The government of Ukraine has been "sounding out" major investors about the possibility of restructuring the country's $20 billion in international debt and raising new funds, Reuters reported out of London, citing three unnamed sources. The head of Ukraine's debt management office, Yuri Butsa,
The government has earmarked an additional 102 million euros in support for Ukraine, including 60 million euros to insure Dutch companies contributing to the reconstruction of Ukraine. The sum will cover payment risks of investments and transactions in the form of export credit insurance, the Dutch government said in an
Turkish firms Ozaltin Holding and Dolsar Muhendislik agreed to help Ukrainian state hydro power producer Ukrhydroenergo rebuild the 351 MW Kakhovka hydro power plant (HPP) blown up in June and construct the Kanivska pumped storage power station (PSPP) on the Dnieper River. Ukrhydroenergo signed separate memoranda of agreement with both
Ukraine’s government aims to auction off a vodka distillery for as little as $500,000, a stone quarry with a starting price of $7.2 million, a dental products maker at a starting value of $1.3 million, a state vocational school for as little as $9,000, and
Direct damage to Ukraine's infrastructure since Russia invaded in February of last year has reached $151.2 billion, including $55.9 billion in damage to housing alone, according to a study by the Kyiv School of Economics. Some 147,800 private houses, 19,100 apartment buildings and 350
Ukraine plans to recognize de-mining certificates issued by the European Commission for Mine Action (ECMA) and expand local training of de-miners to accelerate mine clearance and make way for reconstruction of the country, Ukrainian Deputy Economy Minister Ihor Bezkaravaynyi said. Currently, only 2,500 deminers with 30 de-
The Romanian government is in talks to buy the Danube River port of Giurgiulesti in the neighboring landlocked Republic of Moldova to transform it into a shipping hub for the reconstruction of Ukraine after the war, Romanian Prime Minister Marcel Ciolacu said in an exclusive interview with news outlet Digi24.
The World Bank's Multilateral Investment Guarantee Agency (MIGA) has issued Ukraine's first war-risk guarantees for private investors, providing $9.1 million of war insurance for the construction and operation of a warehouse and supporting infrastructure in the western city of Lviv. The insurance covers the
London-based insurer Miller has tapped the vessel-tracking technology of partner Clearwater Dynamics, a UK technology firm specialized in shipping, to launch war-risk insurance in conjunction with the Ukrainian government, for ships carrying Ukrainian grain exports on the Black Sea. The coverage, which Miller says is backed by
Short-term rental app Airbnb has signed an agreement with the State Agency for Tourism Development of Ukraine committing to market local tourism after the war with Russia ends as well as "the exchange of analytical and statistical information." The memorandum commits the two to "joint marketing
The Financial Times published an op-ed by chief economist at German bank LBBW, Moritz Kraemer, calling for the creation of "Ukraine Reconstruction Bonds" backed by either the interest on frozen Russian assets, the European Union or the World Bank. "Investment in Ukraine’s recovery and reconstruction
Kyivstar, Ukraine's largest mobile operator, will work with US-based hardware and software firm Trimble to install almost 200 communications towers across Ukraine to offer high-precision satellite positioning services for use in engineering, mapping, shipping and other trades. The companies will build 41 communications towers in the
A severe shortage of bulldozer operators, mechanical fitters and other specialized workers will make it "difficult or impossible" to start reconstruction of the destroyed Kakhovka hydropower plant next year, according to research by the Confederation of Employers of Ukraine. Mass conscription and mass migration have drained the regions
Aecon, one of Canada's largest publicly traded construction firms, has agreed to help rebuild Ukraine's hydropower facilities, including taking part in the $1 billion reconstruction of the Kahkhovka hydropower dam destroyed in an explosion in June, Ukraine's state-owned power producer Ukrhydroenergo said. In
