The Government of Ukraine offers foreign investors specific tools to enter the Ukrainian market.
These instruments include war risk insurance infrastructure, industrial parks and tax benefits for their use, support for projects with significant investments of more than EUR 12 million – compensation of up to 30% of the investment amount. Another important component is the investment component of the Ukraine Facility – the Ukraine Investment Framework Programme, which will attract up to EUR 40 billion of public and private investment.
The Ukrainian Cabinet of Ministers has amended the ECA’s charter to insure investments against war risks.
The next step is for the ECA to register the new amended charter, approve tariffs, a standard contract and a new product – a war risk insurance policy. This is expected to take several weeks. If all goes well, ECA will start offering the service to Ukrainian companies in the second half of May.
The National Bank of Ukraine is finalising a draft law on the war risk insurance system.
The concept envisages a three-tier model: local insurers and other institutions performing agency functions, and a specially created State Agency for War Risk Insurance, to be joined later by international reinsurers. Responsibilities will be allocated among these levels in order of priority, based on defined limits.
The Ukraine Investment Framework will provide new opportunities for Ukrainian companies to raise finance.
The second pillar of the Ukraine Facility, the Ukraine Investment Framework (UIF), aims to mobilise investment for Ukraine’s recovery and development. By offering a range of risk-sharing instruments, blended finance and grants, the UIF should help to attract finance for economic growth.
The Icelandic Parliament has adopted a resolution on long-term support for Ukraine for 2024-2028.
The resolution aims to support Ukraine’s independence, sovereignty, borders, civil security, humanitarian aid and reconstruction.
Germany launches new grant programme for Ukrainian businesses.
The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) announces the launch of a new grant programme for Ukrainian businesses, which provides the opportunity to receive a grant for eco-modernisation of up to EUR 1 million.
Nibulon has received EUR 12,8 million from the Danish Export Investment Fund (EIFO) to modernise its agricultural machinery.
The funds were provided as part of EIFO’s social programme to support Ukraine. The programme finances projects using the best Danish technologies and innovative solutions for the public and private sectors.
For the second month in a row, Ukrainian businesses have given a positive assessment of their performance.
The Business Confidence Index (BCI), calculated by the National Bank of Ukraine (NBU) on a scale of zero to 100, remained above the neutral level for the second month in a row, rising by a further 0.3 points to 52.3 in April.
The owner of Europe’s largest pharmaceutical company is investing USD 200 million in quantum computing start-ups.
Experts say quantum computing could be one of the most transformative technological developments of the 21st century. Technology companies and governments are working to create machines that harness the power of quantum mechanics to perform scientific calculations that would take most computers millions of years to complete.
MHP acquires a Ukrainian meat processing company for EUR 14 million.
The Group has already acquired 24.9% of the company for EUR 3.5 million. The acquisition of the remaining stake is subject to approval by the Ukrainian Antimonopoly Committee.
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