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Ukraine will implement $14 billion worth of reconstruction projects

Apr 26, 2023

Ukraine plans to implement $14 billion worth of reconstruction projects this year.


Prime Minister Denys Shmyhal said this at a government meeting, Ukrinform reports.

"This year we plan to implement reconstruction projects worth $14 billion. And one of the five priorities for rapid recovery is to help small and medium-sized businesses to restore our economy. First of all, we are talking about preferential lending programs, as well as non-refundable grants from eRobota," Shmyhal said.

According to him, the work of the Export Credit Agency will also be intensified to enable as many Ukrainian businesses as possible to export their products abroad.

"Moreover, we see that there is a demand from business, but many companies lack resources and need government support. Therefore, today we will adopt a resolution that will strengthen the Export Credit Agency. The agency will now have state guarantees to support Ukrainian exporters more actively. This will increase the competitiveness of Ukrainian goods and services and contribute to a faster recovery of our economy," the Prime Minister emphasized.

Author - Serhii Kolomiets, 26/04/2023

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