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 up
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 in
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 gross
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 EU&
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
Ukraine moved a step closer to starting talks to join the European Union, and the major assistance that would bring for the reconstruction of the country, as the EU executive body recommended starting membership talks with Ukraine after certain conditions are met. The European Commission recommends that the EU start
Foreign ministers of the G7 nations vowed to maintain a freeze on Russian assets in the West until the country "pays for the damage it has caused to Ukraine," and renewed their commitment to support the reconstruction of Ukraine. The foreign ministers of Canada, France, Germany, Italy, Japan,
Increased resilience among businesses and people in war-time buoyed Ukraine's economy this year, the International Monetary Fund said. But beyond that, forecasting is clouded by numerous major uncertainties. "Despite recent positive outturns, the duration and intensity of the war present a considerable risk to the economic outlook,
The government of Denmark will provide €40.2 million in reconstruction aid to Mykolaiv to help the damaged Ukrainian city repair its heating infrastructure to cope with the coming winter. The funds will also buy 40 mobile heating boilers to help the city cope with the cold, and they will
The World Bank and partners has started to prepare the third rapid damage and needs assessment (RDNA3) for Ukraine to update its assessment of damage inflicted by the Russian invasion and set priorities for recovery and reconstruction out to 2027, the Ukrainian government said. The report, being prepared by the
Ukrainian Prime Minister Denys Shmyhal met with Alexander Soros, the son of billionaire George Soros and chair of the Open Society Foundations, which is planning new projects in Ukraine. "Open Society Foundations plans to start new projects, so we discussed our priority needs: economic recovery, reconstruction, social sphere,"
