Tag Archives: UKRAINE

Empowering Ukrainian children with IT skills through Star for Life Ukraine

(IN BRIEF) In a time marked by disruptions in education for over 5.3 million children due to the ongoing war in Ukraine, Star For Life Ukraine, a non-profit organization, is dedicated to promoting informal tech education. The aim is to … Read the full press release

BAE Systems and AMS Collaborate to Provide Artillery Systems Support in Ukraine

(IN BRIEF) BAE Systems and AMS Integrated Solutions Ltd have entered into an agreement to jointly offer specialized support for artillery systems used in Ukraine, particularly those produced by BAE Systems. This partnership aims to provide repair and support services … Read the full press release

Crisis-Resilient Partnership: EBRD Grants €150 Million Loan to Ukrenergo for Ukraine’s Energy Security Amid Ongoing Conflict

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €150 million sovereign-backed loan to Ukraine’s electricity transmission company, Ukrenergo, as part of a comprehensive effort to support Ukraine’s energy security amidst the ongoing conflict with Russia. … Read the full press release

European Investment Bank Welcomes EU Accession Negotiations with Ukraine, Moldova, and Candidate Status for Georgia

(IN BRIEF) The European Investment Bank (EIB) applauds the European Council’s decision to initiate EU accession negotiations with Ukraine and Moldova, while also granting candidate country status to Georgia. EIB President Werner Hoyer emphasizes the positive impact of enlargement on … Read the full press release

Ukraine Receives €133 Million from European Investment Bank to Repair Damaged Hydro Power Plants

(IN BRIEF) The European Investment Bank (EIB) has disbursed €133 million to Ukraine for the Hydro Power Plants Rehabilitation Project, carried out by Ukrhydroenergo, the country’s largest hydropower generating company. This funding aims to support the restoration and repair of … Read the full press release

EU Investment Bank Commits €25 Million to Boost Ukrainian Tech and SMEs

(IN BRIEF) The European Investment Bank (EIB), managing the EU for Ukraine Fund, held its initial Contributors’ Committee meeting and approved its first project financing of €25 million for Ukraine’s equity growth fund, Horizon Capital Growth Fund IV (HCGF IV), … Read the full press release

Rheinmetall Wins €142 Million Contract to Supply Artillery Ammunition to Support Ukraine

(IN BRIEF) Rheinmetall, a Düsseldorf-based tech enterprise, has secured a significant order to provide artillery ammunition in support of Ukraine’s defensive efforts. The contract, valued at approximately €142 million, involves the supply of tens of thousands of 155mm artillery shells, … Read the full press release

Vestas and DTEK Collaborate to Expand Tyligulska Wind Project in Ukraine

(IN BRIEF) In a significant move during COP28, Vestas and DTEK have signed a Memorandum of Understanding (MOU) to advance the second phase of the Tyligulska wind project in southern Ukraine. This MOU outlines their intention to develop an additional … Read the full press release

Sweco’s Expertise to Bolster Drinking Water Infrastructure in Ukraine

(IN BRIEF) Sweco, an engineering and architecture firm, is collaborating with Kremenchuk City Council and its water company to enhance the potable water supply for the city’s 220,000 inhabitants in Ukraine. Funded by Swedfund, the project aims to improve water … Read the full press release

Global Authorities Collaborate to Dismantle Ransomware Network Responsible for Widespread Attacks

(IN BRIEF) Judicial and law enforcement agencies from seven countries have joined forces to take action against a criminal network responsible for a series of damaging ransomware attacks worldwide. These attacks have affected over 1,800 victims in 71 countries, primarily … Read the full press release

EIB Launches Regional Hub in Kyiv and Commits €450 Million to Support Ukraine’s Recovery and Resilience Initiatives

(IN BRIEF) The European Investment Bank (EIB) President Werner Hoyer and Vice-President Teresa Czerwińska visited Kyiv to reaffirm the EIB’s commitment to Ukraine. During the visit, they inaugurated the EIB Regional Hub for Eastern Europe in Kyiv, strengthening support for … Read the full press release

EBRD Lends €200 Million to Naftogaz for Strategic Gas Reserves, Bolstering Ukraine’s Energy Security Amidst Conflict

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €200 million loan to Ukraine’s state-owned gas entity, Naftogaz (NAK), to support the establishment of strategic gas reserves during the second winter heating season since the Russian … Read the full press release

U.S. Commits $1 Million to Eurojust’s ICPA in Support of Ukraine Aggression Prosecution

(IN BRIEF) The U.S. Department of State has pledged USD 1 million to support the International Centre for the Prosecution of the Crime of Aggression Against Ukraine (ICPA), hosted at Eurojust. Eurojust, the European Union’s agency for judicial cooperation in … Read the full press release

