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
Ukrainian President Volodymyr Zelensky met hedge fund billionaire Bill Ackman, former Google CEO Eric Schmidt, Bloomberg LP founder Michael Bloomberg and other US business notables at a private roundtable to talk about the reconstruction of Ukraine, various US media outlets reported, citing unnamed sources. The Thursday afternoon meeting, organized by
GE Vernova has agreed to work on the $1 billion restoration of the Kakhovka hydro power dam in Ukraine that was destroyed in an explosion in June, Ukraine's state-owned power producer Ukrhydroenergo said. Vernova, the renewable energy business created in the historic split of General Electric announced
Ukrainian President Volodymyr Zelensky discussed priorities for the reconstruction of his country with the newly appointed US Special Representative for Ukraine’s Economic Recovery, Penny Pritzker. In the meeting in New York on Wednesday, Zelensky "emphasized the importance of participation of American business in the reconstruction of infrastructure destroyed
By Ukraine Rebuild News Staff, Sept 20, 2023 The European Bank of Reconstruction and Development plans to invest about 1.5 billion euros ($1.6 billion) per year in Ukraine this year and next but the figure could rise if reconstruction accelerates, EBRD President Odile Renaud-Basso said at an
By Ukraine Rebuild News Staff, Sept 19, 2023 Ukraine’s six deputy defense ministers were fired, a week after the toppling of their boss in a corruption scandal, as Ukrainian President Volodymyr Zelensky flies to Washington, DC to meet US President Joe Biden and members of Congress to push for
By Ukraine Rebuild News Staff, Sept 19, 2023 The 27 foreign affairs ministers of European Union member nations will likely hold their Foreign Affairs Council meeting in Kyiv in early October to show support for Ukraine’s eventual integration into the union, Italian news agency Ansa reported, citing three unnamed
By Ukraine Rebuild News Staff, Sept 18, 2023 The new US special representative supporting the rebuilding of Ukraine said she will encourage investment in agriculture, green energy, steel, mining, critical materials and Ukraine's burgeoning IT sector as an important part of her duties. Penny Pritzker, the former US
