Business news from Ukraine

FUND FOR RECONSTRUCTION, DEVELOPMENT OF UKRAINE PLANS TO CREATE REHABILITATION CENTER – PRESIDENT OF FUND ARTEM HONCHARENKO

The Fund for Reconstruction and Development of Ukraine, together with the Kontramarka Help project, plans to create a rehabilitation center for civilians and military personnel in western Ukraine, and later in other regions, president of the fund Artem Honcharenko has said.

“One of the projects that will be implemented by the Fund for Reconstruction and Development of Ukraine together with Kontarmarka Help is the creation of a rehabilitation center for civilian and military people. We plan to create it in the western region, and then scale it all over Ukraine,” Honcharenko said during press conference at Interfax-Ukraine on Thursday.
According to him, the center will provide assistance in physical and psychological rehabilitation, reintegration into civilian life, and job search.
“We have been seeing this problem since 2014, when combatants were not particularly actively recruited. Now there will be even more such people, so the problem needs to be solved in the near future,” he said.
The Fund for Reconstruction and Development of Ukraine (https://rdua.eu/) was established in April 2022 at the initiative of the International Technology Transfer Association and the I-Dolina start-up platform to organize and deliver humanitarian aid to Ukraine.

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CONFERENCE ON RECONSTRUCTION OF UKRAINE WILL BE HELD IN SUMMER IN SWITZERLAND

The international conference on the reconstruction of Ukraine after the war will be held in the summer in Lugano, said Swiss President Ignacio Cassis.
“The conference, co-organized by Ukraine with Switzerland, will be held in Lugano, Switzerland in early July this year,” Cassis said at the annual World Economic Forum in Davos on Monday.
According to him, this will be a conference on the reconstruction of Ukraine.
“When the war is over and the guns are silenced, all our efforts must be focused on reconstruction. Let the reconstruction and elimination of Ukraine’s economic consequences go through a broad political and diplomatic process. The Lugano conference is an opportunity to discuss this difficult path to recovery with all key stakeholders. parties, “he added.
According to Cassis, the conference will be a starting point in the process of rebuilding Ukraine.
According to the President of Switzerland, 40 countries and 17 international organizations have been invited to take part in the high-level conference.

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EU WILL FINANCE RECONSTRUCTION OF CHECKPOINTS ON UKRAINIAN-ROMANIAN BORDER

The EU will finance the reconstruction of Dyakovtsy and Koasnoilsk checkpoints on the Ukrainian-Romanian border, the State Customs Service reported.
As the Telegram service indicated on Thursday following a working meeting with the head of the Romanian customs, Bogdan Migei, EU funding will be directed to building infrastructure for trucks from the Ukrainian side.
At the same time, the customs did not specify the amount of funding that would be required for these works.

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BULGARIAN PM: BULGARIA TO BE PLEASED TO TAKE PART IN UKRAINE’S RECONSTRUCTION

Bulgaria will be pleased to participate in the restoration of Ukraine, Bulgarian Prime Minister Kiril Petkov has said.
“As for your proposal to Bulgaria to participate in the reconstruction of Ukraine, we will be more than happy to do so. We have many cities with many Bulgarian-speaking Ukrainians, and Bulgaria will be pleased to take a constructive part,” Petkov said at a press conference with President of Ukraine Volodymyr Zelensky in Kyiv on Thursday.
The head of government said Bulgaria can also help Ukraine with the help of the trans-Balkan gas pipeline.
“When we talk about energy security, Bulgaria can help Ukraine through the use of the trans-Balkan gas pipeline, through which we can supply gas from LNG terminals in Greece and Turkey to Ukraine, which will give both our countries a lower price and the possibility of deliveries,” he said.
In addition, Petkov said Bulgaria supports Ukraine’s accession to the EU.
“It is very important for Bulgaria that Ukraine sees a clear path to the EU. It is time for us to say that Ukraine belongs, is part of the European family, and we must give a clear sign and a clear path as soon as possible. You have a strong voice for Bulgaria when we meet with many European colleagues,” he said.

