The Arab Council of Ukraine and the Khmelnytskyi Regional Council have agreed to develop the region’s cooperation with the countries of the Arab world, particularly in the economic, investment and humanitarian spheres.
According to Mohammad Farajallah, Secretary-General of the Arab Council in Ukraine, Violeta Labazuk, Chair of the Khmelnytskyi Regional Council, met with Khusam Raad, Chair of the Committee on Foreign and Diplomatic Relations of the Arab Council in Ukraine, advisor to the Honorary Consul General of Ukraine in Syria, and representative of the Muslim community in the Khmelnytskyi region.
The parties discussed opportunities to expand the international ties of the Khmelnytskyi region and establish contacts with representatives of businesses and public organizations from Arab states.
Particular attention was paid to the prospects of attracting investment, implementing joint projects, developing trade and economic cooperation, and humanitarian initiatives.
During the meeting, the parties also discussed opportunities to present the economic and investment potential of the Khmelnytskyi region to potential partners from Arab countries.
The Arab Council of Ukraine stated its readiness to facilitate the establishment of direct contacts between representatives of the region and business circles of Arab states, as well as to support initiatives aimed at developing interregional and international cooperation.
The parties agreed to continue their interaction and work out specific areas of possible cooperation.
The Arab Council of Ukraine is a public organization whose activities are aimed at developing relations between Ukraine and Arab countries and strengthening business, public, cultural and humanitarian ties.
ARAB COUNCIL OF UKRAINE, Arab countries, COOPERATION, INVESTMENT, Khmelnytskyi region, LABAZIUK, UKRAINE, АБУ АЛРУБ
State-owned Oschadbank has provided Eco-Future “Kamianka” LLC with a EUR10.34 million loan for the construction of three solar power plants with a total capacity of 18.322 MW in the Khmelnytskyi region, the financial institution announced on Monday.
Along with the solar power plants, the company plans to install a 50 MW energy storage system. Once commissioned, the complex is expected to generate up to 22,600 MWh of electricity per year.
According to Oschadbank, this is the bank’s largest energy project in terms of financing volume in the micro, small, and medium-sized business (MSME) segment.
“Since the beginning of the year, Oschadbank has financed the construction of solar power plants with a total capacity of 42.6 MW for nearly 850 million UAH,” said Natalia Butkova-Vitvitska, a member of the bank’s management board responsible for the MSME segment.
The facilities will be built by Solar Stalkonstruktsiya LLC, which has been operating in the market since 2012 and has experience implementing over 5 GW of solar energy projects and energy storage systems in 20 countries.
According to the National Bank, as of July 1, 2026, Oschadbank, with total assets of 518.87 billion UAH, ranked second among Ukraine’s 59 banks. The bank’s total loan portfolio grew by 6.7% in the first half of the year, reaching 136.83 billion UAH.
INVESTMENT, Khmelnytskyi region, LOAN, OSCHADBANK, Solar energy