Ukraine Awards Rheinmetall Contract for Leopard 1 Systems and Support Services

(IN BRIEF) The Ukrainian government has entered into a contract with Rheinmetall, a German defense company, for the procurement of Leopard 1 systems. The contract includes 25 main battle tanks (Leopard 1A5), five armored recovery vehicles (Bergepanzer 2), and two … Read the full press release

German Government Awards Rheinmetall Contract for €400 Million Military Aid Package to Ukraine

(IN BRIEF) Rheinmetall has secured a contract from the German government to supply Ukraine with 100,000 rounds of 120mm mortar ammunition as part of a €400 million military aid package. The order, valued in the lower-three-digit million-euro range, will be … Read the full press release

Eurojust Coordinates Crackdown on International Online Fraud Network

(IN BRIEF) Eurojust, at the request of Swiss authorities, has organized a series of actions against an online fraud network operating in multiple EU Member States, Georgia, and Ukraine. The investigation into this investment scam began in October 2019, revealing … Read the full press release

Corporate Heroes: Businesses Rally to Support Ukraine Amidst Geopolitical Turmoil

(IN BRIEF) Despite the ongoing conflict in Ukraine and geopolitical uncertainties, numerous companies from both Ukraine and around the world have demonstrated remarkable support by offering financial, material, and essential resources to aid the Ukrainian government and its people. This … Read the full press release

Edelvika: From Filter Bags to Fashion – Ukrainian Clothing Manufacturer’s Path to Success Amid Challenges

(IN BRIEF) Edelvika, a Ukrainian clothing and textile manufacturer, has undergone a remarkable transformation from primarily producing filter bags to focusing on fashion-related products, particularly traditional embroidered blouses called vyshyvanka. Despite the challenges posed by the war in Ukraine, the … Read the full press release

EBRD Achieves €3 Billion Investment Target to Support Ukraine Amidst Russian Conflict

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has successfully met its goal of deploying €3 billion in financing to Ukraine’s real economy in 2022-23 to mitigate the effects of the ongoing conflict with Russia. The investment focuses … Read the full press release

Multilateral Development Banks Collaborate to Simplify Procurement for Ukraine’s Reconstruction

(IN BRIEF) Four multilateral development banks, including the Council of Europe Development Bank (CEB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), and the World Bank, have agreed to harmonize their procurement practices for public … Read the full press release

University of Warwick Strengthens Ties with Ukraine Through Educational Leadership Program

(IN BRIEF) The University of Warwick has solidified its connections with Ukraine by signing a Memorandum of Understanding (MoU) with the Ukrainian Leadership Academy and Ukraine’s Ministry of Education and Science. This agreement, signed by Stuart Croft, Vice-Chancellor of the … Read the full press release

Rheinmetall Supplies Ukraine with Advanced Mobile Field Hospital Worth €9 Million

(IN BRIEF) Rheinmetall has fulfilled its contract to provide Ukraine with a cutting-edge mobile field hospital, following an agreement with the German Ministry of Defence in September 2022. Valued at approximately €9 million, this state-of-the-art hospital consists of 32 beds, … Read the full press release

Rheinmetall to Supply 40 Additional Marder Infantry Fighting Vehicles to Ukraine

(IN BRIEF) The German government has awarded Rheinmetall a contract to deliver an additional 40 Marder infantry fighting vehicles (IFVs) to Ukraine. The order, placed in August 2023, is valued at a high double-digit million-euro sum. Rheinmetall is actively refurbishing … Read the full press release

Ukrainian Siblings Transform Family Yeast Business into Global Success Story

(IN BRIEF) Ukrainian siblings, Olena and Rostyslav Vovk, have transformed their family business, Enzym Group, from a Soviet-era yeast plant into a modern, diversified company. Enzym Group is now a market leader in the yeast industry and produces yeast food … Read the full press release

Ongoing Phishing Campaign Targets Zimbra Collaboration Users for Credentials, ESET Researchers Warn

(IN BRIEF) Security researchers at ESET have discovered an ongoing phishing campaign that targets users of the Zimbra Collaboration software platform. This campaign, active since April 2023, aims to collect user credentials by sending emails with phishing pages in attached … Read the full press release

Russian Emigrés Amplify Pleas of “I Want You to Live” through Art

(IN BRIEF) Russian emigrants opposing war have come together in the “Art of Peace” artist residency, backed by Campaigns for Humanity. This initiative facilitates connections among conflict-affected artists, providing a platform for expressing anti-war sentiments. Notable projects include “Road Signs,” … Read the full press release

EBRD Backs Ukraine’s Bank Lviv with Financial Package to Aid Micro, Small, and Medium-Sized Enterprises

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is offering a financial package to Ukraine’s Bank Lviv, consisting of a local-currency loan equivalent to €15 million and a €7.5 million risk-sharing instrument. This package will facilitate €30 million … Read the full press release

