Norway will provide €16 million to the Nordic Green Bank (NEFCO) to support Ukraine's reconstruction and green recovery, the development finance institution said. The funding will mainly support energy-efficiency projects, such as renovating schools and hospitals, upgrading wastewater facilities, and installing solar energy solutions.
Ukraine could import as much as 4 billion cubic meters (bcm) of gas between April and October as it looks to compensate for production losses amid Russian attacks on the country's gas infrastructure, Dmytro Lyppa, the CEO of LLC Gas TSO of Ukraine, the country's gas
London-based insurance broker McGill and Partners has developed an AI-powered war risk reinsurance facility for commercial property in Ukraine, This is Money reported, citing Hamish Greenwood, head of crisis management at McGill. The new facility, developed with Ukrainian insurance tech start-up FortuneGuard, uses data on missile strikes to help underwriters
Introduction of the EU's Carbon Border Adjustment Mechanism (CBAM) could lead to some $2.7 billion in investment losses for Ukraine between 2026 and 2030, according to an updated estimate from steel industry consultancy GMK Center. In addition, potential export losses during the same period are projected at
Turkey's Trade Minister Ömer Bolat and Agriculture and Forestry Minister İbrahim Yumaklı, accompanied by representatives from the Turkish Contractors Association and 25 Turkish construction companies, are set to visit Kyiv, Turkish news outlets reported, citing the Trade Ministry. During the visit, the ministers will meet with President Volodymyr
TechMet CEO Brian Menell told the Financial Times the company plans to bid for the development of a major lithium project in central Ukraine, describing the lithium resources at the Dobra site as "very significant." The projects would involve the construction of a lithium mine and processing facilities.
Ukraine has agreed to a US proposal to enact an immediate, interim 30-day ceasefire, subject to acceptance and implementation by Russia, the governments of the US and Ukraine said in a joint statement on Tuesday. The statement followed a meeting between US State Secretary Marco Rubio and National Security Advisor
Iceland is contributing an additional €2 million to the Ukraine Energy Support Fund, bringing the total contribution from a nation of less than 400,000 people to over €5.6 million, according to the Ukrainian government. The €1 billion Fund was established in 2022 as a joint initiative of Ukraine’
Switzerland-based Ferrexpo said it needs more time to finalize its full-year 2024 financial results due to recent developments in Ukraine and ongoing discussions with the firm's auditors concerning its subsidiary, Ferrexpo Poltava Mining (FPM). Last week, the State Bureau of Investigation in Ukraine (SBI) said that a Kyiv
Finland's Ministry of Foreign Affairs said it will allocate €16 million in humanitarian assistance to Ukraine as part of a broader €36.5 million aid package supporting refugee crises in Africa and the humanitarian situation in the Middle East. The funds will be distributed through various UN agencies
The European Commission (EC) said it has proposed to prolong measures guaranteeing duty-free imports for Ukraine's steel as it looks to support the country's economy. "Iron and steel exports to the EU are a significant source of revenue for Ukraine. Continuing to exempt these products
The annual take-up of warehouse space in the Kyiv market returned to near pre-war levels last year, driven by a surge in pre-leases for developments nearing completion, according to a study by CBRE Ukraine. Annual take-up in Kyiv totaled 167,000 in the year, an increase of 63% from 2023
The European Bank for Reconstruction and Development (EBRD) said it approved a €15 million loan to co-finance Ukrainian pharmaceuticals manufacturer Yuria Pharm Group's investment program in Uzbekistan, Ukraine and Latvia for 2025-2027. The funding, focused on green projects and other capex, will be divided into €13 million committed
The European Commission (EC) issued a new call for proposals from banks and international financial institutions under the €9.3 billion Ukraine Investment Framework, this time focused on supporting small businesses. This call "encourages partners to take on more risk and provide grants to businesses in war-affected areas, as
