Weekly digest of news on investment and business development in Ukraine and the world from UkraineInvest (7 – 11 October 2024)

Weekly digest of news on investment and business development in Ukraine and the world from UkraineInvest (7 – 11 October 2024)

The Cabinet of Ministers of Ukraine has approved the signing of the first investment agreements for significant investments.
These agreements will result in investments of approximately EUR 95 million in the Ukrainian economy and the creation of more than 200 new jobs.
http://surl.li/hqdqhx

Ukraine and Japan have signed a memorandum on cooperation in attracting investment.
The Japan External Trade Development Organisation (JETRO), the Japan External Trade and Investment Promotion Agency and the Government Office for Investment Promotion and Support (UkraineInvest) have signed a Memorandum of Cooperation. This is an important step in the development of economic partnership between Ukraine and Japan, which will allow Japanese investors to explore investment opportunities in Ukraine and participate in the reconstruction process.
http://surl.li/tuoakl

The EBRD and IFC are investing USD 435 million in a newly established telecommunications company in Ukraine.
This is the largest foreign investment since the start of the war triggered by the russian invasion in February. In September, a consortium of investors completed the merger of mobile operator Lifecell with national operator Datagroup-Vola. The EBRD and IFC are each providing USD 217.5 million to finance the deal.
http://surl.li/ucetwg

Four industrial parks have received UAH 216 million in state support.
The support will go to key projects in the following parks: Zakhid-Resource (Lviv Region), Khmelnytsky (Khmelnytsky Region), Kovel Porto (Volyn Region) and Bila Tserkva 1 (Kyiv Region). These investments will create the necessary conditions for attracting investors and developing production facilities.
http://surl.li/qjksrs

The Norwegian Government has authorised Norfund to invest in Ukraine.
The capital provided by Norfund will help to reduce the risks for companies investing in Ukraine, including Norwegian companies.
http://surl.li/vbanhh

Oschadbank has provided an investment loan of USD 4.5 million to Suziria Group for the development of animal feed production.
The investment loan will help launch a new production line and expand exports.
http://surl.li/vuoriu

International chain JYSK has invested around UAH 400 million in the development of its network in Ukraine over the past two years.
Thanks to this investment, the company has opened 20 stores, renovated 17, reconstructed 6 and plans to open another 9 stores in 2025.
http://surl.li/nfaefd

ARMA has announced the conditions for foreign investors to participate in tenders for the management of confiscated assets.
According to Article 21 of the Law of Ukraine “On the National Agency of Ukraine for Finding, Tracing and Management of Assets Derived from Corruption and Other Crimes”, ARMA transfers assets to legal entities or individual entrepreneurs selected through a tender.
http://surl.li/tecpdr

US investors will account for more than 65% of venture capital investment in defence technology in Europe by 2024.
The European defence technology market has attracted $3 billion in venture capital since 2018, according to research by Dealroom. Germany, the UK and France were the main beneficiaries, accounting for 87% of this investment.
http://surl.li/ejdqgo

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