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
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
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
Belgium will create an $1.8 billion fund for Ukraine using tax on profits generated by Russian assets frozen after the start of the war, Belgian Prime Minister Alexander De Croo announced. The money, which stems from the nearly $200 billion frozen Russian assets held at Belgium-based clearinghouse Euroclear,
Some 34 countries pledged a combined €500 million to help de-mine Ukraine, led by a 100-million-euro donation from Switzerland, at a donors' conference in Zagreb, Croatia. Pledges made at the conference also included €20 million from Norway, €12.5 million from Sweden, €5 million from Croatia,
The government of Ukraine has been "sounding out" major investors about the possibility of restructuring the country's $20 billion in international debt and raising new funds, Reuters reported out of London, citing three unnamed sources. The head of Ukraine's debt management office, Yuri Butsa,
The government has earmarked an additional 102 million euros in support for Ukraine, including 60 million euros to insure Dutch companies contributing to the reconstruction of Ukraine. The sum will cover payment risks of investments and transactions in the form of export credit insurance, the Dutch government said in an
Turkish firms Ozaltin Holding and Dolsar Muhendislik agreed to help Ukrainian state hydro power producer Ukrhydroenergo rebuild the 351 MW Kakhovka hydro power plant (HPP) blown up in June and construct the Kanivska pumped storage power station (PSPP) on the Dnieper River. Ukrhydroenergo signed separate memoranda of agreement with both
Ukraine’s government aims to auction off a vodka distillery for as little as $500,000, a stone quarry with a starting price of $7.2 million, a dental products maker at a starting value of $1.3 million, a state vocational school for as little as $9,000, and
