The EIB will allocate €450M to Ukraine for two recovery projects. The first two tranches from the European Investment Bank for €100M of the planned total of €450M may be approved by the end of 2023. The funds will be directed to two projects: Ukraine Recovery III FL... #EIB #infrastructureUkraine #KakhovkaHPP #UkraineRecovery #UkraineRestoration
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
The EU will provide €335M in aid and goes to the US to support Ukraine. The Cabinet of Ministers approved the EU Support for Recovery and Reforms financing program. After its signing, Ukraine will receive financing from the European Commission. As the head of the governme... #DenysShmyhal #EUfinancialAid #SupportUkraine #UkraineRecovery
The EBRD names the key condition for providing Ukraine with financial support for its recovery by international donors. According to EBRD Director for Eastern Europe Matteo Patrone, state-owned enterprises will be the primary recipients of funding for recovery, so it is essential for Ukraine to complete its corporate g... #ebrd #financialaidforUkraine #MatteoPatrone #OECD #UkraineRecovery
Slovakia has put forward its conditions for Ukraine to receive €50B from the EU. Slovakia is ready to increase its contribution to the EU budget over the next four years by €400M so that Ukraine receives an aid package of €50B, with certain conditions. Slovak PM Robert Fico said t... #EUbudget #EUfinancialAid #RobertFico #SupportUkraine #UkraineFacility #UkraineRecovery
The World Bank has analyzed Ukraine’s ability to attract private investment with and without reforms. Today, Ukraine needs at least $411B in investments to recover. IFC and WB experts have assessed the “no reforms” scenario that was observed before the war. In this case, the involved priva... #ifc #InvestmentsinUkraine #ReformsinUkraine #UkraineRecovery #worldbank
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
Sweden will develop a green transition and recovery plan for Ukraine. The Stockholm Environment Institute (SEI) is launching a project to create a road map for Ukraine to achieve climate neutrality by 2050 through a green transition and recovery, the head of the institu... #BernardasPadegimas #ClimateProjects #GreenTransition #UkraineRecovery
A US special representative in Kyiv announces $700M in aid to modernize Ukrainian ports and railways. “The US plans to provide $700M to modernize Ukrainian checkpoints, ports, and railways to improve logistics and increase export capacity,” said Minister of Infrastructure Oleksandr Kubrako... #OleksandrKubrakov #PennyPritzker #UkraineRecovery #Ukrainianlogistics #USsupportsUkraine
Even after victory, Ukraine will need international aid to survive. As Minister of Finance Serhiy Marchenko said, two fundamental ways to reduce this dependence in Ukraine are increasing economic output and winning the war. “But increasing the domestic market vo... #financialaidforUkraine #SerhiyMarchenko #SupportUkraine #UkraineEconomy #UkraineRecovery
Ukraine and the UN estimate the Kakhovka HPP damage at $14B. The Post Disaster Needs Assessment (PDNA) report on the Kakhovka Dam Disaster estimates $2.79B in direct damage to infrastructure and assets and over $11B in total losses. It is emphasized that the lo... #KakhovkaHPP #KakhovkaReservoir #UkraineRecovery #UkraineWarDamages
The US and Ukraine will insist on European confiscation of the accrued interest on frozen Russian assets. This week in Luxembourg, US Treasury Secretary Janet Yellen intends to encourage European officials to take concrete steps to confiscate accrued interest on $200B that Russia keeps in European banks. ... #AndriiPyshnyi #JanetYellen #RussianAssets #RussianAssetsArrested #UkraineRecovery
Ukraine’s external financing needs in 2024 are $3B higher than previous estimates. Ukraine has shown outstanding results in the country’s economic management during the war, but its needs in external financing in 2024 will be $3B more, and it is necessary to help Ukraine cope ... #EFFprogram #imf #KristalinaGeorgieva #UkraineEconomy #UkraineRecovery
Private investment can provide a third of Ukraine’s needs for recovery, said the president of the World Bank Group, Ajay Banga. He also noted that the World Bank positively assesses Ukraine’s course on implementing reforms. “The Minister of Finance, Mr. Marche... #AjayBanga #InvestmentsinUkraine #SerhiyMarchenko #UkraineEconomy #UkraineRecovery #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
