The European Investment Bank increased its new investments in Ukraine last year by 50% year on year, to more than €1bn, bringing total EIB investment in Ukraine to €7.5bn, Jean-Erik de Zagon, the bank’s resident representative for Ukraine, told reporters at the start of February.
Bank vice-president Teresa Czerwinska said Ukraine now receives 60% of EIB money destined for the Eastern Neighbourhood, a group of 16 countries to the east and the south of the EU. She said: “We delivered record investment of over €1bn in Ukraine in 2020, focusing our operations on support for conflict-affected regions of eastern Ukraine, sustainable and green infrastructure, digitalisation, innovation and business recovery after [coronavirus] COVID-19.”
Separately the EBRD is considering approving in March an $80mn loan to Ukraine’s leading sunflower seed producer Kernel for the purchase, storage, processing, transportation and export of agricultural goods. As of last June, Kernel’s net debt was $980mn.
Ukraine is rapidly developing its biomethane sector with ambitions to become a major European supplier. Georgii Geletukha, head of the board at the Bioenergy Association of Ukraine, told bne ... more
Ukraine’s Naftogaz will purchase 100mn cubic metres of LNG from Poland’s Orlen, Ukraine’s biggest state-owned energy firm announced on March 7. The LNG will be transported from cargoes ... more
Ukrainian President Volodymyr Zelenskiy revealed the Armed Forces of Ukraine (AFU) losses as 45,100 service members killed in action (KIA) and 390,000 wounded in action (WIA) in a rare comment on the ... more