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
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
The EIB will provide €100M in soft loans to Ukraine, and the EU will provide guarantees. According to the Delegation of the EU to Ukraine, these funds will be directed to Ukraine’s rapid recovery, and are allocated for the repair of municipal and energy infrastructure. It is reported that... #EIBloan #EUforUkraine #UkraineRecovery
The European Commission is developing a mechanism to guarantee exports to Ukraine and insurance against war risks, Vice President of the European Commission Valdis Dombrovskis told the European Parliament. “The lack of military insurance in most EU member states is considered one of the obstacles to attracti... #InvestmentsinUkraine #MilitaryRiskInsurance #UkraineRecovery #ValdisDombrovskis
Ukraine has presented reconstruction plans to The Council of Europe Development Bank (CEB). On June 9, the Minister of Reconstruction of Ukraine, Oleksandr Kubrakov, presented the priority plans for Ukraine’s reconstruction. The government of Ukraine is interested in the CEB’s particip... #CEB #CEBandUkraine #OleksandrKubrakov #ReconstructionUkraine #UkraineRecovery
Great Britain will attract investment for Ukraine despite the war. Bloomberg writes that the country is developing a military risk insurance scheme that will convince investment, technology, energy, and defense companies to support Ukraine’s recovery with multi... #InvestmentsinUkraine #MilitaryRiskInsurance #ReconstructionUkraine #UkraineRecovery #UKsupportforUkraine
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
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
Ukraine needs $250B in foreign investment over five years for rapid recovery. According to an EBRD assessment, for a quick recovery the inflow of foreign capital should reach $50B per year for five years. At the same time, the bank noted that only 29% of economies reached their... #EBRDinvestments #GDPinUkraine #UkraineEconomy #UkraineInvest #UkraineRecovery
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
A new €12M grant fund for startups is launched in Ukraine. The European Innovation Council will provide €20M for the development of innovations in Ukraine. The Seeds of Bravery project will last two years and plans to allocate €12M in funding. In addition to ... #GrantsForStartups #MykhailoFedorov #SeedsOfBravery #UkraineInvest #UkraineRecovery #UkrainianStartUP
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
With the support of the investment giant BlackRock, Ukraine is launching a national development fund for post-war reconstruction. On May 6, the Government announced plans to launch a national financial development institute – the Ukraine Development Fund. The UDF will attract and mobilize public and private capital to reco... #BlackRock #CharlesHatami #InvestmentsinUkraine #UkraineDevelopmentFund #UkraineRecovery
Shmyhal discusses recovery, increased support, the counteroffensive, and export of agricultural products while in London. During a visit to London, Prime Minister of Ukraine Denys Shmyhal met with the Secretary of State for Foreign Affairs of Great Britain, James Cleverly. The officials discussed preparations for the nex... #BenWallace #DenysShmyhal #GrainCrisis #JamesCleverley #NATOsummit #UkraineRecovery #UrsulavonderLeyen #WarinUkraine
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
Ukraine will receive $11B for recovery by summer and is counting on additional aid for $2B. Minister of Finance Serhiy Marchenko notes that the total recovery needs this year are $14B, with the state budget providing $3.3B. Discussions are ongoing regarding $1.5B from the US, which has also ... #financialaidforUkraine #SerhiyMarchenko #UkraineRecovery
Ukraine expects another €1B in economic aid from Italy. Prime Minister Denys Shmyhal said he expects €1B in financial support from the Italian export credit agency, SACE, to restore the economy and infrastructure and finance basic Ukrainian humanitarian an... #DenysShmyhal #GiorgiaMeloni #ItalyAidforUkraine #UkraineRecovery
Japan contributed $471M to the URTF, created by the World Bank. It noted that the contribution to the Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF) is part of Japan’s $5.5B commitment in February to help rebuild destroyed infrastructu... #financialaidforUkraine #JapanandUkraine #UkraineRecovery
Berlin criticizes the concept of “leadership over the regions” during Ukraine’s reconstruction. According to Jochen Flasbarth, the Commissioner of the Federal Government of Germany for rebuilding Ukraine, Germany considers such an approach ineffective, so the country’s government has refus... #JohannFlasbart #UkraineRecovery
The Prime Minister announces projects with the World Bank worth $1.5B. According to Prime Minister Denys Shmyhal, Ukraine and the World Bank have agreed to activate joint thematic programs to reconstruct the country. In particular, the program will contribute $500M in th... #DenysShmyhal #UkraineRecovery #worldbank
Japan will provide $470M for the reconstruction of Ukraine. The money will be provided by the Japanese government agency, JICA, in the form of a grant under the Emergency Recovery Program aimed at critical infrastructure. Funds will be allocated to support the... #JapanAidForUkraine #JICA #UkraineRecovery
