Current news on Rebuild Ukraine topic

EU and Denmark Provide Over €3 Million for the Reconstruction of a Wind Power Plant Damaged by Russia.

One of the most modern wind power plants in Ukraine, damaged as a result of Russian attacks, has received three new wind turbine blades worth €3.23 million, purchased and installed with funds from the Ukraine Energy Support Fund. The procurement of the blades was made possible with the support of the European Union and Denmark.

“When we restore Ukraine’s wind turbines, we do more than just restore electricity for the Ukrainian people and industry. We support the fight for freedom and ensure a stronger and more sustainable Ukraine and Europe in the future,” said the Danish Ministry of Energy.

According to Svitlana Hrynchuk, Minister of Energy of Ukraine, this is a very important contribution from partners, not only to strengthen energy independence but also to advance Ukraine’s green transformation. It is noted that since 2022, under the activities of the Ukraine Energy Support Fund, contracts worth €682 million have been signed. In total, 59 Ukrainian energy companies have signed contracts for the supply of energy equipment and services. According to the latest data, the Fund has already mobilized over €1.16 billion.

Non-Residential Construction in Ukraine Increased by 36% Over the Year

According to State Statistics Service of Ukraine, in Ukraine, the volume of completed construction works for January–July this year increased by 16.1% compared to the same period last year, reaching UAH 117.7 billion. Over the seven months, building construction volumes grew by 27.7%, of which residential buildings increased by 12%, non-residential buildings by 36.4%. The volume of engineering structures construction grew by 8%. The share of new construction in the total volume of completed construction works was 43.4%, repairs – 29%, and reconstruction and other works – 27.6%.

As noted by the statistical office, for the period of January–July, the construction output index increased by 10% compared to the same period last year, while in residential construction the growth was 4.9%, in non-residential construction – 28.7%, and in engineering construction – 2.4%. In July, the index grew by 44.5% compared to July of last year, but decreased by 2.8% compared to June. The data are provided excluding temporarily occupied territories and parts of the territory where hostilities are ongoing or took place.

Ukraine Updates Mineral Classification to EU Standards and Announces Sale of 11 Special Subsoil Permits for UAH 51 Million

The government adopted a resolution amending the Classification of Reserves and Resources of Minerals of the State Subsoil Fund. The document aligns the national system of mineral reserves calculation and accounting with the UN Framework Classification. This approach is applied in EU countries and is mandatory for assessing strategic projects under the EU Critical Raw Materials Act. It creates conditions for re-evaluating strategic and critical raw materials according to standards understandable to investors and allows for more efficient preparation of sites for auctions and production sharing agreements.

The decision also ensures Ukraine’s compliance with international obligations: the National Program for the Development of the Mineral Resource Base, the Plan for Critical Materials Management, and the US–Ukraine Agreement on the creation of the American–Ukrainian Reconstruction Investment Fund.

“This decision will make the sector more transparent and understandable for investors, increase the competitiveness of Ukrainian raw materials in the global market, and open new opportunities for business and economic development,” commented Prime Minister Yuliia Svyrydenko.

In October, she is scheduled to hold meetings in the United States regarding mineral extraction in Ukraine under the subsoil agreement. Meanwhile, the government has already reallocated UAH 14.68 million from the state budget to prepare investment projects in accordance with the provisions of the Ukraine–US agreement.

At the same time, the State Service of Geology and Subsoil of Ukraine announced the tenth auctions of 2025, offering 11 subsoil plots with deposits of limestone, clay, sand, amber, loose sedimentary rocks of sand–boulder composition, and underground mineral waters. The total starting value of the lots is UAH 51.4 million. The auctions are scheduled for October 15.

Ukraine to Establish a National Development Institution: Bill Approved for Second Reading

The Committee on Finance, Tax, and Customs Policy has recommended that the Verkhovna Rada adopt in the second reading Draft Law No. 11238 “On the National Development Institution.”

The draft law provides for the creation of the National Development Institution (NDI) through the reorganization of the Entrepreneurship Development Fund. The NDI will perform functions related to providing financial and other support for the development and reconstruction of Ukraine’s economy.

The Chair of the Committee, Danylo Hetmantsev, stated that the National Development Institution (NDI) is a state specialized institution with the status of a “bank of banks” and a clear mandate for economic recovery and structural transformation. Its main mission is the implementation of credit programs for the country’s reconstruction.

The draft law envisages:

• Addressing financing issues for relocated businesses, enterprises in frontline regions, businesses of internally displaced persons, as well as high-risk projects;
• Attracting private investment funds and directing them toward economic recovery through various financial instruments;
• Supporting primarily small and medium-sized enterprises that are in difficult conditions but have potential for recovery and development;
• Providing support to other categories of persons (including individuals) who do not have access to financing on adequate terms or whose access is limited due to the crisis, imperfect market mechanisms, or other circumstances;
• Enhancing the Export-Credit Agency (ECA) instruments, such as insurance and reinsurance, including coverage against war and/or political risks, for loans of Ukrainian economic entities related to investments in the creation of facilities and infrastructure necessary for the development of the processing industry and the export of goods (works, services) of Ukrainian origin;
• Enabling the ECA to participate in state programs for war risk insurance and compensation programs in the event of damage caused by military actions.