Business in Ukraine is increasing sales, and industrial exports are recovering. The tobacco concern Philip Morris International (PMI) lost half of its Ukrainian market share due to the war, dropping from 28.5%, but has recovered to 24% this year. The Ukrainian online retailer Roz... #IndustryUkraine #Rozetka #UkraineEconomy #UkraineRecovery #бізнесвУкраїні
The European Parliament changed the four-year, €50B Ukrainian support plan to provide greater transparency. The European Parliament’s budget and foreign affairs committees overwhelmingly supported a proposal for a multi-year, €50B plan. One of the key demands from MEPs is the use of frozen Russian ass... #EUaidforUkraine #ReformsinUkraine #RussianAssets #UkraineFacility #UkraineRecovery
The US and the EU are preparing to transfer confiscated assets of the Russian Federation to Ukraine. The United States is working with European allies and partners to create the necessary legal framework for the use of seized Russian assets for Ukrainian reconstruction projects, US Secretary of State... #AnthonyBlinken #RussianAssets #RussianAssetsConfiscation #UkraineRecovery
The return of refugees and investment should restore Ukraine’s economy in four years. This opinion was expressed by Deputy Minister of Economy Oleksiy Sobolev. He added that the country’s economy shrank by 30% in the first year of the war, and Ukraine should exceed this figure in... #InvestmentsinUkraine #OleksiySobolev #RefugeesFromUkraine #RepatriationInUkraine #UkraineEconomy #UkraineRecovery
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
The EBRD plans to invest about €1.5B a year in Ukraine over the next two years. According to the Bank President, Odile Renaud-Basso, the amount has not been finally determined, so that it may increase. “It depends on the scenarios, but I would expect at least the same level... #EBRDinvestments #InvestmentsinUkraine #OdileRenaudBasso #SupportUkraine #UkraineRecovery
Next year, Ukraine will once again seek $15B for rapid recovery. In 2024, Ukraine will need from $10 to $15B for quick recovery, Prime Minister Denys Shmyhal said. He specified that financing of the Recovery Fund from the state’s budget for the next year is n... #DenysShmyhal #RussianAssetsConfiscation #UkraineEconomy #UkraineRecovery
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
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
Poland has created a program to restore Ukraine with the participation of Polish businesses. The President of Poland, Andrzej Duda, signed an amendment to a law on export insurance guaranteed by the State Treasury, which allows the Polish state insurance corporation KUKE to provide more assis... #AndrzejDuda #InvestmentsinUkraine #KUKE #PolishBusiness #UkraineRecovery #YuliyaSvyridenko
Ukraine is preparing to turn a state bank into a development bank. The goal is to turn one of the state banks into a development bank, similar to KfW in Germany, said the head of the Parliamentary Committee on Finance, Danylo Hetmantsev, during the Yalta European Str... #DanyloHetmantsev #financeUkraine #KfW #UkraineRecovery #UkraineStateBanks
What economic and investment prospects will Ukraine receive from joining the Three Seas Initiative? The Three Seas Initiative’s (3SI) financial infrastructure, particularly the 3SI Investment Fund, can play an essential role in ensuring investment in long-term projects in Ukraine, said the Min... #investments #ThreeSeasInitiative #UkraineRecovery #YuliyaSvyridenko
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
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
The European Parliament discusses the provision of €50B to Ukraine by 2027. According to the Representative of the Committee on Foreign Affairs, Michael Gahler, the new document envisages the combination of Ukraine’s reconstruction process and accession to the EU. Accor... #EUprogramForUkraine #MichaelGahler #SupportUkraine #UkraineRecovery
Recovery in the construction industry: investments for reconstruction began to arrive. This summer, the Center for Economic Strategy reports that the Ukrainian construction business has become significantly more active for the first time since the beginning of the full-scale Russian inv... #ConstructioninUkraine #InvestmentsinUkraine #UkraineRecovery
