News

The government has announced a special investment mechanism of €8 billion within the four-year EU program aimed at reducing financing risks in priority sectors

15/12/2023

On December 4th, consultations were held at the Ministry of Economy of Ukraine with the EU delegation regarding Component II of the Ukraine Facility program for 2024-2027. Component II involves the establishment of a special investment mechanism amounting to €8 billion to mitigate financing risks in priority sectors. This will enable private investors to secure funding for investment projects through international financial institutions.

Germany and the European Investment Bank (EIB) have allocated a €20 million grant to support the development of renewable energy in Ukraine

14/12/2023

The Federal Ministry for Economic Affairs of Germany, the European Investment Bank, and the Ministry of Reintegration of Ukraine have agreed to sign a €20 million grant for the implementation of the Renewable Energy Solution Programme (RES).

The government has adopted two resolutions to attract over €12 million in grant funds for the reconstruction of Ukraine

14/12/2023

Prime Minister Denis Shmyhal announced, "The first decision involves amendments to the grant agreement with the European Investment Bank for the modernization of the water supply and wastewater system in Mykolaiv. The grant amount will be increased from €5 million to €8 million. The second decision is to attract €4.5 million in grant funds from the EBRD and the International Development Association for the repair of damaged housing."

The European Investment Bank (EIB) allocates over €20 billion for investments in various sectors across Europe, including logistical capabilities in Ukraine

13/12/2023

The European Investment Bank has approved €20.4 billion in new financing for investments in energy, transportation, business, education, water management, and regional development in Europe and worldwide. This includes the approval of new funding for the reconstruction of roads and bridges in Ukraine and the improvement of railway routes to Ukraine and Moldova.

Ukrainian Parliament has passed a law criminalizing the smuggling of goods and excisable products, as well as the false declaration of goods

13/12/2023

On December 9, 2023, the Verkhovna Rada of Ukraine adopted in its entirety Draft Law No. 5420 on amending the Criminal Code of Ukraine and the Criminal Procedure Code of Ukraine, aimed at criminalizing the smuggling of goods and excisable goods.

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