Ukraine discusses interim results of the second phase of the Ukraine Investment Framework (UIF) with the European Commission
31.10.2024 | 08:50 | Section for Public and Mass Media RelationsRepresentatives of the Ministry of Economy of Ukraine together with the European Commission delegation discussed the progress and next steps in attracting investments under the Ukraine Investment Framework (UIF), the second investment component of the Ukraine Facility (Pillar 2).
The second phase of the UIF was launched in October this year. It covers public and private sector projects and private equity investments.
“The first stage of the selection of proposals from IFIs and DFIs covering the energy sector, transport, housing rehabilitation and reconstruction, etc. is now coming to an end. In early November, together with the European Commission, we plan to review all submitted concepts for compliance with the Government’s priorities in order to select the most important ones with the maximum social and economic effect,” Oleksii Sobolev, First Deputy Minister of Economy, said.
According to the UIF Phase II implementation plan, the European Commission will select applications from international financial institutions (IFIs) and bilateral development agencies (DFIs) for 12 months. The first stage of project evaluation will be completed by 31 October 2024. The second stage will take place in early 2025.
At the meeting, the participants further discussed progress in implementing public investment reform and noted the need to involve international financial institutions in projects from the Single Project Pipeline (SPP), which already has 770 concepts in critical sectors of the economy.
According to Oleksii Sobolev, preparatory work is underway with the European Commission to launch the next stage of project selection within the UIF through the banking sector. It will cover the needs of SMEs, veterans, IDPs, and target socially vulnerable groups. An important aspect will also be to extend the funding programmes to the affected regions of the country and avoid providing double guarantees for projects.
Background information
The Ukraine Investment Framework is the second component of the Ukraine Facility programme (Pillar 2) worth EUR 9.3 billion, including EUR 7.8 billion in guarantees and EUR 1.5 billion in grant funding. Through comprehensive risk-sharing instruments, blended finance and grants, the UIF is expected to help attract up to EUR 40 billion to the Ukrainian economy.
Read also:
-
24.12.2024 | 10:24
| Section for Public and Mass Media Relations
Trade with Japan grew by 6% in 2024 and by another 30% last year: Yuliia Svyrydenko at the Ukraine-Japan Business Forum in Osaka
Ukraine is actively working to strengthen bilateral trade with Japan and has noted an increase in activity since the start of the full-scale invasion. Today’s goal of Ukraine is not only to trade with Japan but also to attract Japanese investment to produce Japanese products in Ukraine. This was emphasised by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, at the Ukraine-Japan Business Forum held on 18 December in Osaka.
-
24.12.2024 | 10:19
| Section for Public and Mass Media Relations
Japan to launch coordinating council for Ukraine’s recovery to bring together Ukrainian and Japanese businesses
Japan has announced the establishment of a coordination council for the reconstruction of Ukraine, which will involve Ukrainian and Japanese businesses. This was announced by Hiromasa Nakano, Minister of Land, Infrastructure, Transport and Tourism of Japan, during a meeting with Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine, and members of the Ukrainian delegation. -
24.12.2024 | 10:12
| Section for Public and Mass Media Relations
Ukraine and Japan strengthen bilateral economic cooperation
First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko met with Minister of Economy, Trade and Industry of Japan Yoji Muto in Tokyo. The parties emphasized the success of the ninth joint meeting between the Ministry of Economy of Ukraine and Keidanren Japan Business Federation with the participation of Ukrainian and Japanese entrepreneurs.
-
24.12.2024 | 10:06
| Section for Public and Mass Media Relations
Ukraine is counting on continued financial support from Japan in 2025: Yuliia Svyrydenko
Ukraine is counting on financial support from Japan in 2025. Currently, the Japanese parliament is finalizing the discussion of the draft budget for next year. During the meeting with the Ukrainian delegation, Japanese parliamentarians emphasized the unwavering support of our country. This was announced by First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine Yuliia Svyrydenko following the meeting with the Chairman of the Japan-Ukraine Parliamentary Friendship Association Eisuke Mori and representatives of all parliamentary parties.
-
24.12.2024 | 09:59
| Section for Public and Mass Media Relations
Production of Japanese pickup trucks to be launched in Ukraine: Yuliia Svyrydenko
Ukraine will launch a project to manufacture Japanese pickup trucks using the SKD (Semi-Knocked Down) services. This is a joint project of several Ukrainian manufacturers and a Japanese engineering company. This was announced by Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine, during a business forum organised by the Japan External Trade Organisation.