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United Nations Office for Project Services to open office in Warsaw to oversee Ukraine reconstruction
The United Nations Office for Project Services (UNOPS) plans to open an office in Warsaw to encourage and support early reconstruction efforts in Ukraine, the Polish Ministry of Foreign Affairs said. "The body will first and foremost carry out programmes for the reconstruction of Ukraine," the ministry said
Ukraine MP calls war insurance options 'bureaucratic' and limited; appeals to US envoy Verma for help
Ukrainian MP Lisa Yasko said current war risk insurance options in Ukraine are "bureaucratic" and cover only a fraction of the demand, and she called on Richard Verma, the new US envoy to the reconstruction of Ukraine, to help change that. "The process for securing coverage from
'Big Four' accounting firm to help Ukraine's defense ministry with risk management deficiencies
The Ukrainian Defense Ministry will receive support from one of the so-called Big Four accounting firms to improve its risk management and compliance system, the ministry said in a press release on Monday, without naming the firm. The Big Four are the largest global accounting networks: Deloitte, EY, KPMG,
G7 looks to reach agreement on $50 billion loan to Ukraine by end of October, EC EVP says
The G7 group — the US, Canada, Japan, the UK, France, Germany, Italy, and the EU — is looking to reach a political agreement on the promised $50 billion loan to Ukraine by the end of October and to make the funding available by the end of the year, European Commission Executive
Hungary to continue helping Ukrainian energy sector, foreign minister says
The Hungarian government will continue helping Ukraine boost its energy supply and will encourage Hungary's largest oil and gas company MOL and the power transmission system operator MAVIR to support the development of Ukrainian energy, Hungarian Foreign Minister Peter Szijjártó said Monday. "Hungary will continue to support
Seven Ukrainian regions get 600 generators via EU's Civil Protection Mechanism
Seven Ukrainian frontline regions this month received 600 power generators of varying capacities to prepare for the upcoming heating season, the Ministry of Reintegration of the Temporarily Occupied Territories of Ukraine said Monday in a press release. The generators were provided to the Dnipropetrovs'k, Donetsk, Luhansk, Kharkiv, Mykolaiv,
New EU-backed program lets foreigners start and run businesses remotely in Ukraine
Ukraine has launched a program that allows foreigners to remotely start and conduct business in the country, called uResidency, Digital Transformation Minister Mykhailo Fedorov said in a post on X on Friday. The program is supported by the EU under the Eu4Ua and DT4UA projects and implemented by the Estonian
Ukraine taps ex Zhytomyr mayor to lead state agency for reconstruction
Ukraine's government has appointed the former mayor of the western city of Zhytomyr, Serhiy Sukhomlyn, as head of the State Agency for Reconstruction and Development of Infrastructure, the government's envoy to parliament, Taras Melnychuk, said Friday in a post on Telegram. The agency was previously headed
Norwegian DFI Norfund given green light to invest in Ukraine to promote reconstruction
The Norwegian government has given the green light to Norfund, the state development finance institution (DFI), to invest in Ukraine, with an eye to boosting the reconstruction of the country. The government has proposed that NOK 250 million ($23.8 million) be set aside in 2024 for Norfund, which focuses
To win the war, Ukraine must first admit it's losing, The Economist says
Ukraine and its Western allies are steadily losing the war of attrition against Russia and must change tack to avoid a catastrophic loss and focus on turning Ukraine into a Western-style rather than recovering all lost territories, the Economist says in a leader article to its latest edition. "
EIB to help Ukraine attract funding for Mykolaiv water pipeline project, PM says
The European Investment Bank (EIB) has agreed to help Ukraine attract funds for the construction of a water intake from the Southern Bug River and a main water pipeline to the southern city of Mykolaiv, Ukraine Primer Minister Denys Shmyhal said Thursday in a post on Telegram. "We already
City of Kyiv to sign deal with investors to complete unfinished projects of builders Ukrbud and Kyivmiskbud
The City of Kyiv will soon sign an agreement with a group of investors to address unfinished construction projects by the major Ukrainian building firms Ukrbud and Kyivmiskbud, the Kyiv City Council said in a press release on Thursday. "We must determine the financing mechanism by the end of
EBRD lowers Ukraine's 2025 economic growth forecast due to Russian attacks on grid
The European Bank for Reconstruction and Development (EBRD) lowered its forecast for Ukrainian economic growth in 2025 after months of Russian attacks wiped out much of the country's energy production capacity. The bank lowered its economic growth forecast to 4.7% for next year, compared with the 6%
Top Republican demands Zelensky fire Ukraine's ambassador to US after 'partisan' event
US Republican House leader Mike Johnson demanded the firing of Ukraine's ambassador to the United States after President Volodymyr Zelensky's highly publicized visit to an ammunition factory in Pennsylvania on Sunday. "After organizing a partisan campaign event in a battleground state this week, Ukrainian Ambassador