The Cabinet of Ministers of Ukraine is planning to approve a new procedure for using state support funds for industrial parks in the next week or two with an additional program for receiving monetary compensation for infrastructure damaged by Russian attacks in the amount of up to UAH 200 million, Deputy Minister of Economy Vitaliy Kindrativ said.
“In the near future, we will come up with a new procedure for the use of funds, which will include an additional program for receiving compensation for damaged infrastructure in industrial parks. That is, if there was a Russian attack, something was lost or destroyed, the state will be able to give you up to UAH 200 million to restore the infrastructure. I think it will be adopted by the government in a week or two, and we will soon receive applications,” he said during the annual Eco-Industrial Parks Conference in Kyiv on Friday.
He expressed hope that there will be few applications for restoration, but reminded that there are already “two bad cases, and it is on them that we have developed this mechanism of support from the state for those who suffered.”
Mr. Kindrativ also noted that the incentives provided by the state for the development of industrial parks are enough to develop a network of them.
“For our part, we see one big gap that we have been working on for two years now, and we hope to achieve results – a program to support and develop the capacity of IPs, management companies, and participants. That is, it is not enough to create and register an IP, it is necessary to fill it with appropriate meanings and tools, to bring in residents and give it life, and this requires additional competence and those who create the park do not always have it,” said the Deputy Minister of Economy.
According to him, launching this program this year is one of the government’s priorities.
Mr. Kindrativ also reminded that Ukraine is probably the only country in the world that has developed and approved the standard of an eco-industrial park at the state level.
“And it seems to me that for businesses that are planning and looking towards industrial parks, this is a good beacon of what they should do to develop in this direction,” he summarized.
As reported, as of the end of 2025, 37 industrial enterprises were built or under construction in Ukrainian industrial parks, of which 22 plants have already been built and 15 are under construction.
Currently, the Register of Industrial Parks includes more than 113 objects. Industrial parks are part of the investment component of the Made in Ukraine policy for the development of Ukrainian producers.
In October 2025, for example, a Russian missile destroyed the Sparrow Industrial Park in Lviv.
The EIP Ukraine 2026 conference is being implemented as a flagship national event within the framework of the Global Eco-Industrial Parks Program II – Ukraine: National Implementation (GEIPP-II Ukraine) project.
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The updated Rapid Damage and Needs Assessment (RDNA5) showed $13.9 billion in losses and $33.5 billion needed to restore education and science in Ukraine, according to the Ministry of Education and Science.
“The education and science sectors have also suffered significant losses. Total losses are estimated at $13.9 billion and cover the infrastructure and assets of all subsectors, from preschool education to scientific institutions,” the ministry said in a statement.
It is noted that the most damage was recorded in scientific infrastructure, higher education institutions, and schools, particularly in the Kharkiv, Zaporizhzhia, Dnipropetrovsk, Mykolaiv, Kherson, Sumy, Chernihiv, Kyiv, Luhansk, and Donetsk regions, as well as in the city of Kyiv.
“For the complete restoration and reconstruction of the education and science sector for 2026-2035, the total need is estimated at $33.5 billion,” the ministry added.
The priority areas for support are: reconstruction of educational institutions; restoration of face-to-face learning through the construction and modernization of shelters and the introduction of temporary solutions to ensure access to face-to-face learning; comprehensive overcoming of learning losses (improved teaching practices, flexible catch-up programs, and psychosocial support are needed to compensate for lost learning time and overcome psychological trauma).
“When we talk about the damage caused by Russia to the Ukrainian education and science system, we are not just talking about destroyed buildings. It is limited access to education, lost opportunities, and educational gaps that affect children’s future earnings and the country’s economic potential — and these consequences are exacerbated as long as the war continues,” the press service quotes Minister of Education and Science Oksen Lisovyi as saying.
The RDNA5 report was prepared jointly with the World Bank, the European Commission, and the UN. It covers the period from February 24, 2022, to December 31, 2025. The total cost of recovery in Ukraine as of December 31, 2025, is $588 billion (over EUR500 billion) over the next decade, which is almost three times Ukraine’s projected nominal GDP for 2025.
The European Investment Bank (EIB) has allocated EUR46.2 million to support Ukrainian municipalities in restoring vital public infrastructure and providing essential services, backed by an EU guarantee under the European Commission’s investment program for Ukraine.
“This funding is directed where it is most needed: to restore and support essential public services for Ukrainian citizens. This support comes at a critical moment, as Russia intensifies its attacks on civilian infrastructure. The European Commission intends to continue its close cooperation with the European Investment Bank, using the Ukraine Assistance Program to provide vital support to Ukraine and its people,” said Valdis Dombrovskis, European Commissioner for Economy and Productivity, Implementation, and Simplification.
