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

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

As of February 2024, Ukraine’s investment map includes 144 investment projects worth USD 5 bln.

Of these projects, 50 are in the area of reconstruction of Ukraine. The map currently includes 68 projects from companies and 76 from municipalities. In 2023, 21 inquiries were received from potential investors interested in the projects on the map.

Ukrainian eco-startup Carbominer has received a EUR 1.5 mln grant from the EIC Accelerator.

The team’s first area of focus is indoor farming. The project’s global vision is to ensure more sustainable food production by supplying atmospheric CO2 to greenhouses.

Ukraine’s Ministry of Economy and the European Investment Bank are working to provide affordable finance for Ukrainian businesses.

The European Investment Bank is one of the EU’s largest financial institutions supporting the resilience of the Ukrainian economy through direct financing, guarantees to Ukrainian banks and technical assistance. This is of great importance for the implementation of the Ukraine Facility’s Ukraine Plan and the further recovery process in Ukraine.

The IMF-coordinated Ukraine Capacity Development Facility (UCDF) has been launched in Ukraine.

Participants at the inaugural Steering Committee meeting approved the initial work plan of the UCDF and its financing of USD 27.5 mln, which will cover technical assistance from the IMF and partners over the period 2024-2028.

The World Bank has increased its estimate of the cost of rebuilding Ukraine to nearly USD 486 bln.

The sectors most affected are trade and industry, agriculture, energy and transport.

In January, GDP grew by 3.5% on the back of expanded logistics capacity and increased investment demand.

According to preliminary estimates, the main sectors of the economy showed positive momentum in January. The transport sector was supported by an increase in domestic rail transport and seaport cargo handling. The continued recovery in economic activity, driven by export-oriented industries, namely metallurgy, metal ore mining and agro-processing, and energy, not only led to positive trends in industry, but also generated demand for the products of related companies.

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