By Ukraine Rebuild News Staff Vodafone Ukraine, the second-largest mobile operator in Ukraine after Kyivstar, increased capital spending in the first half of the year by 75% year-on-year as it repaired damage inflicted in the ongoing war and increased its resilience to power outages and shortages. Capital expenditures rose to
By Ukraine Rebuild News Staff The government of South Korea, which has launched a campaign in recent months to support Korean companies seeking to join the Ukraine reconstruction, has earmarked 520 billion won (US$393 million) in its 2024 budget in support for Ukraine, news agency Yonhap reportedTuesday. The allocation,
By Ukraine Rebuild News Staff Won Hee-ryong, South Korea’s minister of land, infrastructure and transport, said he will visit Ukraine in September to help Korean firms expand their presence in the eventual reconstruction of the country, The Korea Times reported. "At first, we will focus on governmental assistance
By Ukraine Rebuild News Staff UK construction firms will be at the “top of the list” when contracts are handed out to rebuild Ukraine because of their government’s eagerness to help the Ukrainian military against Russia, the British national newspaper known as “i” said in a report based on
By Ukraine Rebuild News Staff Small and medium enterprises (SMEs) in Ukraine, who have cut staff by an average of 22% since the Russian invasion, will need better access to international financing if they are to play a significant role in the reconstruction of the country when the fighting stops,
By Ukraine Rebuild News Staff Korea Water Resources Corp, the South Korean conglomerate that has agreed to help rebuild Ukraine’s Kakhovka dam, has also been chosen to design a master plan for restoration and creation of a ‘smart city’ in Uman, central Ukraine, Business Korea reported, without saying where
By Ukraine Rebuild News Staff The reconstruction of Ukraine will pass through three distinct phases as fighting in the country gradually winds down and the war likely ends in a “frozen outcome” similar to the tense peace between North and South Korea since 1953, Fitch said in its latest risk
By Ukraine Rebuild News Staff The Ukrainian government has allocated 350 million hryvnii ($9.6 million) from the State Budget Reserve Fund to help energy companies in the country pay interest on loans taken out to repair or rebuild energy infrastructure damaged in fighting. “State financial support will be provided
By Ukraine Rebuild News Staff Fighting has smashed windows in towns and villages in large parts of Ukraine and a lack of glass to replace them is preventing many refugees from resettling, The Guardian writes in a feature report. The country lost its only sheet glass factory in the Russian
By Ukraine Rebuild News Staff A reconstruction fund created by major international firms for the government of Ukraine aims to raise $10 billion from governments, multinational organizations and other large donors, then use it to generate at least $50 billion in investments in the country, Ukrainian Deputy Economy Minister Oleksandr
By Ukraine Rebuild News Staff Ukraine’s telecoms sector will be ready to launch 5G within a year after the war in the country ends, said Stanislav Prybytko, director of the country’s Department for the Development of Mobile Communications of the Ministry of Statistics. “The issue of 5G is
By Ukraine Rebuild News Staff All foreign companies seeking work on the Ukrainian reconstruction should be obliged to create local companies to ensure a “level playing field” with local firms, the Center for International Private Enterprise (CIPE) said in a new report. The Washington, DC-based think tank, which promotes open
By Ukraine Rebuild News Staff Nobel Prize-winning economist Ken Rogoff, who serves on a panel advising Ukraine’s government, doubled his estimates of the country’s war recovery costs to as much as $1.2 trillion and called on Europe to spearhead the reconstruction. “After more than 500 days of
By Ukraine Rebuild News Staff The government of Ukraine named Nobel Prize winners Ken Rogoff and Roger Myerson and five other economists to the newly created Economic Policy Advisory Council tasked with advising the Ukrainian Ministry of Economy on economic recovery. The council will “focus on developing recommendations on the
By Ukraine Rebuild News Staff Veon, which owns the biggest telecoms firm in Ukraine, has agreed to consider working with Japanese telecoms firm Rakuten Symphony to rebuild and upgrade the Ukrainian infrastructure after the war to push for open radio access networks (ORAN) that can deliver 5G services. “The two
By Ukraine Rebuild News Staff Most of the early contracts in an estimated 1 billion-euro project to rebuild the Kiev suburb of Irpin, the scene of heavy fighting last year, were granted to “suspicious” companies with no open bidding, said Transparency International Ukraine. About 547 contracts have been granted by
