The Administrative Council of the Council of Europe Development Bank (CEDB) has approved two applications from Ukraine totaling 140 million euros to support housing programs; these funds will be used to provide housing for internally displaced persons from temporarily occupied territories and war veterans, according to the bank’s website.
A loan of 80 million euros will be allocated to support the “Housing for IDPs” component of the “eRecovery” program. In the first phase, this support will be directed toward IDPs who have left the temporarily occupied territories and have combatant status, as well as individuals with war-related disabilities. The funds will be disbursed in two tranches: Ukraine expects to receive the first 40 million euros as early as September 2026, with another 40 million euros to follow in 2027. Securing these funds will provide additional financing for approximately 2,000 housing vouchers to help people purchase their own homes.
“We have an existing mechanism to support people who have lost their homes in the temporarily occupied territories. The first phase of the program demonstrated high demand and tangible results—thousands of families have already purchased new homes using housing vouchers. Therefore, it is extremely important that Ukraine has received support for the program’s continued funding. “I am grateful to the Council of Europe Development Bank and personally to its President, Carlo Monticelli, for their support,” said Oleksiy Kuleba, Deputy Prime Minister for Ukraine’s Recovery and Minister of Community and Territorial Development of Ukraine.
An additional 60 million euros in loans from the Council of Europe Development Bank will be allocated to a program providing housing for war veterans. The funds will be used to finance long-term, preferential mortgage loans. The program will be implemented in cooperation with government agencies and administered by the State Fund for the Promotion of Youth Housing Construction.
It is expected that this will enable the issuance of approximately 1,500 loans, of which more than 1,100 will be financed directly from the loan proceeds, and another 450 or more through a revolving financing mechanism.
The decisions adopted were also the result of agreements reached during the Conference on the Reconstruction of Ukraine held in Rome in 2025. At that time, Oleksiy Kuleba, Deputy Prime Minister for Ukraine’s Recovery and Minister of Community and Territorial Development of Ukraine, approached Carlo Monticelli, President of the Council of Europe Development Bank, with a proposal to support the first phase of the housing program for internally displaced persons (IDPs) from the temporarily occupied territories, as well as to consider launching a separate housing support program for veterans.
State-owned Oschadbank increased the loan portfolio of the MHP group of companies by UAH 500 million by providing a blanket credit line to replenish working capital, the financial institution announced on Wednesday.
According to a press release from the bank, taking into account the new financing, the total amount of funds provided to MHP under the general credit agreement exceeded UAH 2.66 billion.
“For companies demonstrating a high level of financial management, Oschadbank is ready to offer not only large credit lines but also flexible financing instruments without collateral,” said Serhiy Chernikov, director of the bank’s corporate business department.
It is noted that the new unsecured credit line will enable the company to finance its current operations, maintain production cycles, and fulfill its obligations to partners.
As reported, Oschadbank’s loan portfolio for the first quarter of 2026 increased by 2.5%, or by 3.14 billion UAH, to 130.59 billion UAH; specifically, loans to legal entities rose by 1.9% to 102.74 billion UAH.
According to the National Bank, as of April 1, 2026, the state-owned bank, with net assets of UAH 500.9 billion, ranked second among the country’s 58 banks.
MHP is the largest poultry producer in Ukraine and also produces grains, oil, and meat products. The agricultural holding’s production facilities are located in Ukraine and the countries of Southeast Europe.
For the first time since the start of the full-scale war, the European Bank for Reconstruction and Development (EBRD) has provided the Kernel agricultural holding with $45 million in financing for a renewable energy project. The decision was approved by the bank’s Board of Directors and signed during the Ukraine-EU Business Summit in Brussels.
According to a statement from Kernel’s Communications, PR, and GR Department, the total cost of the project is estimated at $86 million. In addition to the EBRD, negotiations are ongoing with other international lenders, and Kernel will finance the remaining investment. The European Union will provide partial coverage of the first-loss risk under the Investment Facility for Ukraine (UIF).
The project involves the construction of a 106 MW solar power plant (SPP) in southern Ukraine and the installation of energy storage systems. The facility is expected to generate approximately 141 GWh of electricity from renewable sources annually and reduce carbon dioxide emissions by 82,500 tons. Once the transmission line is completed, the plant will be integrated into Ukraine’s Unified Energy System (UES) and will supply “green” electricity to the domestic market.
“The development of ‘green’ energy is one of Kernel’s key investment priorities. Today, Ukraine is acutely feeling a shortage of power generation, as large facilities remain vulnerable to attacks. Our response to these challenges is the development of distributed generation, particularly solar and wind power, as well as the implementation of energy storage systems. Connecting new capacity to the power grid is Kernel’s contribution to the stability and energy security of the entire country,” said Kernel CEO Yevgen Osipov.
Overall, Kernel’s strategy involves building a portfolio of green energy projects with a total capacity of up to 600 MW. The expected investment in this area is approximately $400 million.
The Ukraine Investment Framework (UIF) is an investment mechanism under the EU’s €50 billion Ukraine Facility program, aimed at rebuilding and modernizing Ukraine’s economy. Under the UIF, EBRD financing is backed by EU guarantees through the HI-BAR program, which reduces risks for investors and helps attract funding for renewable energy and climate technology projects.
Kernel Agri-Holding is the world’s largest producer and exporter of sunflower oil, Ukraine’s largest grain exporter, an operator of an extensive network of logistics assets, and a leading producer of grains and oilseeds in Ukraine. It is one of the largest producers and sellers of bottled oil in Ukraine. It is engaged in the cultivation and sale of agricultural products.
