over $2B, and the EIB will strengthen recovery support. The World Bank will provide $750M to Ukraine within the Support for Reconstruction through Smart Fiscal Management (SURGE) project framework, which supports the institutional reforms that are necessar... #EIB #investments #UkraineInvestmentFramework #UkraineRecovery #worldbank
The National Energy and Climate Plan requires over $40B in investment by 2030. Deputy Minister of Economy Oleksiy Sobolev reported: “According to our preliminary estimates, the realization of the goals of the National Energy and Climate Plan requires significant investment... #ClimateNeutrality #DREAM #investments #OleksiySobolev #RenewableEnergyUkraine #UkraineRecovery
Businesses have named key conditions for participation in Ukraine’s reconstruction projects. Olena Shulyak, the head of the Parliamentary Committee on Regional Development, said that Ukrainian businesses are willing to join the reconstruction and restoration processes in Ukraine. The most com... #OlenaShulyak #ReconstructionUkraine #UkraineRecovery #ukrainianbusiness
Ukraine is strengthening its trade and economic cooperation with Portugal and involving participation in reconstruction projects. Bilateral trade between Ukraine and Portugal increased by $29.2M (+15.1%) for eight months of 2024 compared to last year. Positive dynamics have been observed since 2023, when turnover reached $293.7M... #Portugal #UIF #UkraineInvestmentFramework #UkraineRecovery #YuliyaSvyridenko
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
