Adam Brown
After 35 years travelling the world for Bloomberg, The Associated Press and Brightwire, Adam founded Ukraine Rebuild Newswire to hold the West to its promise to "build Ukraine back better."
Romania Cabinet approves plan to offer to buy Moldovan port for Ukraine reconstruction hub
Romania's government has approved a plan to offer to buy the Giurgiulești International Free Port, the only port in neighboring Moldova, to position it as a hub for the reconstruction of Ukraine. Romania's Cabinet approved a proposal to start negotiations with the current owner, the European
EBRD to sign €300 million in loans to help rebuild Ukraine energy sector in coming months, Reuters reports
The European Bank for Reconstruction and Development (EBRD) is set to give multiple loans to Ukrainian municipalities and companies in the coming weeks, to strengthen the country's infrastructure ahead of winter, a bank official told Reuters.
IMF team to visit Kyiv next week to consider $1.1 billion disbursement, Bloomberg says
The International Monetary Fund (IMF) will meet with Ukrainian officials next week to review the country’s budget outlook and consider disbursing an additional $1.1 billion from their loan agreement, Bloomberg reported, citing unnamed sources. The IMF team will visit for about a week starting Sept 4 to review
Investors approve restructuring of Ukrainian debt, saving the government $11.4 billion over 3 years
Investors holding 97% of Ukraine's more than $20 billion in international bonds agreed to a debt restructuring plan, giving the government more room to pay for its war against Russia's invasion and fulfilling a key condition of support from the International Monetary Fund. Approval means the
Ukraine to suspend payments on more than $4 billion in GDP warrants, Cargill loans, Ukrenergo bonds
Ukraine will suspend payments on $2 .6 billion in GDP warrants, a $700 million loan from Cargill Financial Services International and $830 million in bonds of state power firm Ukrenergo, the government said Tuesday.
Ukraine battlefield tests of lab-grown human blood vessels show 'positive results,' with no amputations, Humacyte says
Ukrainian battlefield testing of bioengineered human tissue to treat vascular injuries has shown positive results, with no patients suffering infections or amputations after wounds from bullets, mines or shrapnel, said Humacyte, the biotech company developing the treatment, known as ATEV. An initial 30-day follow-up on 16 Ukrainians treated with ATEV,
Russia continues massive air assault on Ukraine a second day, targeting energy infrastructure
Russia continued a wave of missile and drone attacks for a second day Tuesday, killing at least four people and prompting widespread power outages as it targeted Ukraine's energy infrastructure, local authorities said. Several explosions rocked the Kyiv area as the attacks continued overnight and into Tuesday morning.
Ukraine fears delays in payments from promised $50 billion G7 loan, anonymous sources tell Bloomberg
A promised $50 billion G7 support package for Ukraine is suffering delays and Ukrainian officials fear it may not be ready in time for an upcoming loan review by the International Monetary Fund, Bloomberg reported, citing unnamed government officials. The $50 billion in funding is meant to come in the
Arkaim Advisors high-yield debt fund beats peers with focus on Ukrainian corporate debt
Arkaim Advisors' $470 million Emerging Markets Corporate High Yield Debt Fund has racked up a 12% return this year, beating 99% of its peers, by focusing on debt from Ukrainian companies, according to Bloomberg data. The UK-based firm, which specializes in acquiring debt of health companies in distressed countries,
Dragon Capital sells war-damaged warehouse complex to Ukraine's biggest retailer in 'landmark' deal
Dragon Capital, one of Ukraine's most prominent investment firms, said it has sold Ukraine's sixth-biggest warehouse complex, now damaged by the war, to Avrora, the country's biggest retailer in what it described as a "landmark deal" for the war-time era. The complex
Ukrainian malls, factories, hotels double the pace of green energy construction for own use as Russia steps up attacks
Ukrainian malls, factories, hotels, warehouses, retailers and other large businesses doubled the pace of construction of rooftop solar arrays and windmills for their own use in the first half as Russian attacks repeatedly hit Ukraine's power grid, according to national data. In the first half of 2024, businesses
Sweden appoints long-time diplomat to new post of 'envoy for reconstruction of Ukraine'
The Swedish government has appointed Ulrik Tideström, its former ambassador to Georgia and Armenia, to the newly created position of special envoy for the reconstruction of Ukraine to promote Swedish businesses seeking to help rebuild the war-torn country. Tideström, currently the director of Diplomatic Training for the Ministry of Foreign
Ukraine needs to raise taxes to assure donors, bondholders of eventual self-reliance, IMF says
A government-proposed tax increase in Ukraine is key to maintaining support of foreign donors and bondholders who seek greater guarantees of medium-term stability, IMF Ukraine mission Chief Gavin Gray said. "The donors are looking for Ukraine to play its part in progressively becoming more self-reliant," Gray said. "
Indian prime minister aims to discuss peace and reconstruction in visit to Ukraine this week
Indian Prime Minister Narenda Modi intends to discuss the prospects for peace as well as the reconstruction of Ukraine in his visit this week with Ukrainian President Volodomyr Zelensky, The Print reported, citing unnamed diplomatic sources. Modi, who arrives in Kyiv on Aug 23 after a two-day visit to Poland,