Weekly digest of news on investment and business development in Ukraine and the world from UkraineInvest

GDP grew by 3.7% in May – the economy continues to grow despite negative factors.
As a result, GDP growth in January-May 2024 is estimated at 4.3% [±1%] yoy.
http://surl.li/uqnbk

DFC has expanded its war risk insurance instruments and announced new political risk insurance programmes in Ukraine.
The US Corporation for International Development (DFC) has announced a new financing package of more than USD 350 million in political risk insurance transactions for Ukraine. The political risk insurance transactions include a USD 50 million reinsurance programme arranged by Aon and distributed by ARX, the Ukrainian subsidiary of Fairfax Financial Holdings Limited, to create a portfolio of war risk insurance policies for companies operating in Ukraine and to assist ARX in expanding its war risk insurance offering in Ukraine.
http://surl.li/uqmxw

Ukraine will receive USD 109 million in grant funding under the World Bank’s Energy Sector Recovery and Support Projects.
The World Bank is providing an additional USD 47 million in grant funding for the Re-PoWER project.
http://surl.li/uqmyc

The Ukrainian government has extended the 5-7-9 programme to a range of power generation projects.
Affordable loans are now available for the construction and installation of gas turbine, gas piston and biogas power plants.
http://surl.li/uqmyo

DFC and Proparco will each provide USD 50 million to the EBRD in 2025 to cover Ukraine’s trade finance risks.
The US Corporation for International Development (DFC) and Proparco, a subsidiary of France’s Agence Française de Développement (AFD), plan to share risks with the European Bank for Reconstruction and Development (EBRD) on a USD 100 million trade finance facility for Ukraine next year. The two organisations intend to provide up to USD 50 million each in risk-sharing guarantees to support exports and imports of key commodities. The agreement builds on a plan developed last year by the development finance institutions to cooperate on joint investments in Ukraine’s private sector.
http://surl.li/uqmyw

The European Investment Bank is launching a loan programme for Ukrainian small and medium-sized enterprises with a total volume of over EUR 1 billion.
The EIB Group is Ukraine’s most important investment partner. Since the beginning of the war, the financial institution has already lent more than EUR 2 billion to address urgent needs – to restore the country’s physical and social infrastructure, energy facilities and to support businesses, especially small and medium-sized enterprises.
http://surl.li/uqmzb

Radix Ventures announces the first round of funding for its fund in the amount of EUR 41 million.
The funding was made possible with significant support from the European Investment Fund, PFR Ventures and a group of private investors.
http://surl.li/urbcg

One of the most powerful ways to communicate that foreign businesses can and do operate successfully in Ukraine is through the voices that matter most to potential investors – those of other businesses.
We would like to invite you and your company to be featured on UkraineInvest’s web site as a “success story” of a foreign business operating in Ukraine.

Error: Contact form not found.