Latest news on Rebuild Ukraine topic

Poland created a program for restoring Ukraine with the participation of Polish business

The President of Poland, Andrzej Duda, signed an amendment to the law on export insurance, which is guaranteed by the State Treasury. This amendment allows the Polish state insurance corporation KUKE to provide more effective support to private business, interested in the recovery of Ukraine.

The program provides for three main aspects: safe trade with Ukraine, support of investments of Polish companies for export to Ukraine and support of the development of Ukraine through the financing of investment projects.

Ukraine allocated ₴60 billion on rapid reconstruction and offers partners a special mechanism for attracting funding for the reconstruction of the country

Speaking at the Yalta European Strategy, the Prime Minister of Ukraine announced that Ukraine has already allocated more than ₴60 billion for the rapid reconstruction of the country. These funds are allocated for demining, reconstruction of citizens' housing and protection of critical infrastructure.

The Prime Minister also presented a new mechanism for attracting funding for the reconstruction of the country. It includes three components.

The first is a compensation fund, where funds confiscated from Russian oligarchs and Russia as an aggressor country will be directed.

The second component is the creation of a compensation commission that will determine the effective use of these funds.

The third component is an international register of losses, which will allow Ukraine to compensate for all losses caused by Russian aggression.

Japan and Luxembourg are ready to cooperate with Ukraine in the field of business and reconstruction

The Prime Minister of Ukraine held a meeting with the Minister of Foreign Affairs of Japan and representatives of Japanese companies. He noted the interest of Japan's big business in long-term cooperation with Ukraine and emphasized the receipt of $2.1 billion in macro-financial assistance from Japan.

The parties discussed prospects for cooperation in various areas, in particular, in housing reconstruction, guaranteeing global food security, supporting small and medium-sized businesses, and humanitarian demining. The favourable business climate for investments and the opportunity for Japanese companies to become residents of Diia.City was also noted.

It was also noted that Luxembourg is ready to join programs supporting small and medium-sized businesses in Ukraine, the development of "green metallurgy", expanding access to credit for enterprises and partnerships in the field of financial technologies. The Minister of Economy of Luxembourg, expressed readiness to involve the European Investment Fund and the Fund for the Future of Luxembourg to support the private sector in Ukraine.

The Republic of Korea plans to join the reconstruction of Ukraine

The Republic of Korea plans to join the reconstruction of Ukraine and has already presented six pilot projects during the Ukrainian-Korean business forum held on September 14 in Kyiv.

The main sectors on which their attention was directed are urban development, water treatment, reconstruction and development of transport infrastructure. Six pilot projects were selected during a series of 13 bilateral video conferences.

These projects include:

  1. Development of a transport master plan of the Kyiv region in the amount of $800,000.
  2. A plan to support Ukrainian airports, with a focus on nine regional airports, as well as Boryspil and Lviv airports.
  3. Reconstruction and wastewater treatment in the town of Bucha.
  4. Renovation of the railway, including a high-speed connection between Kyiv and Poland.

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.

Ready to start? – Get in touch!
loading captcha...