"Looking at a future of peace and prosperity also means looking at reconstruction, and I am happy to announce that the 'Ukraine Recovery Conference' will be held in Rome on 10 and 11 July 2025," Italian Prime Minister Giorgia Meloni said.
Switzerland is planning to allocate 1.5 billion Swiss francs ($1.7 billion) for reconstruction projects in Ukraine over the next four years, Swiss Ambassador to Ukraine and Moldova Felix Baumann said.
Ukraine is at a crucial turning point. As we focus on reconstruction amid ongoing Russian aggression, one aspect is pivotal to our success: war risk insurance. This tool is indispensable for attracting foreign investment and ensuring the resilience of local businesses. War risk insurance is designed to protect businesses against
Former Zhytomyr Mayor Serhii Sukhomlyn has been appointed head of the Agency for the Restoration and Development of Infrastructure, he announced on Facebook on Sept. 27. Sukhomlyn became mayor of Zhytomyr in November 2015 and resigned at his own request in early September 2024. Before Sukhomlyn, Mustafa Nayyem headed the
More than 30 countries and the European Union adopted the Joint Declaration of Support for Recovery and Reconstruction of Ukraine during a meeting in New York on Sept. 25, Ukraine's Presidential Office said. Backed during the Group of Seven (G7) + Ukraine meeting, the document contains several points including helping to
The United States on Sept. 26 will announce "a series of actions to accelerate support" for Ukraine in its fight against Russia's full-scale invasion and future recovery, U.S. President Joe Biden said on Sept. 25. Biden convened with President Volodymyr Zelensky and other world leaders on the sidelines of
Spain prevented Hungary from buying Talgo, a Madrid-based train manufacturer, due to its potential usefulness for Ukraine's reconstruction, the Financial Times reported on Sept. 12, citing undisclosed officials.
The Kyiv Independent’s Natalia Yermak interviews Ukrainian-Canadian lawyer and business advisor, Daniel Bilak, about the potential for investment in Ukraine and its defense sector.
Belgium will allocate 150 million euros ($165 million) to restore civilian and energy infrastructure in Kyiv and Chernihiv oblasts, the Ukrainian government announced on August 30.
"Special Representative Penny Pritzker has been a tireless advocate of Ukraine’s economic recovery," U.S. State Secretary Antony Blinken said in a statement.
Ukraine’s government rushed on Aug. 2 to extinguish public uproar over reconstruction efforts at Okhmatdyt, the country’s main children’s hospital based in Kyiv, which was heavily damaged early last month by a Russian missile strike. Health Minister Viktor Liashko announced that a new tender to choose a
Health Minister Viktor Liashko requested on Aug. 1 that law enforcement conduct additional inspections of the tender for the reconstruction of the Okhmatdyt children's hospital in Kyiv, that was won by a company offering its services at a reportedly inflated price.
Ukraine's victory is the victory of the entire free world over dictators and tyrants. The formula for victory is well known: the strength of the Ukrainian army, the unity of the free world, unwavering long-term military and financial support for Ukraine, and, first and foremost, Ukraine's membership in NATO. One
There is no indication that Ukraine's infrastructure agency has misused foreign funds, the EU Delegation to Ukraine told the Kyiv Independent on July 7.
Ukraine's Finance Ministry accused the agency of misuse of Western funds in a response to Ukrainian online newspaper Ekonomichna Pravda. Specifically, the ministry claimed that the EU Delegation to Ukraine was unhappy with the agency failing to use the 150 million euros allocated by the European Commission.
Editor’s note: This is issue 62 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from June 24–June 30, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with
Ukraine needs $9.5 billion for rapid recovery this year, namely in the defense industry, energy, housing, agricultural, natural resources, and the IT sector, the Finance Ministry said on June 20.
It is safe to say that Ukraine’s reconstruction will be the most significant and expensive undertaking in Europe since the post-World War II Marshall Plan. The World Bank estimates that rebuilding the country will require nearly $500 billion over the next decade, dwarfing the costs of the most destructive
If Ukraine is going to defeat Russia and rebuild itself after the war, it will need huge sums of money, probably exceeding what Western electorates and politicians are willing or able to provide. The good news is that there is a massive pot of non-Western money already available: the $300
The following is the June 12, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine’s annual recovery conference happened this week in Berlin, but instead of talks of grand plans to
Kyiv signed a financing agreement with the European Investment Bank under the Recovery III project at the Ukraine Recovery Conference in Berlin.
The European Bank for Reconstruction and Development (EBRD) will give Ukraine nearly 25 million euros ($26.8 million) to restore the water supply in Mykolaiv, Mykolaiv Mayor Oleksandr Sienkevych announced on June 11.
The funds will be allocated to Ukraine's "infrastructure, railways, healthcare, agriculture and mine clearance," and 45 million euros ($48 million) of that will be used for the reconstruction of Odesa, the minister said.
Ukraine’s recovery and reconstruction are impossible to separate from the country’s EU integration and accession aspirations. If the country wants to enter the EU, it will have to get its rules and regulations in line with the bloc, across every field. Many of these reforms will involve sectors
The news comes in the wake of the dismissal of Infrastructure Minister Oleksandr Kubrakov in May.
Estonia’s parliament enacted a law on May 15 enabling the use of frozen Russian assets to compensate Ukraine for the damages caused by Russia’s war. Kyiv and its Western allies have discussed using around $300 billion in Russian assets held in Western accounts to support Ukraine. As of
Russian President Vladimir Putin is trying to revive the Soviet Union, but two can play this game. To complete the Kremlin’s grotesque historical reenactment, the West should launch a new economic Cold War in response. In addition to the war of aggression waged against the civilians and cities of
Germany will provide Ukraine 45 million euros ($48 million) in the form of a grant for energy restoration, the Ukrainian Energy Ministry announced on May 9.
As Russia’s war drags on, it’s still early days for Ukraine’s reconstruction but issues are already lurking around one crucial component: cement. Rebuilding Ukraine after the war, which is unlikely to end any time soon and will continue to cause widespread destruction, is expected to cost $487
U.S. President Joe Biden signed the Rebuilding Economic Prosperity and Opportunity for Ukrainians (REPO) Act on April 24. Largely overshadowed in the media by the groundbreaking approval of $61 billion in aid for Ukraine that same day, the REPO Act is equally crucial. However, the REPO Act has not
After an audit, there was a discrepancy of Hr 14 million (around $353,000) related to plastic-metal windows, which were earmarked for installation but never actually put in. The State Audit Service said local governments should "ensure more thorough control" over reconstruction funding and added that the case had been referred to the Prosecutor General's Office to determine whether criminal wrongdoing had occurred.
While the proposal must still get through more legislative steps before becoming law, it was supported by lawmakers from both center-right and center-left parties.