EBRD Expands Support to Ukraine’s KredoBank with €25 Million Guarantee Facility for Critical Industries and Food Security

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is expanding its cooperation with KredoBank, a subsidiary of PKO Bank Polski, to support food security and critical industries in wartime Ukraine. The EBRD provides a €25 million guarantee facility … Read the full press release

“Art Is Our Weapon”: Artists in Exile Deploy Their Talents in Support of Peace, Justice for Ukraine

Russian Anti-War Activists Unleash Creative Crusade Against War (IN BRIEF) A group of Russian activists living in exile has formed an artistic resistance movement within the Russian diaspora to oppose war. These activists, who are working artists with diverse specialties, … Read the full press release

EBRD Supports Dnipro City with €25 Million Loan for Essential Services Amid Refugee Influx

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a €25 million loan to Dnipro City in Ukraine to support the continuous provision of vital municipal services. Dnipro, Ukraine’s fourth-largest city, has experienced an influx of refugees … Read the full press release

Online Organizing Platform “Map of Peace” Emerges as Key Tool for Diaspora Activists

Map of Peace is an online platform that helps Russian-speaking anti-war activists by serving as a centralized hub for all their initiatives, maximizing the organizing capabilities of the massive global community The platform currently hosts 144 such initiatives and is … Read the full press release

2X Challenge Achieves Remarkable $16.3 Billion in Gender Lens Investments

(IN BRIEF) 2X Global, an initiative launched by Development Finance Institutions (DFIs), has exceeded its target of raising $15 billion in gender lens investments. From 2021 to 2022, the initiative raised a total of $16.3 billion, benefiting 473 businesses across … Read the full press release

EBRD and European Commission Join Forces to Enhance Moldova’s Rail Infrastructure

(IN BRIEF) EBRD and the European Commission have approved a financial package to rehabilitate railway lines in Moldova. The €71 million project will receive a €20 million investment grant from the EU, a €23 million loan from EBRD, and €28 … Read the full press release

G7 DFIs and EBRD Collaborate to Establish Ukraine Investment Platform for Reconstruction Efforts

(IN BRIEF) G7 Development Finance Institutions (DFIs) and the European Bank for Reconstruction and Development (EBRD) have announced the establishment of the Ukraine Investment Platform. This collaborative effort aims to support Ukraine’s reconstruction needs following the conflict. The platform will … Read the full press release

EBRD’s Trade Facilitation Programme wins Best Deal of 2022 Award for Ukraine Agricultural Machinery Import

(IN BRIEF) The European Bank for Reconstruction and Development’s (EBRD) Trade Facilitation Programme (TFP) has been awarded the Best Deal of 2022 by Global Trade Review for its deal supporting the import of agricultural machinery in Ukraine. The EBRD rolled … Read the full press release

Italy Joins Donor Efforts with €10 Million Grants to Boost EBRD Operations in Ukraine

(IN BRIEF) Italy and the European Bank for Reconstruction and Development (EBRD) have teamed up to support Ukraine and its people during the ongoing conflict. Italy has pledged grants worth up to €10 million to support the EBRD’s operations in … Read the full press release

EBRD’s investment grant supports Ukraine’s Electrotrans to purchase new trolleybuses

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is lending €10.6 billion to Electrotrans, the urban transport company for the western Ukrainian city of Khmelnytskyi, to purchase new trolleybuses and maintenance and diagnostic equipment. The project is part … Read the full press release

EBWE startet Initiative zur Unterstützung der wirtschaftlichen Integration ukrainischer Flüchtlinge in Kroatien

(IN KÜRZE) Die Europäische Bank für Wiederaufbau und Entwicklung (EBWE) hat in Kroatien ein technisches Kooperationsprojekt mit dem Ziel gestartet, die wirtschaftliche Integration ukrainischer Flüchtlinge, insbesondere Frauen, im Land zu unterstützen. Die Initiative, in Partnerschaft mit dem SVOJA-Verein und der … Read the full press release

EBRD Launches Initiative to Support Economic Integration of Ukrainian Refugees in Croatia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has launched a technical cooperation project in Croatia with the aim of supporting the economic integration of Ukrainian refugees, particularly women, in the country. The initiative, in partnership with the … Read the full press release

Cersanit sichert sich von der EBRD ein Darlehen in Höhe von 42 Millionen Euro, um in polnische und ukrainische Betriebe zu investieren

(IN KÜRZE) Die Europäische Bank für Wiederaufbau und Entwicklung (EBRD) stellt Cersanit SA, einem führenden polnischen Hersteller von Keramikfliesen und Badezimmerausstattung mit einer bedeutenden Präsenz in der Ukraine, eine langfristige Finanzierung in Höhe von 42 Millionen Euro zur Verfügung. Die … Read the full press release