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Saturday, 23 November 2024, 05:23
The European Investment Bank and European Bank for Reconstruction and Development plan further investments in Ukraine’s economy, trying to take into account war risks and evenly distribute funds between the public and private sectors.
The European Commission is considering offers to Ukraine in the field of supporting its energy sector as this issue was discussed in detail at the Ukraine Recovery Conference in Berlin on June 11-12, as well as on its sidelines.
In May 2024, the cargo turnover of Ukrainian seaports totalled 8.265 million tonnes, almost twice as much as in May last year.
On the night of June 12, a Russian drone attack damaged a power facility in the Sumy region, leaving 14 settlements without electricity.
On June 11, 2024, Ukraine’s Ministry of Finance raised UAH 11.355 billion to the state budget at an auction for the placement of domestic government bonds.
To stimulate business and develop production capacity, the Ukrainian energy market needs to be liberalized wherever possible.
According to NPC Ukrenergo, the business is ready to build about 1 GW of generation.
In 2024, Switzerland will provide additional grant funds in the amount of 10 million Swiss francs for the restoration of Ukraine's railway infrastructure.
11 June 2024
Mykolaivvodokanal and the European Bank for Reconstruction and Development (EBRD) have signed an agreement to provide almost €25 million to restore the water supply in Mykolaiv.
Liquefied natural gas is entering the Ukrainian market from Poland, and there are signs of Russian diesel fuel entering the market through Romania.
Reforms help to increase and strengthen the confidence of foreign investors in Ukraine, and it is in the EU's interest that Ukraine succeeds.
Ukraine and Germany have signed a declaration that will further develop the capacity for institutional development and implementation of corporate reform of the Entrepreneurship Development Fund.
The United States is providing USD 824 million to support Ukraine's energy infrastructure.
The World Bank, together with partners and donors, has mobilised USD 42 billion in support of Ukraine under the PEACE initiative, of which more than USD 38 billion has already been disbursed in tranches.
The European Bank for Reconstruction and Development will sign another agreement to allocate one billion euros to Ukraine for energy needs as part of the international conference on the restoration of Ukraine in Berlin.
The European Union is providing Ukraine with substantial financial assistance as part of the EUR 50 billion Facility for Ukraine, and at the same time, is signing the first agreements worth EUR 1.4 billion together with partner European banks to attract foreign capital investment to Ukraine.
Ukraine needs $10 to $30 billion in annual investments from partners over the next 10 years.
The National Bank of Ukraine has made decisions that will facilitate the development of lending for energy infrastructure reconstruction projects.
Minister of Energy German Galushchenko of Ukraine and the Minister of Trade and Industry of Norway, Cecilie Myrseth, have signed a memorandum on energy partnership.
Ukraine and Japan will deepen cooperation in the field of infrastructure recovery, green recovery, energy, and agriculture.
The National Bank of Ukraine adopted a set of decisions to stimulate the involvement of the banking sector in financing projects for Ukraine’s economic recovery.
As of June 10, the planned volume of electricity imports to Ukraine is 24.8 thousand MWh, while no exports are planned.
Since the beginning of the year, Ukraine’s metallurgical enterprises have increased steel production by 31.2% compared to the same period in 2023.
10 June 2024
In 2025, there remains a risk regarding the rhythm of foreign aid inflows and the ability to ensure full coverage of military expenditures.
Predictable and consistent budget support, as well as the reconstruction of the energy sector, are the main priorities within the scope of the work of the Multilateral Donor Coordination Platform for Ukraine.
The US government will provide free mineral fertilisers for field work in the 2024-2025 season for more than 3,300 Ukrainian agricultural producers from the frontline and de-occupied regions as part of the AGRI-Ukraine initiative.
In Donetsk region, the owners of destroyed and damaged housing have already been allocated UAH 1.4 billion under the eRestoration programme.
"Naftogaz" is signing a number of agreements in Berlin, in particular to decarbonise the Ukrainian energy sector.
As of May 2024, losses and damages to Ukraine's energy sector as a result of Russia's full-scale invasion exceeded USD 56 billion.