SCHNEIDER GROUP News
At the Rebuild Ukraine conference in Toronto, Ukraine called on Canadian businesses to invest
18/12/2023
Rostyslav Shurma, Deputy Head of the Office of the President of Ukraine, stated at the conference that Ukraine offers two opportunities for Canadian investors: the first is the reconstruction of the country and the economy. The second involves Ukraine's natural advantages, such as significant reserves of natural gas, enormous potential for the production of solar, wind energy, and hydrogen, as well as the largest lithium and uranium reserves in Europe.
Three EU countries contribute €21 million to energy-efficient recovery projects, while Ukraine, along with G7+ countries, initiates the Clean Energy Partnership
15/12/2023
Sweden, Norway, and Finland have announced a contribution of €21.5 million to the Eastern Europe Energy Efficiency and Environment Partnership (E5P) fund. These funds will be directed to support critical municipal infrastructure and ecological investments in Ukraine, as reported by the Ministry of Infrastructure.
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."
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About SCHNEIDER GROUP
Since 2006 SCHNEIDER GROUP has been supporting international companies expanding to Ukraine. Our portfolio includes a full scope of services: from market analysis and partner search to complete accounting outsourcing, legal and tax consulting, and interim management services. We take over all non-core business functions so that our clients can focus on developing their business. We help our clients establishing subsidiaries in Ukraine compliant with local legislative requirements and transparent for international management. Our experts offer advice on best practices to optimise processes, reduce risks and minimise costs.
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