Business news from Ukraine

SWITZERLAND TO HOLD INTERNATIONAL CONFERENCE ON RESTORATION OF UKRAINE

Switzerland will hold an international conference on the restoration of Ukraine on July 4-5, the EFE news agency reported on Monday.
The conference, which will be held in Lugano, will be organized by the Swiss government together with Ukrainian representatives. It is expected that the discussion of the restoration of Ukraine will be held in four main directions: social, economic, environmental and infrastructural.
It is expected that the meeting will be attended by delegations from European countries, as well as from Canada and the USA. Representatives of international organizations, including the World Bank, are expected to attend the event.
In parallel with the conference, a cultural program is planned: concerts of classical and jazz music with musicians and artists from Ukraine.

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MAYOR OF CAPITAL KLITSCHKO: KYIV WILL ALLOCATE ABOUT 18 MILLION EUROS FOR RESTORATION OF BUILDINGS DAMAGED BY SHELLING

Kyiv is allocating funds and is starting to reconstruct and overhaul residential buildings and premises of the social infrastructure of the capital, damaged by the shelling of Russian barbarians. This was announced by the mayor of the capital Vitali Klitschko in the Telegram channel on Monday.
“The capital allocates about UAH 600 million from the budget. The government promised to provide another UAH 200 million. We very much count on it. After all, almost 390 buildings need to be restored in the capital. Of these, more than 220 are residential buildings. Others are social infrastructure facilities (medical institutions, kindergartens, schools, social security institutions, administrative buildings),” Klitschko wrote.

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AUSTRIAN COMPANY WILL DEVELOP MASTER PLAN FOR RESTORATION OF UKRAINIAN TROSTYANETS

The Austrian company iC consulenten ZT GmbH will develop a master plan for the restoration of Trostyanets (Sumy region), Mayor Yuriy Bova said.
“We agreed with iC consulenten ZT GmbH to work together on the concept of restoring the future of Trostyanets – a safe, environmentally friendly, comfortable city,” the mayor said on Facebook after a meeting with representatives of the company in Vienna.
According to him, the company will do the work for free. The development will take three to four months.
iC consulenten is an engineering and consulting company that is part of the Austrian iC group. The company is represented in more than 100 countries. Started working in Ukraine in 2013. Among the projects of iC consulenten in Ukraine are the technical supervision of the construction of the Zaporozhye bridge, the implementation of traffic management systems in Lviv, technical support for the project of energy modernization of municipal buildings, etc.

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DENMARK WILL PROVIDE UKRAINE WITH PRACTICAL ASSISTANCE IN RESTORATION

Denmark will soon provide practical reconstruction assistance to Ukraine, Danish Foreign Minister Jeppe Kofod said.
“We will partner and invest in the reconstruction of Ukraine. And I reaffirmed Denmark’s commitment to the restoration of Mykolaiv. We want to move on to more detailed information from Ukrainian partners. But as we speak, we have economic assistance, as well as practical assistance to Ukraine which is already on its way: it will help rebuild your country. Because we must do everything possible to show that such destruction should not happen and that we will overcome it as soon as possible,” Kofod said at a press conference with the Foreign Minister Affairs of Ukraine Dmitry Kuleba in Kyiv on Monday.

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PM OF UKRAINE INVITES INTERNATIONAL FINANCE CORPORATION (IFC) TO JOIN RESTORATION OF UKRAINIAN CITIES

Prime Minister of Ukraine Denys Shmygal invited the International Finance Corporation (IFC) from the World Bank Group to join the reconstruction of Ukrainian cities.
“The head of the Ukrainian government spoke about the scale of destruction as a result of Russia’s criminal actions and expressed hope for the support of the International Finance Corporation in the issue of restoring the housing stock and social infrastructure,” the press service of the government said after a meeting between Shmyhal and the managing director and executive vice IFC President Makhtar Diop.
According to him, Ukraine plans to carry out the restoration on the principles of a green economy.
The prime minister also noted that he was counting on IFC assistance in financing the restoration of the transport infrastructure of Ukrainian cities, especially those most affected by the actions of the occupiers.
“We are interested in creating a financial platform for the IFC, which will finance more Ukrainian cities. Today, attracting foreign investment in the restoration of critical and social infrastructure is one of the most important issues on the agenda of Ukraine,” the head of government added.
In addition, Shmyhal focused on the need to extend public-private partnership projects after Ukraine’s victory. In particular, this concerns the implementation of concession projects at airports, railway stations, seaports, as well as public-private partnership projects in the road industry.
“The resilience of the people of Ukraine is outstanding. Consider IFC as a strong and strategic partner that will play its part in supporting the private sector,” Diop tweeted after the meeting.

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THE EU BEGINS NEGOTIATIONS ON UKRAINE’S ACCESSION TO A PROGRAM THAT WILL ALLOW THE RESTORATION OF THE ECOSYSTEM AFTER THE WAR

The European Commission begins negotiations on Ukraine’s accession to the Life for Climate and Environment Program, which will allow receiving EU support in restoring the ecosystem after the war waged against it by Russia.
“Today, the European Commission begins negotiations with Ukraine to offer the country the opportunity to join the Life for Climate and Environment Program,” European Commission spokesman Adalbert Janz said at a briefing on Thursday.
According to him, by joining the Life Program, Ukraine will benefit from European support in rebuilding its environment after the destruction caused by the Russian attack. In particular, we are talking about heavy pollution and damage caused to the ecosystem. “This will be useful in order to secure the long-term well-being of the country and its sustainability,” he stressed.

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