The World Bank approved a EUR 300-million loan to support reforms and mitigate the impacts of the COVID-19 pandemic in Ukraine. “The World Bank’s Board of Executive Directors approved the EUR-300 million Second Economic Recovery Development Policy Loan (DPL) for Ukraine in support of reforms critical to the country’s economic recovery and growth, and to…
On December 16, the Verkhovna Rada of Ukraine passed at the second reading the law on the creation of preconditions for sustainable development and modernization of domestic industry, providing for the establishment of localization requirements when purchasing machine-building products. Bill No. 3739 was supported by 323 MPs. The adopted document improves the public procurement procedure…
Prime Minister of Ukraine Denys Shmyhal believes that Ukraine and Turkey will ink a free trade agreement next year. “I strongly believe that we will sign this agreement next year. The visit of the President of Turkey to Ukraine is scheduled for February 2022. I think that we will approach a balanced agreement until then,”…
In 2022, PJSC “Export-Credit Agency” (ECA) plans together with banks to launch a UAH 20-billion program in support of Ukrainian exporters. “Next year, we plan to launch a new program of cooperation with banks, providing at least 20 billion UAH in support of exporters,” Acting Chairman of Board of ECA Ruslan Hashev said at the…
President Volodymyr Zelensky suggests that Belgium should join in supporting the European aspirations of Ukraine. “Invited Belgium to join in supporting European aspirations of Ukraine by signing the Declaration. Also invited Belgium investors to participate in infrastructure projects in Ukraine,” Zelensky posted on Twitter. The President’s Office informs that the Head of State held a…
This week, investors are expected to file the first two applications for investment projects totaling $96 million under Ukraine’s Investment Nanny program. “This week, the first two applications for investment projects will be filed. The total sum of investments under these applications exceeds $96 million,” Prime Minister of Ukraine Denys Shmyhal said, opening the 2nd…
Ukraine’s Investment Promotion Office (UkraineInvest) plans to boost the inflow of foreign direct investment in the production sector of Ukraine up to $5 billion a year until 2025. “Our program aims to boost the annual inflow of foreign direct investment to Ukraine at the level of $5 billion until 2025. As of the first half…