Brussels (Brussels Morning Newspaper) – The European Union launched a call for EU businesses to invest in Ukraine’s recovery and reconstruction.
At the first European Union – Ukraine Investment Conference, the EU undertook a call for expression of interest to muster private EU investment in vital areas to support Ukraine’s rebuilding measures.
According to the EU Commission, proposals will be examined and connected to the best-suited investment schemes funded under the Ukraine Investment Framework, which is an integral part of the EU’s €50 billion Ukraine Facility. The call will be available until 1 March 2025. By encouraging business associations and EU private sector engagement in Ukraine’s recovery and reconstruction, the EU also sustains further integration of Ukraine into the EU Single Market.
How can EU businesses contribute to Ukraine’s recovery efforts?
In his remarks, Olivér Várhelyi, Commissioner for Neighbourhood and Enlargement, stated: “Ukraine’s reconstruction requires both public funding and partnerships with the private sector. By bringing these efforts together, we can maximise investment, and support the country’s recovery and gradual integration into the EU Single Market. Indeed, enabling the private sector involvement in Ukraine’s recovery and reconstruction processes will be essential to its success.”
What are the benefits of EU-Ukraine business partnerships for reconstruction?
The first EU – Ukraine Investment Conference, arranged on 13-14 November in Warsaw in the framework of the 4th ReBuild Ukraine International Exhibition brings together around 5,000 participants from Ukraine, the EU and beyond to gain private investment toward Ukraine’s recovery, reconstruction, and modernisation. Since the beginning of Russia’s war of aggression against Ukraine, the EU has made available nearly €122 billion in financial, humanitarian, and military aid to Ukraine to cater to Ukrainians’ requirements in the EU.
