Business news from Ukraine

Business news from Ukraine

Ukraine and EU launch EU4Green Recovery East

Ukraine, together with its European partners, is launching a new EU4Green Recovery East project aimed at developing a circular economy, sustainable water management and environmental data management, said Svitlana Hrynchuk, Minister of Environmental Protection and Natural Resources of Ukraine.

“The initiative covers the Eastern Partnership countries and will help them promote reforms. It will last for four years and has a total budget of 21.5 million euros. For Ukraine, which is on the verge of large-scale reconstruction, this is a great opportunity and significant assistance,” Hrynchuk wrote on Facebook.

She pointed out that, together with UNDP, Ukraine is currently working on a draft law “On Green Recovery,” which is fully consistent with the Green Taxonomy and EU experience. It will become Ukraine’s strategy for sustainable recovery, the minister emphasized.

“In addition, EU4Green Recovery East is an opportunity for Ukrainian businesses to increase resource efficiency and create new jobs,” she added.
The first steps have already been taken in preparing a work plan to adapt the Program’s activities to the specific needs of Ukraine. Technical meetings of experts in the relevant fields are ahead.

“The strategic partnership with the EU has already had its results, including in the field of environmental protection. In times of war, it is our support and our rear. I am confident that in the time of Ukraine’s reconstruction, these will be our joint successes and achievements,” summarized Hrynchuk.

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