The Ukrainian government's anti-corruption agency has added Nestle to its blacklist of companies that continue to do business with Russia, labeling the global food giant an "international sponsor of war." Nestle joins fellow food conglomerates Unilever, PepsiCo and Mars and 41 other companies on the
The European Investment Bank (EIB) will release €200 million in loans meant to help the country repair local energy, water and transportation infrastructure either directly damaged by the war or overstressed by the large numbers of people who fled to safer areas of the country, the government said. The loans,
BlackRock will create a "project team" early next year to prepare a much-anticipated fund meant to attract up to $50 billion in investment into the reconstruction of Ukraine, the country's Economy Minister Yulia Svyrydenko said. "In the first quarter of 2024, BlackRock plans to
The Ukrainian government launched a nationwide push to persuade citizens to learn English as the country prepares to start talks on joining the European Union and recruit international help to rebuild the country. The government will offer all citizens free access to English language training and push legislation to establish
The UK government has promised to back a plan by the European Bank for Reconstruction and Development (EBRD) to create war-risk insurance coverage for companies that want to invest in the rebuilding of Ukraine. The UK signed a "war-risk insurance Statement of Intent" with the EBRD
Some 59% of Ukrainians say they have seen "positive signs" in recent months in their country's fight against corruption, according to a survey by the Kyiv International Institute of Sociology (KIIS). At the same time, 36% believe their nation is "hopelessly corrupt," showed the
The State Property Fund of Ukraine, charged with privatizing state companies, sold the first of 17 prosthetics and orthopedics firm it holds, as the war drives up demand for its products. The Khmelnytskyі Prosthetic and Orthopedic Enterprise, a manufacturer of prosthetic and orthopedic products with 47 employees in western Ukraine,
Russia will retaliate against any "unfriendly" European nation that uses frozen Russian assets to fund Ukraine by seizing an even larger amount of those countries' assets, said Vyacheslav Volodin, the chairman of Russia's State Duma. "A number of European politicians, led by the head
Ukrainians want local citizens to set the priorities for the reconstruction of their home regions but, barring that, would rather give that power to international organizations than Ukraine's central government, suggests a poll by the Rating Group research organization. When asked who should set those local priorities, 13%
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
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,
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
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)
