The German government has agreed to provide war-risk insurance to building materials manufacturer Fixit to open a second factory in Ukraine even as fighting continues, Ukrainian Prime Minister Denys Shmyhal said. Fixit, which built its first Ukrainian factory in the western city of Lviv before the full-scale invasion of Russia,
The Ukrainian Ministry for Restoration has started talks with neighboring nations to expand traffic capacity through the southeastern town of Reni, on the borders of both Romania and Moldova, to boost exports and help rebuild Ukraine. The project would reconstruct the road from the town of Reni, in the extreme
Andritz Hydro, the supplier of equipment and services for hydropower plants, has agreed to work with state hydropower producer Ukrhydroenergo to develop and produce green hydrogen as Ukraine prepares for reconstruction and pushes to join the European Union. The three-year agreement commits the companies to develop green hydrogen projects, likely
Palantir Technologies, the US data analysis firm, will help Ukraine clear its territory of land mines using artificial intelligence, Ukrainian Economy Minister Yuliia Svyrydenko said. The ministry said a de-mining system designed with Palantir, the firm founded by US billionaire Peter Thiel which is known for its contracts with intelligence
Germany pledged a further €200 million in aid for urban reconstruction and other projects during a visit to Kyiv by the German envoy for the reconstruction of Ukraine, German news agency dpa reported. Jochen Flasbarth, Germany's point man for the reconstruction of Ukraine, said the money is also
The European Bank for Reconstruction and Development (EBRD) and two other international development organizations have agreed to provide $480 million in financing to help MHP, Ukraine's largest chicken producer, refinance debt, boost output and expand its agricultural waste-to-energy facilities. The US International Development Finance Corporation (DFC) is contributing
Miyamoto International, a California-based engineering firm specialized in reconstruction after war and natural disaster, has agreed to build a waste management system in Kyiv to process and recycle the waste generated from the demolition of war-damaged buildings, city officials said. "This is an important phase of the restoration actively
The Latvian government has agreed to help rebuild the Ukrainian telecommunications network, accelerate the launch of 5G and promote the integration of the country's telecoms sector into the European Union. A memorandum signed between the government of Latvia and Ukraine at the 5G Techritory forum in Riga also
The World Bank, the Council of Europe Development Bank, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) agreed to streamline and simplify their procurement practices in Ukraine ahead of an expected surge in reconstruction spending. "Reconstruction needs for Ukraine will be huge,"
The United States has pledged $700 million to help Ukraine upgrade its ports, railways and other elements of its transport infrastructure to help the economy recovery from the impact of the Russian invasion, Ukrainian Infrastructure Minister Oleksander Kubrakov said. "We have to modernize Ukrainian checkpoints, ports and railway. This
The European Parliament voted to approve a €50 billion package to help rebuild Ukraine, including a mix of grants and loans to be handed out between 2024 and 2027. Deputies voted 512-45, with 63 abstaining, to approve the so-called Ukraine Facility funding, which will be handed out in various disbursements
Ukrainian state hydropower producer Ukrhydroenergo said military attacks in the past year have cost it $1.5 billion, much of it through the destruction of the Kakhovka hydropower plant in June, the company said in a video presentation. The company attributes the costs to multiple attacks on autotransformers, switchgear, multiple
Ukraine Finance Minister Serhiy Marchenko said geopolitical tensions elsewhere in the world and the length of the war in Russia are weakening the resolve of Ukraine's major donor nations, Reuters reported. "I see a lot of tiredness, I see a lot of weakness among our partners, they
The Ukrainian government has launched a data platform designed by global professional services firm Marsh McLennan to help investors and insurers gauge the risk of acts of war in Ukrainian communities. The platform, available starting today at www.promo.war-risks.com.ua, gathers data from the military, police and other