In particular, EUR 28 million has been allocated under Ukraine’s Urban Public Transport Projects I and II, which support the renewal of urban transport fleets with modern, energy-efficient vehicles. Thanks to this funding, Kyiv, Lviv, and Mykolaiv will receive new buses; Zaporizhzhia, Ternopil, and Kremenchuk will receive trolleybuses; Dnipro and Kamyanske will receive trams; and Uzhhorod will receive electric buses.
As part of Ukraine’s municipal infrastructure development program, the EIB has allocated EUR 13.3 million to modernize vital local services. The funding supports the reconstruction of public lighting systems in Dnipro and Kamyanske, the modernization of water supply and sewage systems in Lutsk, the improvement of energy efficiency in schools and kindergartens in Sumy, and the improvement of solid waste management in Lviv for the reclamation of the Hrybovychi landfill.
An additional EUR 4.9 million has been allocated under the Ukraine Public Buildings Energy Efficiency Program to support projects in the cities of Rivne, Korets, and Kovel. The sub-projects focus on the energy-efficient modernization of schools, kindergartens, and medical facilities, including insulation, window replacement, and heating system upgrades. This funding is complemented by an E5P investment grant for hospital buildings, such as the Kovel City District Territorial Medical Association, which helps improve energy efficiency, comfort, and quality of service in healthcare facilities.
The European Investment Bank has been operating in Ukraine since 2007. Following Russia’s full-scale invasion in 2022, the Bank stepped up its financial support to help strengthen the country’s resilience and rebuild its infrastructure. Since then, the EIB has provided EUR4 billion in financing to Ukraine.
Italy intends to sign an intergovernmental agreement with Ukraine for EUR 50 million to purchase Italian goods and services for recovery and allocate EUR 100 million to the ERA (Economic Resilience Action) of the International Finance Corporation (IFC) of the World Bank Group to support the private sector, Italian Finance Minister Giancarlo Giorgetti said.
“I would like to emphasize that all these initiatives will be financed from new grant resources, with the clear intention of not placing an additional burden on Ukraine’s state budget,” he said at the URC2025 Ukraine Recovery Conference in Rome, according to a correspondent from the Interfax-Ukraine news agency.
The minister also announced an additional contribution of EUR 10 million for the implementation of an EBRD project in the agro-industrial sector, which aims to modernize Ukraine’s agro-industrial sector while promoting its integration into global value chains.
In addition, Giorgetti stressed the importance of technical cooperation as a basis for effective and sustainable reconstruction and announced his intention to allocate EUR 1.5 million to the European Bank for Reconstruction and Development (EBRD) initiative FIRST (Ukraine Facility for Infrastructure Reconstruction) to assist in the preparation of public investment projects for the reconstruction of infrastructure facilities in Ukraine.
At the first “EU-Ukraine Investment Conference” in Warsaw on Wednesday, the European Union called for mobilizing private investment in areas critical to Ukraine’s recovery, the European Commission (EC) said.
“Under this call, EU businesses, including joint ventures or consortia involving both European and Ukrainian companies, are invited to submit proposals by March 1, 2025. Proposals will be reviewed and linked to the most suitable investment projects financed by the Investment Framework for Ukraine, which is an integral part of the EU’s EUR 50 billion Ukraine Fund,” the EC communiqué says.
“Ukraine’s recovery requires both public funding and partnerships with the private sector. By combining these efforts, we can maximize investment, support the country’s recovery and its gradual integration into the EU single market. Indeed, facilitating private sector participation in Ukraine’s recovery and reconstruction will be key to its success,” said Oliver Vargey, European Commissioner for Neighborhood and Enlargement Policy.
The European Commission named the priority areas of the EU’s call: development of sustainable energy solutions, including renewable energy projects and modernization of existing energy infrastructure; investment in processing of critical raw materials – key minerals and resources needed for high-tech industries and renewable energy technologies; revitalization and modernization of the manufacturing and production sector to increase industrial competitiveness; support for construction and reconstruction of Ukraine; and support for the development of the energy sector.
The two-day conference, according to the EC, brought together more than 5,000 participants, including companies, banks and investors from Ukraine, the EU and other countries, to mobilize private investment in the recovery, reconstruction and modernization of Ukraine.
Italian Foreign Minister Antonio Tajani said that his country is ready to host and organize the 2025 Ukraine Recovery Conference, the Italian Foreign Ministry website reports.
“The Italian government is firmly committed to supporting the recovery and reconstruction of Ukraine, as evidenced by the wide and authoritative presence of our business community in Berlin. We have also put this issue at the center of our G7 presidency: we expect concrete results from the Conference and are ready to take over the organization of its holding in Italy in 2025,” Tayati said at the annual Ukraine Recovery Conference, which this time took place in Berlin.
The politician also added that Italy’s bilateral assistance amounts to more than two billion euros. This is the amount excluding military aid and the contribution to the pan-European aid.
“The 2025 Recovery Conference will be attended by heads of state and government from 77 countries: a total of about 1,800 participants are expected. 500 companies will be invited, including 150 from Germany, 150 from Ukraine and 200 from other participating countries,” the Foreign Ministry added.
