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 a
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 last
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 event
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
By Ukraine Rebuild News Staff Sept 18, 2023 The Center for International Private Enterprise (CIPE), a US-based think tank that focuses in part on the reconstruction of Ukraine, has launched a podcast series on the topic, with announced topics ranging from the role of small and medium businesses to opportunities
By Ukraine Rebuild News Staff, Sept 15, 2023 US President Joe Biden has named Penny Pritzker, a member of a billionaire Chicago business family who served as commerce secretary from 2013 to 2016, to a newly created role overseeing US efforts to help Ukraine rebuild and recover from the ongoing
By Ukraine Rebuild News Staff, Sept 15, 2023 The European Parliament passed a resolution calling on the European Union to freeze Belarusian assets and seek to transfer them to Ukraine to pay for reconstruction after the war with Russia, and asking the International Criminal Court (ICC) to issue an arrest
By Ukraine Rebuild News Staff, Sept 14, 2023 Most citizens of Western or Western-allied nations agree that their government should financially support the reconstruction of Ukraine and that the country should be allowed to join the European Union and Nato, according to a 14-nation survey. Some 69% say their government
By Ukraine Rebuild News Staff, Sept 14, 2023 The world’s most powerful nations should create a “war-risk pool” to restore Ukraine’s insurance industry and insure the companies, organizations and people seeking to undertake the reconstruction of Ukraine, said executives from companies owned by global private services firm and