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EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT INVESTS EUR1 BLN IN UKRAINE IN 2021

The European Bank for Reconstruction and Development (EBRD) invested EUR1 billion in the Ukrainian economy in 2021, bringing its three-year investment in the country to EUR3 billion.
“True to its ambition to become a majority green bank by 2025, some 45% of bank financing in Ukraine was in support of greater sustainability and energy and resource efficiency. Examples included a EUR140 million EBRD loan to modernize district heating and hot water supply in the capital, Kyiv, and a EUR50 million loan for Kyiv to renew the rolling stock of its metro network and support the shift from private cars to modern, efficient and environmentally friendly public transport,” the bank said.
“The bank also attracted a EUR5.5 million grant from the E5P to complement an earlier EUR25 million loan to refurbish, for greater energy efficiency, about 100 public buildings in Dnipro. Dnipro and Ukraine’s second-largest city of Kharkiv decided to accelerate their investment in green solutions by joining EBRD Green Cities, a flagship urban sustainability program, following in the footsteps of Lviv, Kyiv, Mariupol, Khmelnytsky and Kryvy Rih. Ukraine has more cities taking part in the program than any other economy in which the EBRD invests,” the report says.
“In the private sector, the bank teamed up with Kernel Group to help strengthen the company’s climate corporate governance. It is also supported the development of low-emission sustainable property by backing the real-estate portfolio of Dragon Capital, an investment firm,” according to the document.
“The bank joined forces with the European Union in extending grants to innovative Ukrainian firms seeking to improve climate resilience. The beneficiaries included a producer of recycled plastic The Good Plastic Company, architecture studio Ekodar, yeast producer Enzym, engineering firm Dominion, water and rainwater management company Viva Victoria and The Laboratory of Advanced Jet Propulsion, an institution focused on rocket and spacecraft technologies,” it says.
“The EBRD’s efforts to advance the sustainability of Ukraine’s economy were encouraged by the country’s newly reviewed Nationally Determined Contribution. The EBRD helped to develop the policy document and stands ready to help set out a low-carbon and climate-resilient pathway for the power generation sector in Ukraine,” the bank noted.
“In addition, the EBRD invested $ 75 million in a $825 million eurobond placed by Ukrenergo, the state-owned electricity transmission system operator, in a bid to resolve the payments crisis gripping the country’s renewable energy sector. The first ever sustainability-linked bond issued by a Ukrainian company, it helped restore the credibility of the Ukrainian renewable energy sector, paving the way for much-needed investment to support the country’s green transition. In the infrastructure sector, the EBRD approved a new EUR190 million loan tranche for further improvements to the country’s roads. This follows efforts by Ukravtodor and the Ukrainian authorities to implement a comprehensive anti-corruption program,” it says.
“This is part of the EBRD’s broader work to promote corporate governance reform in state-owned enterprises and to strengthen their supervisory boards. In a further move to promote greater private-sector participation in the development of infrastructure, the bank joined forces with the International Finance Corporation (IFC) on a new advisory engagement with the Ministry of Infrastructure to help structure private-public partnerships in the road sector and to prepare the concession of selected terminals at Chornomorsk port,” it reads.
“Standing by its long-time partner, the city of Lviv, the bank provided emergency funds to ensure that the vital infrastructure is safe and functioning during the ongoing pandemic. As social distancing measures remained in place, the EBRD supported companies that facilitated remote entrepreneurship and helped people to stay in touch, such as state-owned postal service Ukrposhta and its privately owned peer, Nova Poshta, as well as Datagroup, a provider of fibre infrastructure and digital services,” the report states.
“Recognizing the importance of better access to credit and trade finance, the EBRD channeled EUR357 million to seven local lenders: Ukrgasbank, Raiffeisen Bank Ukraine, Ukreximbank, OTP Bank, ProCredit Bank, Credit Agricole and Bank Lviv. Backed by EU investment incentives, the bank increased lending for small and medium-sized enterprises via partner banks under the EU4Business-EBRD credit line,” it reads.
“It also delivered record volumes of trade finance as part of the Trade Facilitation Program. Furthermore, the bank financed successful Ukrainian companies such as car importer Winner, Kokhavynska Paper Factory and gas trader ERU Trading. It also teamed up with USAID and the American Chamber of Commerce to develop an action plan for the consolidation of infrastructure for the capital and commodities markets,” according to the bank.

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UKRAINE TO BEGIN RECONSTRUCTION OF REGIONAL HOSPITALS

In 2022, Ukraine will begin the reconstruction of 48 regional multidisciplinary hospitals, Ukrainian President Volodymyr Zelensky has said.
“We have repaired 600 rural outpatient clinics and 200 emergency departments. And next year we are starting the reconstruction of 48 regional multidisciplinary clinical hospitals for both adults and children, as well as 24 rehabilitation centers for veterans,” he said, speaking in the Verkhovna Rada with an annual address on Wednesday.

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