This is a weekly digest of news about investment and business development in Ukraine from the UkraineInvest team

The European Commission has drawn up a legal proposal on the use of frozen russian assets for the benefit of Ukraine.
The European Commission is ready to provide proposals on how to use frozen russian assets in the interests of Ukraine. This was announced by European Commission spokesperson Christian Wiegand. The official reminded that this issue was discussed by EU leaders at the last European Council meeting in late June.

Entrepreneurs have received UAH 60 bln under the Affordable Loans 5-7-9% programme since the beginning of 2023.
Last week, 397 entrepreneurs received loans under the government programme. In total, since the start of the programme, banks have issued 70.7 thousand loans worth UAH 227 bln to businesses. The most frequent recipients of loans under the programme are companies operating in the following sectors:
– agriculture – 52%;
– trade and production – 25%;
– industrial processing – 14%.

The Czech RSJ Fund is considering investing more than €12 mln in biomass boilers in Ukraine.
The total capacity of the boiler houses is 80 MW. The ultimate goal is to ensure uninterrupted heat supply to Ukrainian hospitals and other institutions.

The Ministry of Economy of Ukraine is calling on businesses in the de-occupied territories to apply for grants for processing companies. 
Businesses can now receive a grant of up to UAH 8 mln from the state for processing and cover 80% of the project cost. The government has focused this programme specifically on the de-occupied territories and those areas where hostilities took place. A prerequisite for receiving funds is the creation of up to 25 jobs. You can apply for a grant through the Diia portal.

Vlasne, a UAH 4 mln acceleration programme for businesses, has been launched in Ukraine. 
The programme provides educational, mentoring and financial support. Entrepreneurs of all sizes can join the programme. Upon completion of the programme, 30 winners will be selected to receive UAH 100,000 of financial support each, and 10 participants with the highest scores will compete for UAH 800,000.

PJSC “Kriukivskyi Railway Car Building Works” won the tender of the Kyiv Metro.
The proposal of the domestic car builders for the contract “Purchase of new subway trains (including spare parts and consumables, equipment and tools for maintenance, repair and related services) in the amount of EUR 79,195,560 including 20% VAT” was accepted by the tender committee and agreed with the European Bank for Reconstruction and Development (EBRD). The company emphasises that in addition to “KRCBW”, the Czech company Skoda also took part in the tender, but the domestic manufacturer’s offer was 37% cheaper.

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