What does the Ukraine Plan envisage under the EU €50B program? Deputy Minister of Economy Oleksiy Sobolev said that the plan is a comprehensive document that will become the state’s program of recovery and economic development for the next four years. Initi... #EUprogramForUkraine #OleksiySobolev #UkraineFacility #UkraineRecovery
The biggest problem in Ukraine’s reconstruction will not be investment attraction but lack of labor resources. According to Ministry of Economy estimates, an additional 4.5 million people need to be attracted to the Ukrainian labor market over the next decade. Without this, it is impossible to successfully reb... #LaborResourceUkraine #RepatriationInUkraine #UkraineRecovery
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
Ukraine’s GDP growth in the last 12 months increased by 20%. Ukraine’s GDP growth in the second quarter of 2023 compared to the second quarter of 2022 was about 20-21%, reported the Institute for Economic Research and Policy Consulting (IER). In the month... #GDPinUkraine #UkraineEconomy #UkraineIndustry #UkraineRecovery
Ukraine needs its women refugees to come home soon. Most men age 18 to 60 aren’t allowed to leave the country, which explains why 68% of Ukrainian refugees are women, with an even greater gender disparity among adults. According to Alexander Isakov of ... #RefugeesFromUkraine #RepatriationInUkraine #UkraineEconomy #UkraineRecovery
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
With EU support, Ukrainian civil society launches a new project to monitor spending on recovery projects. The Big Recovery Portal online platform will be developed by the non-government organization Technologies of Progress, announced an EU delegation to Ukraine. Analytics will be provided by the Center f... #BigRecoveryPortal #ProzorroUkraine #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
The EU is arguing over the mechanism of using the Russian Federation’s frozen assets for Ukraine’s reconstruction of Ukraine. Differences of opinion arose between the European Commission and the European Central Bank regarding the use of profits from the investment of more than €200B in frozen assets belonging to the Russian... #ECB #EuropeanCommission #RussianAssets #RussianCentralBank #UkraineRecovery
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 sums up the results of the recovery conference in London. During the conference’s final panel, Prime Minister of Ukraine Denys Shmyhal emphasized four crucial messages. Ukraine will become a member of the EU. Russia must pay for its crimes and destruct... #ConferenceLondon2023 #DenysShmyhal #UkraineRecovery #UkraineRecoveryConference
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
What Ukraine expects from the conference in London. At the Conference on the Recovery of Ukraine in London, attention will be focused on three main aspects: rapid recovery, the attraction of private investment, and interregional cooperation, noted Prim... #ConferenceLondon2023 #DenysShmyhal #UkraineRecovery #UkraineRecoveryConference
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
The Marshall-Green Plan envisages a green steel industry as a part of Ukraine’s economic recovery. According to the Deputy Head of the Office of the President of Ukraine, Rostyslav Shurma, Ukraine needs $40B to implement the plan’s priorities. At the initial stage of economic recovery, attention wi... #FerrousMetallurgy #MarshallPlanUkraine #MetallurgiaUkraine #ReconstructionUkraine #RostyslavShurma #UkraineRecovery
The EU is still working out a mechanism for using Russian assets for Ukraine. As a representative of the European Commission, Christian Wiegand, explained there are two different elements: private assets and state assets. The amount of frozen private assets is at a €24.1B equiv... #ChristianWiegand #RussianAssets #RussianAssetsConfiscation #RussianCentralBank #UkraineRecovery
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
The World Bank’s fund has already collected $920M for Ukraine. The Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF) has already accumulated $920M and received new contributions from the governments of Iceland ($3.6M), Latvia (€2M), and the Ne... #ArupBanerjee #ReconstructionUkraine #UkraineRecovery #URTF #worldbank