UKRNAFTA, Ukraine’s largest network of gas stations, doubled its fuel purchases in 2026 compared to last year to ensure stability for farmers during the planting season, the company’s CEO Bohdan Kukura told the Interfax-Ukraine news agency.
“We have received the first shipments of diesel from the United States. The government’s task was to ensure (the domestic market – IF-U) that there would be no shortage. We are fulfilling this: given the season and increased demand, we have purchased twice as much fuel as before. There will be no shortage. We are fully contracted, and we do not foresee any problems at all for April,” the company’s head emphasized.
According to him, in response to the government’s request, UKRNAFTA began using post-import financing instruments for the first time in its history. The first shipments of American fuel were purchased using credit lines from the state-owned Ukrgasbank and Oschadbank. The top manager noted that this mechanism has been in operation for only about a month but has already proven effective in ensuring energy security.
The CEO also explained that, given market volatility, UKRNAFTA has abandoned fixed-price contracts, as they are unprofitable for suppliers due to the inability to predict risks. Currently, work with clients is based exclusively on a “contract formula” tied to global Platts or Argus price indices.
Separately, Kukura commented on the sales structure: the share of retail customers (B2C) is about 50–70%, while the corporate segment (B2B cards and vouchers) accounts for 30–50%. He noted that farmers typically purchase fuel through small-scale wholesalers.
As the chairman of the UKRNAFTA board assured, thanks to strategic reserves and new logistics, there is no cause for panic. The company continues to actively work with banks, creating “effective solutions to supply the market,” so Ukrainian businesses can be confident in the availability of fuel at gas stations.
As reported, by the end of 2025, UKRNAFTA increased fuel sales in the B2B segment to 391.6 million liters, which is 61.7% more than the previous year’s figure and nearly eight times higher than the 2023 result. The number of active corporate clients during this period tripled—to 9,700 companies. Over three years, the company doubled the average daily fuel sales per gas station, and the average receipt at the network’s stores tripled—to 180 UAH.
UKRNAFTA is one of the largest gas station networks in Ukraine, comprising approximately 700 locations and ranking among the top three in terms of fuel sales volume. The network structure includes the assets of Glusko (85 gas stations) and Shell (118 gas stations). Additionally, 21 complexes of Ukrgazvydobuvannya (U.Go) operate under the UKRNAFTA brand on a franchise basis.
The Council of Europe Development Bank (CEDB) has granted Ukraine additional loans: 100 million euros for the HOME program to compensate citizens for housing destroyed by the war, as well as 20 million euros to support microenterprises and small farms in Ukraine.
As reported by the Ministry of Finance on Wednesday, the relevant decision was adopted by the EBRD’s Administrative Council on March 16–17, in a joint meeting with the Governing Board attended by Deputy Minister Olga Zykova.
The HOME program is implemented through a state-run housing certificate mechanism, which allows citizens whose homes were destroyed as a result of Russian aggression to receive compensation for the purchase of new housing. Using the previously provided and fully utilized €200 million, 3,774 housing units were purchased for over 13,000 Ukrainians, who received new housing.
“As of early 2026, over 98,000 applications for compensation for destroyed housing have been submitted, indicating a massive need to restore the housing stock. Additional funding will allow us to support another 3,000 families and extend the program’s implementation until June 30, 2028,” the Ministry of Finance noted.
As for the €20 million, this program will be implemented through the National Development Agency (formerly the Entrepreneurship Development Fund), which will provide financing through partner banks and credit unions. The program’s total funding also includes a €4.6 million EU investment grant under the Ukraine Investment Framework, €0.23 million in technical assistance, and a €3 million EBRD grant to cover currency risks.
The program is aimed at supporting entrepreneurs affected by the war, internally displaced persons, veterans, women entrepreneurs, youth, people with disabilities, and small farms, the Ministry of Finance clarified.
It is expected that at least 50% of the €20 million in funding will be directed toward vulnerable groups, and 30% of the investments will go toward energy-efficient and sustainable projects.
In 2025, Ukrainian banks issued 8,282 thousand mortgage loans worth UAH 15.69 billion, which is 4.3% more than in 2024, when 8,807 thousand loans worth UAH 15.05 billion were issued, while the number of loans issued decreased by 6.0%, according to the results of a survey by the National Bank of Ukraine (NBU).
“The quality of the mortgage portfolio remains high: the share of non-performing loans is only 13%,” the regulator commented on the results.
According to the National Bank, in December 2025, 952 mortgage loans were issued in Ukraine for UAH 1.96 billion, which is 28.3% more than in November, when 743 loans were issued for UAH 1.52 billion.
As specified by the NBU, out of 38 banks surveyed, 14 financial institutions issued mortgage loans in December last year. Most of the deals were concluded in the primary housing market: 539 in December for UAH 1.13 billion, compared to 434 in November for UAH 0.91 billion.
On the secondary housing market, 413 deals were concluded for UAH 0.83 billion, compared to 309 in November for UAH 0.61 billion.
The weighted average effective rate in the primary housing market in December 2025 decreased to 8.11% per annum (8.14% in November), and in the secondary market to 8.66% (9.42%).
Survey data show that in December 2025, most loans were issued in Kyiv and the Kyiv region – 538 for UAH 1.18 billion (60.1% of the total volume), followed by Lviv region – 47 loans worth UAH 103 million, Odesa region – 40 loans worth UAH 78 million, and Volyn region – 38 loans worth UAH 69 million.
As reported, partner banks of the state affordable mortgage program “єОселя” issued a total of 7,769 loans worth almost UAH 15 billion in 2025, including 4,881 loans for “first sale” housing, including 1,499 apartments in buildings under construction.
