Ukraine will receive substantial funds from the Republic of Korea for the development of innovative economic projects.
First Deputy Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko and Korean Ambassador to Ukraine Kim Hyun-tae signed an agreement on loans from the Korean Economic Development and Cooperation Fund (EDCF). According to the agreement, Ukraine or a resident business entity that has received a state guarantee is entitled to receive long-term low-interest loans from the Export-Import Bank of Korea through the Economic Development and Cooperation Fund (EDCF). In the first phase, such loans can be used for the supply of equipment. And from 2025, it will be possible to obtain infrastructure loans for the reconstruction of power plants.
https://t.ly/2i_96
The EU has started accession negotiations with Ukraine and Moldova.
At the end of the accession negotiations, Ukraine will be three steps away from full EU membership: the European Commission’s conclusion that the negotiations have been successfully concluded and that Ukraine has met the accession criteria; the decision to sign the accession agreement; ratification of the agreement by the parliaments of the EU member states and Ukraine’s full membership of the EU.
https://t.ly/ifu8T
Ukrainian startup Ability AI has raised USD 1.1 million in investment.
The funds were raised in the pre-seed round, bringing the company’s valuation to USD 10 million. Founded in September 2023, Ability AI is developing an AI marketer to support small and medium-sized businesses. The product is currently in closed beta testing, with a full launch planned for the end of 2024. The round was led by Ukrainian fund SMRK.
https://t.ly/aC3_P
The EU will issue EUR 65 billion of bonds: part of the funds will be allocated to Ukraine.
The proceeds of the EU bonds will finance payments under NextGenerationEU and other policy programmes, including payments to Ukraine under the Ukraine Facility programme.
https://t.ly/4d-pB
The Experiment 1.01 course for entrepreneurs has been launched in Ukraine and entrepreneurs can receive USD 5,000 for business development.
This is a free training and grant programme for entrepreneurs who started their business after 2022 or intend to start a business. Course participants will work with mentors to develop business projects, and the final will select 5 winners, each of whom will receive a USD 5,000 grant to support their business.
https://t.ly/CEVhn
Business Sweden has opened an office in Kyiv.
The organisation helps Swedish companies to operate successfully abroad and is present in more than 40 international markets.
http://surl.li/iodcbw
The EU has approved the first tranche of EUR 1.4 billion in aid to Ukraine from the proceeds of frozen russian assets.
EU member states have approved the first tranche of some EUR 1.4 billion in military aid to Ukraine from the proceeds of frozen assets of the russian federation. The funds are to be allocated from the Ukraine Assistance Fund (UAF), but Hungary had previously blocked the allocation.
http://surl.li/yaeynb
Ukraine has launched a EUR 480,000 grant programme for small and medium-sized enterprises.
The Ministry of Economy of Ukraine, together with the EU and the German government, has launched a new EUR 480,000 grant programme, which will provide 12 small and medium-sized enterprises with funding of up to EUR 40,000 to develop their exports and innovations, and receive expert advice. Ukrainian companies that create products or services with a focus on export or innovation can apply for the grants.
http://surl.li/kfmefl
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