Business news from Ukraine

“Ukrhydroenergo” and AECOM sign memorandum on joint restoration of hydropower generation

During the Ukraine Recovery Conference in Berlin, Ukrhydroenergo and the international corporation AECOM signed a memorandum of cooperation in the implementation of projects aimed at restoring and reconstructing hydropower facilities.

According to the website of the operator of Ukrainian hydroelectric power plants and pumped storage plants on Tuesday, AECOM will act as a technical consultant for the restoration of Ukraine’s hydropower infrastructure.

“AECOM has many years of professional experience in the development, design and reconstruction of hydropower facilities and dams around the world. The signing of the Memorandum and our cooperation will be another important step in the restoration of the damaged Ukrainian energy infrastructure in general, and hydropower generation in particular,” said Ihor Syrota, CEO of Ukrhydroenergo, as quoted in the company’s statement.

According to him, the signing of the memorandum will also help create incentives and guarantees at the state level to attract investment and innovative technologies in the energy sector.

“We are proud to cooperate with Ukrhydroenergo, and we are strengthening our role in supporting the restoration of Ukraine’s critical infrastructure,” AECOM CEO Troy Rudd said, as quoted by the press service of Ukrhydroenergo.

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Italy to allocate EUR 0.5 mln for restoration of Transfiguration Cathedral

An agreement was signed between Italy and UNESCO, according to which Italy will contribute EUR 500,000 to carry out priority restoration work in the Transfiguration Cathedral, the Odesa mayor’s office reported on Friday.

It is also reported that an Italian government delegation chaired by the Special Envoy for Restoring and Strengthening the Resilience of Ukraine, Davide La Cecilia, is in Odesa on an official visit.

In October 2023, Italy took patronage over the restoration of Odesa and began active cooperation with UNESCO on this matter. La Cecilia noted that with the beginning of Italy’s presidency of the G7, from January 1, 2024, the issue of the restoration of Ukraine was also included in the priorities of the G7.

UNESCO Coordinator in Ukraine Chiara Dezzi Bardeschi presented the main areas of cooperation, including the urgent stabilization of damaged monuments and the creation of a Master Plan for the management of cultural heritage sites. Also in the future – the development of recommendations and protocols for the protection and development of Odesa in accordance with the principles of sustainable development.

It is planned to sign a trilateral Memorandum of Cooperation on the restoration of Odesa (Italy – Ukraine – UNESCO), as well as separately between Italy and Ukraine, where areas of cooperation will be outlined.

Earlier it was reported that Odesa authorities warned about the danger of further destruction of the Transfiguration Cathedral, which suffered from a Russian missile attack on the city on July 23, 2023, and on the night of November 11 last year was flooded after heavy rain.

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Canada to provide expert support for restoration of 19 tergromads

Canada will provide expert support on social and economic recovery to 19 Ukrainian communities under the Community-Led Inclusive Recovery (CLIR) initiative, the press service of the Ministry of Community Development, Territories and Infrastructure said.

“The assistance of the CLIR initiative will allow communities to better understand the priorities of recovery, get the necessary knowledge and tools to develop effective inclusive recovery projects taking into account the needs of all groups of residents,” the press release quoted Deputy Prime Minister for Recovery – Minister of Community Development, Territories and Infrastructure Oleksandr Kubrakov as saying.

Communities in Kyiv region (Baryshevka, Glevakha, Boyarka, Velyka Dymyrka), as well as in Dnipropetrovsk region (Sofiyivska, Pershotravenska, Apostolivska, Zelenodolska) have been selected to participate in the program, Nikolaev (Bashtanka, Berezneguvatoe), Odessa (Shabovka, Belgorod-Dnestrovska), Chernigov (Kholmska, Korpska, Menska), Donetsk and Kharkiv (Bliznyukivska, Saventsy, Balakleya) oblasts.

The experts will provide the selected communities with support in strategic management and planning, building partnerships with international organizations and attracting external investments, developing social services, implementing sustainable development principles, and developing recovery plans and strategies.

The CLIR initiative is implemented by the SURGe Project, an international technical assistance project “Supporting Government Reforms in Ukraine” funded by the Government of Canada.

SURGe is a project on inclusive governance in Ukraine, implemented by Alinea International and funded by the Ministry of Foreign Affairs of Canada.

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Kyivstar announces restoration of communication

Kyivstar specialists and our partners have done everything possible to restore the network from the consequences of an unprecedented cyberattack for the global telecom.

As of 18.00 on 13.12.2023, our specialists have started to restore voice communication throughout Ukraine. The restoration of services will be gradual, so short-term difficulties are still possible until the end of the day. In this case, we recommend that subscribers restart their phones and disable the VoLTE service in the phone settings.

Currently, the company’s specialists are working to restore data and SMS services and we hope that they will also be restored within a day.

After the network is fully restored and stabilized, Kyivstar will start preparing and providing compensation to all subscribers and corporate clients who could not use the company’s services due to the hacker attack.

Dear friends, we are incredibly grateful for your support! We continue to work 24/7 to keep Ukraine connected

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European Investment Bank EU countries allocate more than EUR 400 mln for Ukraine’s restoration

The European Investment Bank (EIB) and the EU member states are allocating more than EUR 400 million for the restoration of Ukraine, Prime Minister of Ukraine Denys Shmyhal said on Thursday evening.

“The EIB and EU Member States are providing over EUR 400 million for the reconstruction of Ukraine. This will help fund the most urgent reconstruction projects for Ukrainians, including critical infrastructure. Grateful to the partners for the quick and timely assistance!” he said on Twitter.

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Germany is ready to host a conference on restoration of Ukraine

Germany reaffirms its readiness to support Ukraine for as long as necessary, and is ready to hold an annual conference on the reconstruction of the country in 2024, Chancellor Olaf Scholz said.
“Our goal is a peaceful Ukraine that will live in prosperity,” he said at the conclusion of the International Expert Conference on the Reconstruction of Ukraine in Berlin on Tuesday.
Scholz recalled that the URC was hosted by Swiss Lugano in 2022 (and Lithuanian Vilnius in 2021), and next year it will be held in the UK.
The Prime Minister of Japan, who will take over the G7 presidency next year, Fumio Kishida, in his video address to the conference in Berlin, stressed that Ukraine will remain in the spotlight, and Japan will make efforts to set the framework for a transparent and fair process of rebuilding the country based on desires. and aspirations of its people.
Also, the President of this country, Joko Widodo, announced the important position of Ukraine on the agenda of the upcoming G20 summit in Indonesia in November. According to him, the highest priority is diplomacy for the sake of peace and the end of the war.
The head of Indonesia called for a constructive dialogue for the sake of peace at the upcoming summit, including the parties “standing on different sides”, at the same time recalling the military assistance allocated to Ukraine and the commitments made by Jakarta to restore Ukrainian hospitals.

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