The Council of Europe Development Bank (CEB) has agreed to lend €100 million to Ukraine's Ministry of Health to rebuild hospitals, clinics and other medical facilities damaged in the war with Russia. The loan, the CEB's first to Ukraine, is also meant to support mobile teams
Ukrainian state-owned gas producer Naftogaz announced the discovery of a "promising" gas deposit in a gas field in the Carpathian mountains that had been considered depleted. Testing of the deposit showed a gas flow rate of more than 200,000 cubic meters per day, the highest UGV
The Rebuilding Ukraine Agency, a member-owned organization of mostly US-based businesses focused on the reconstruction of Ukraine, is coordinating $195 million in war-time financing for state nuclear power company Energoatom to build new generation capacity and expand centralized storage for spent nuclear fuel. The agency, part of
(This is the second part of a two-part feature on the labor crunch in Ukraine caused by the westward flight of millions of refugees. If you haven't read Part I, click here to do so) As millions of Ukrainian refugees settle into Germany, the UK, the US
The board of directors of the European Bank for Reconstruction and Development (EBRD) has called for a paid-in capital increase of €4 billion that would let the bank, already the largest lender to Ukraine, double its investment in the country. "The additional capital would enable the EBRD to
Madoqua Renewables Holding plans to invest as much as €900 million to build a plant in the western Ukrainian city of Ternopil to produce methanol from sugar production waste and wastewater. The Dutch-Portuguese company plans to invest up to €40 million on project development, followed by capital investments of
Insurer Marsh McLennan has reached an agreement with the Ukrainian government and other partners to offer insurance for the export of grain and other supplies from Ukraine despite the risks posed by its ongoing war with Russia. Under the agreement, a public-private partnership will provide up to $50 million
Mike Pompeo, who served as the head of the CIA and then secretary of state under former US President Donald Trump, has been named a director of Kyivstar, Ukraine's largest mobile telecoms operator. Pompeo, who led the CIA in 2017 and 2018 before becoming secretary of state until
The US International Development Finance Corporation (DFC) will send a special representative to Ukraine to help foreign investors find insurance and financing to participate more easily in the reconstruction of the country, Ukrainian Economy Minister Yulia Svyrydenko said. "By the end of the year, DFC promises to start financing
The Ukrainian government is working to create a War Risk Reinsurance Fund to encourage private investment into the country even before the war with Russia ends, Economy Minister Yulia Svyrydenko said. The fund, to be created with international financial institutions and other foreign partners, is meant to help attract large
Some 70% of Ukrainians believe their country will undergo an economic boom when the war ends, led by a foreign investment boom during reconstruction and reparations by Russia, according to a study by the Kyiv International Institute of Sociology (KIIS). When asked whether they thought Ukraine will see rapid economic
The International Monetary Fund raised its estimate of 2023 economic growth in Ukraine, saying the country shows "remarkable resilience" but warned growth is likely to slow in 2024 as the war continues. A week-long IMF monitoring mission reviewing the fund's support agreements with Ukraine said
European Union member nations are preparing a workaround to provide Ukraine with a promised €50-billion reconstruction aid package even if Hungary vetoes it, Bloomberg reported, citing unnamed sources. Under the backup plan, individual member states would offer national guarantees to attract financing in the markets and substitute for the
Ukraine has told its allies that it needs all frozen Russian assets, and not just the interest on those assets, or it won't likely receive enough funding to pay for reconstruction of the country, Reuters reported. Ukrainian Deputy Justice Minister Iryna Mudra told the news agency in an
