About past, present and future of Ukraine

Search mobile

Main Business — EIB to allocate over 1 billion euros for critical infrastructure restoration and business support in Ukraine

Business

EIB to allocate over 1 billion euros for critical infrastructure restoration and business support in Ukraine

11 Jun, 2024
160
EIB to allocate over 1 billion euros for critical infrastructure restoration and business support in Ukraine

Share this article

The European Investment Bank (EIB) will allocate over 1 billion euros for critical infrastructure restoration and business support in Ukraine.

During the international Ukraine Recovery Conference, the European Investment Bank plans to sign agreements for new financing exceeding 1 billion euros to support business and restore critical infrastructure. This announcement was made by the bank's head, Nadia Calviño, before the start of the conference in Berlin.

"At this meeting in Berlin, I will sign agreements for new financing. We will mobilize over 1 billion euros to support small and medium-sized enterprises in Ukraine and to restore critically important infrastructure in Ukrainian cities, such as hospitals, kindergartens, schools, and water supply," Calviño stated.

She added that the bank plans to introduce the EU's flagship advisory services program in Ukraine.

The EIB President reminded that since the start of the war, the institution has allocated over 2 billion euros for the restoration of damaged infrastructure in the energy, transport, and border crossing sectors.

"We will continue to support Ukraine. The European Investment Bank is one of Ukraine's key investment partners now," she added, expressing hope that the bank will soon contribute to the country's reconstruction after the war.

The Odessa Journal

The Odessa Journal

more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...