Business news from Ukraine

Business news from Ukraine

Belgian agency to participate in Ukraine’s recovery projects

28 February , 2024  

The Belgian state development agency ENABEL intends to participate in projects to restore critical and social infrastructure in Ukraine and will open offices in Kyiv and Kharkiv, the press service of the Ministry of Communities, Territories and Infrastructure Development (MinRestore) reports.

“The Ministry’s team met with the Minister of Cooperation for the Development of Large Cities of Belgium, Caroline Gin and the head of the Belgian state development agency ENABEL, Jan Van Vetter. The parties agreed to start implementing projects to restore critical and social infrastructure in March,” the ministry said in a press release following the meeting.

The report notes that ENABEL has $150 million in funding at its disposal, obtained from Russian assets frozen in Belgium.

The parties also discussed the possibility of cooperation in the joint HOPE project with the World Bank to restore housing damaged by the hostilities.

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