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Ukraine- Page 5

EIB and EU support modernisation of public infrastructure in Ukraine

2 mins read

The FINANCIAL — A preschool in Bakhmut, a hospital in Vuhledar and a central city library in Mariupol are only 3 of 244 public facilities currently being refurbished in eastern Ukraine thanks to support from the EU and the European Investment Bank (EIB). To date, more than 5.4 million Ukrainians, including nearly 700,000 internally displaced…

EIB to support towns most affected by conflict in eastern Ukraine

1 min read

The FINANCIAL — On 11 November, the board of directors of the European Investment Bank (EIB) approved the EIB Group Climate Bank Roadmap 2021–2025. The roadmap will guide future EIB financing to support €1 trillion of climate action and environmental sustainability investments by 2030, and align all financing activities with the principles and goals of…

Ukraine’s national postal service UkrPoshta set for overhaul in rural areas with EBRD help

4 mins read

The FINANCIAL — Millions of people in rural Ukraine will benefit from transformed postal and delivery services thanks to a €63 million loan from the European Bank for Reconstruction and Development (EBRD) to UkrPoshta, the national postal service. Matteo Patrone, EBRD Managing Director for Eastern Europe and the Caucasus, said: “We are living in a digital era, but postal and…

EU and EBRD help Ukrainian wood producer boost sustainable production

1 min read

The FINANCIAL — A leading domestic wood processing company in Ukraine has introduced new, energy efficient waste-management technologies aimed at reducing wood waste by 35% and significantly decreasing energy use. Thanks to the support received from the European Union and the European Bank for Reconstruction and Development (EBRD), ‘Zunami’ has decreased the number of oak logs…

New web platform to support cultural industry in Ukraine during pandemic

1 min read

The FINANCIAL –The new multifunctional web platform Hypermarket of Culture is now available in Ukraine. This web source will help artists, painters, musicians, hubs, galleries and museums to promote and sell services, goods and tickets for events. The EU-supported platform will also offer free consultations with digitalisation specialists and industry experts. The project aims to…

EU and WHO continue delivering oxygen concentrators to hospitals across Ukraine

1 min read

The FINANCIAL — The World Health Organization (WHO) in Ukraine continues to deliver oxygen concentrators to hospitals, thanks to the EU. So far, the equipment has been provided to medical facilities in Lviv, Novoyavorivsk, Zhovkva, Stryi, and Kamianka-Buzka. In total, the EU has funded the procurement of more than 100 oxygen concentrators for the regions…

World Bank approved $100 mln project to support economic recovery of Eastern Ukraine

4 mins read

The FINANCIAL — The World Bank’s Board of Executive Directors approved a $100 million project to support the Government of Ukraine’s efforts to promote socioeconomic recovery and development of Eastern Ukraine, where the continuing conflict has impacted the lives and livelihoods of over five million Ukrainians. The Eastern Ukraine: Reconnect, Recover, Revitalize (3R) project will focus on…

With EU support Ukrainian city will have modern energy-efficient lighting

1 min read

The FINANCIAL — The city of Chernivtsi in Ukraine is undergoing large-scale street lighting refurbishment thanks to EU support, which should be completed by the end of 2020. Chernivtsi’s streets will be equipped with modern LED lights, and as a result, the city will become more energy efficient and will save about UAH 5 million…

IFC will work with National Bank of Ukraine to boost access to financial services in Ukraine

3 mins read

The FINANCIAL – IFC, a member of the World Bank Group, announced it will be working with the National Bank of Ukraine to develop a national financial inclusion strategy aimed at improving access to digital financial services, creating jobs and boosting the country’s economic growth. In Ukraine, the share of digital, i.e. non-cash transactions—in total…

EBRD’s Ukraine Public Transport Framework reaches important milestone

2 mins read

The FINANCIAL — Over six million inhabitants of 12 cities in Ukraine are benefiting from better and more comfortable public transport thanks to the introduction of almost 400 new trolleybuses financed by the European Bank for Reconstruction and Development (EBRD). The modern, low-floor, energy-efficient and environmentally friendly trolleybuses are also contributing significantly to improvements in the safety…

EIB supports Ukrainian city with €31.6 mln loan to upgrade heating supply

9 mins read

The FINANCIAL — The European Investment Bank (EIB) will support the upgrade of the municipal district heating system in the Ukrainian City of Kryvyi Rih with a €31.6 million loan, supplemented by a €6.4 million grant from the Eastern Europe Energy Efficiency and Environment Partnership (E5P). The Kryvyi Rih District Heating Modernisation project is part of the…

EBRD finances energy efficiency improvements in Dnipro public buildings

2 mins read

The FINANCIAL — The central Ukrainian city of Dnipro will improve the energy efficiency of public buildings thanks to a €25 million loan by the European Bank for Reconstruction and Development (EBRD) to the municipal energy management company Dniprovska Municipalna Energoservisna Kompanya. The loan is expected to be complemented by an investment grant of up to €5.5…

Experts point out the need of legal framework for factoring business in Ukraine

4 mins read

The FINANCIAL — Factoring, a financial service based on the sale of accounts receivable, has the potential to boost the growth of smaller businesses in Ukraine as companies struggling with the impact of the Covid-19 pandemic seek finance, heard the participants in a webinar held jointly by the European Bank for Reconstruction and Development (EBRD) and the National Bank of…

Ukraine’s railway reform to attract investors

6 mins read

The FINANCIAL — For several years, levels of foreign investment in Ukraine have remained far lower than a decade ago. Many potential private sector investors watched from the sidelines to gauge whether their perceived risks would lessen over time—enough so to take advantage of obvious opportunities in a country of 41.8 million people. “Now we…

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