Businesses, internally displaced persons, and Ukrainians who have returned home will be able to receive a portion of €20M in support from the Federal Ministry for Economic Cooperation of Germany (BMZ), financed by the German Development Bank (KfW). Support will be provided to residents of war-affected regions, entrepreneurs who continue to work there or seek to restore their businesses, save and create new jobs, pay taxes, and rebuild what has been destroyed by the enemy. Within the framework of the project, grants will be provided to restart and support businesses in the Sumy, Chernihiv, and Kyiv regions. 150 grants of up to €7,000 are offered to micro-enterprises, 90 grants of up to €20,000 for small businesses and 45 grants of up to €15,000 for startups. Four economic clusters will receive grants of up to €80,000 to increase the competitiveness of their products, stimulate exports, and promote economic development in the region.
Ukrainian entrepreneurs can receive up to €20,000 from Germany to restart their business.
Germany will help Ukraine to create an analog of its recovery bank and has increased interest in the Ukrainian energy market.