Weekly digest of news on investment and business development in Ukraine and the world from UkraineInvest (21 – 25 October 2024)

Weekly digest of news on investment and business development in Ukraine and the world from UkraineInvest (21 – 25 October 2024)

Portuguese Trade and Investment Agency will help Ukraine with FDI attraction.
The Portuguese Trade and Investment Agency (AICEP) will conduct a series of training sessions for the UkraineInvest team. This will allow UkraineInvest specialists to further expand their knowledge and train Ukrainian entrepreneurs in effective methods of attracting FDI and helping Ukrainian companies enter international markets.
http://surl.li/doyvyo

The signing of special investment agreements in the area of significant investments will attract EUR 96 million to the Ukrainian economy and create more than 200 new jobs.
Over the past six months, thanks to the active support of UkraineInvest, investment projects worth more than EUR 290 million have been submitted for recognition as significant and for state support. The Ministry of Economy has approved two applications and the Government has approved the signing of special investment agreements in the area of significant investments. These agreements will result in an injection of EUR 96 million into the Ukrainian economy and the creation of more than 200 new jobs.
http://surl.li/candck

Ukraine has received almost USD 300 million in financing from Canada on favourable terms – Ukrainian Prime Minister Denys Shmyhal.
Since the start of the full-scale war, Ukraine has received USD 5.4 billion in direct budget support from Canada. These funds are used to finance Ukraine’s most important budgetary expenditures, thus fulfilling the state’s obligations to its citizens.
http://surl.li/yqohaa

The finance ministers of Ukraine and the United States signed a joint statement on raising USD 20 billion under the G7 ERA initiative.
The United States of America has decided to provide up to USD 20 billion in additional assistance to Ukraine as part of a joint G7-EU loan of USD 50 billion. It will be repaid from the proceeds of frozen assets of the russian federation.
http://surl.li/ayszeg

GDP grows by 4.5% in 9 months of 2024: economic growth is supported by the agricultural sector, transport and construction.
In September 2024, the Ukrainian economy grew by 3.8% [±1%] yoy. For the first nine months of this year, GDP growth is estimated at 4.5% [±1%] yoy. Real GDP growth is expected to reach 3.5% in 2024.
http://surl.li/ptzugb

The Norwegian Foreign Minister announced the allocation of EUR 250 million to support Ukraine’s energy infrastructure.
He also recalled that Norway had recently announced an increase in the Nansen Support Programme for Ukraine to EUR 11.4 billion.
http://surl.li/xtwora

The EU has finally approved the disbursement of up to EUR 35 billion from frozen russian assets to Ukraine.
Following the successful completion of the written procedure, the EU Council adopted a financial assistance package for Ukraine, including an emergency macro-financial assistance loan of up to EUR 35 billion and a credit cooperation facility to help Ukraine repay these loans of up to EUR 45 billion provided by the EU and G7 partners.
http://surl.li/imuytc

The Chernivtsi City Territorial Community will create a new industrial park “Chernivtsi”.
The park will cover an area of 17,276 hectares and will create around 750 new jobs in various manufacturing industries such as engineering, furniture, electrical equipment, medical equipment, concrete, plastics and logistics.
http://surl.li/rrmlrd

Lithuania is investing EUR 10 million in the production of the Palyanytsia drone missile using the Danish model of direct financing of the Ukrainian manufacturer.
The mechanism for financing the production of Palyanytsia was discussed during a meeting between Serhiy Boyev, Deputy Minister of Defence of Ukraine for European Integration, and Monika Koroliovienė, Deputy Minister of National Defence of Lithuania.
http://surl.li/mdxext

The IMF has increased its 2025 financing plan for Ukraine from USD 1.8 billion to USD 2.7 billion for 2026-2027.
The IMF EFF programme now provides up to USD 2.7 billion for 2025, based on the results of four reviews.
http://surl.li/wfgbdc

Follow us on Facebook, Twitter, LinkedIn, or YouTube.