Domestic economists are convinced that Ukraine will keep playing catch up with economic growth through 2030. The Ukrainian economy reached its lowest point in April-May 2022 and has been showing a slow and steady recovery trend ever since. Ukraine’s GDP, which fell from $200B to $158B in the first year... #GDPinUkraine #UkraineEconomy #UkraineRecovery
The Vice Chancellor of Germany came to Ukraine to discuss Ukraine’s recovery. German Vice Chancellor Robert Habek arrived in Kyiv on April 3 with a delegation of German business representatives, Tagesschau reports. The German delegation arrived to discuss Ukraine’s restoration ... #InvestmentsinUkraine #RobertHabeck #UkraineRecovery
The EU supports the creation of an international mechanism for registering losses in Ukraine, limiting Russian oil prices, and strengthening sanctions. According to the EU summit results, the European Council has supported the creation of an international mechanism that will document the damage caused by Russia during the war in Ukraine. The EU also ... #EuropeanCouncil #RussianAssets #SanctionsAgainstRussia #UkraineRecovery
The West and Ukraine have recalculated the recovery needs to $411B. The World Bank, the European Commission, the UN, and the government of Ukraine revised the assessment of Ukraine’s needs for post-war recovery. Now it is $411B, up from $349B, or more than twice... #ReconstructionUkraine #UkraineRecovery #UkraineWarDamages
Scholz is preparing the world community for a long recovery after the end of the war. According to German Chancellor Olaf Scholz, there will be no quick end to the war that the Russian Federation started against Ukraine. Therefore, he urged the international community to be prepared be... #OlafScholz #UkraineRecovery #WarinUkraine
MIGA has launched a trust fund to support Ukraine’s reconstruction and economy – the first $23M has been provided by Japan. The fund, SURE, is a new initiative to solve humanitarian problems and support economic activity and recovery in Ukraine. MIGA expects the fund to grow to $300M with contributions from additional dono... #InvestmentsinUkraine #MIGA #SURE #UkraineRecovery
The Ukrainian Prime Minister has revealed the new IMF program’s details. The Ukrainian authorities want to start a new program with the International Monetary Fund in the first quarter of this year. It will consist of two parts: immediate financial support during the war, ... #DenysShmyhal #IMFprogramforUkraine #UkraineRecovery
Germany is ready to transfer Russian assets to Ukraine, and the US and the EU are putting pressure on Switzerland. The German authorities are ready to send frozen Russian assets to restore Ukraine if there is a legal basis for this and the allies act similarly. As Bloomberg writes, Olaf Scholz’s government g... #OlafScholz #RussianAssetsConfiscation #UkraineRecovery
War damage to Ukraine’s economy has already reached $700B. According to Prime Minister Denys Shmyhal, it is planned to conduct another identification of Ukraine’s needs for the fastest possible recovery together with the World Bank. Shmyhal added that t... #DenysShmyhal #UkraineRecovery #UkraineWarDamages
In 2023, Ukraine may receive $55-$60B in aid from international partners. This includes macro-financial support, support for the rapid restoration of the energy and transport infrastructure, support for the private sector (for the purchase of fuel for sowing), and humanitar... #financialaidforUkraine #InvestmentsinUkraine #RomanKachur #UkraineRecovery
The WB creates a multi-donor trust fund to support Ukraine. On December 16, the World Bank announced the creation of a multi-donor trust fund to support the Ukrainian government in measures that will ensure the state’s critical needs in the current cond... #trustfundforUkraine #UkraineRecovery #WorldBankFunding
The Council of Europe’s Committee of Ministers has adopted a record €50 million Action Plan for Ukraine for 2023-2026. The Committee of Ministers of the Council of Europe has adopted the Resistance, Recovery and Reconstruction action plan for Ukraine in 2023-2026, according to the Council of EU website. In addition to... #UkraineEU #UkraineRecovery #UkrainianActionPlan
The government has allocated €340M to restore social and critical infrastructure in 10 regions. The money was provided to Ukraine under the financial agreement between Ukraine and the European Investment Bank (EIB) within the Ukraine Recovery Program. According to the Ministry of Regions, it is ... #EIBaidforUkraine #InfrastructureofUkraine #UkraineRecovery
The EU Commission is working on directing Russian assets to restore Ukraine. The European Commission proposes the creation of a special court to prosecute Russian crimes in Ukraine and determine the conditions for using frozen Russian assets for Ukraine’s benefit, Ursula von d... #ReparationsForUkraine #RussianAssetsArrested #UkraineRecovery #UrsulavonderLeyen
The government expects to launch the International Trust Fund for the Reconstruction of Ukraine. Minister of Economy of Ukraine Yulia Svyridenko met with Arup Banerjee, Regional Director of the World Bank, to discuss the creation of a fund for Ukraine’s recovery, cooperation in promoting investme... #ArupBanerjee #ReconstructionofUkraine #UkraineRecovery #YuliyaSvyridenko
Denys Shmyhal has named the key factors for Ukraine’s post-war recovery plan. According to the prime minister, security will be one of the key factors in Ukraine’s recovery and development after the war. As Shmyhal explained, it is necessary to develop security infrastructure, ... #DenysShmyhal #UkraineRecovery
