The European Commission has released €4.1 billion to Ukraine as part of the €50 billion Ukraine Facility, bringing the total European Union funding disbursed to Kyiv under the facility to €16.1 billion.
The government of Ukraine said €1.5 billion of the released funds is a grant. The funds will be allocated to budgetary needs in the social and humanitarian sectors, Ukraine's ministry of finance said in a press release.
Spain's Official Credit Institute (ICO), export credit agency Cesce and Raiffeisen Bank Ukraine have launched a €20 million financing facility to support reconstruction projects involving Spanish companies in Ukraine. The financing, which will be channelled through Raiffeisen Bank Ukraine, will target investments in infrastructure, engineering, energy, transport and
Ukraine should do more to promote its competitive advantages and showcase business success stories to attract foreign investment, as international perceptions remain dominated by the war, said Hanna Loikkanen, Chief Investment Officer at Finnfund, Finland's development financier and impact investor. While Ukraine's economy has proven resilient
Ukraine appointed Naftogaz chief executive Serhii Koretskyi as prime minister this past week in its biggest wartime cabinet reshuffle, testing whether reconstruction reforms that underpin billions of euros in international financing will stay on course. Koretskyi, confirmed as prime minister on 16 July, has sought to reassure international partners that
