Ukraine
EastCham is preparing for the reconstruction of Ukraine together with companies. In preparation, the reconstruction needs of Ukraine and the Finnish offer are identified. The goal is open and transparent cooperation and the formation of an up-to-date situational picture.
The actual reconstruction will begin after the end of the war, but there is a huge need for infrastructure repair in Ukraine during the war as well. Finland has offered emergency work and donations to Ukraine.
The Reconstruction Plan of Ukraine
The reconstruction of Ukraine is based on the Recovery Plan published in July 2022. Based on the plan, a compact Recovery website has also been compiled.
For transparent monitoring of the reconstruction, the DREAM platform is currently being piloted in Ukraine. The platform is intended to provide information on the progress of projects from planning to implementation. Investment opportunities have been compiled on the Advantage Ukraine website.
Finland’s national plan
The Ministry for Foreign Affairs of Finland published the first part of Finland’s national reconstruction plan for Ukraine on December 21, 2023, which focuses on financial and advisory services offered to Finnish companies. EastCham has been actively involved in drafting the plan and provides advisory services as part of the Team Finland network. The second part of the plan will be prepared during 2024.
The plan has been published in Finnish, Swedish, English, and Ukrainian on the Finnish government’s Valto portal.
Procurements and financing
International financial institutions are already involved in the reconstruction work. Find useful links to procurement notices below.
Finnpartnership’s Business Partnership Support has increased to 85% from January 1, 2023, regardless of the size of the company or organization.
The European Bank for Reconstruction and Development (EBRD) has announced that it will finance Ukraine with three billion euros between 2022 and 2023. The focus is on real economy, infrastructure, energy security and living conditions of those who have left their homes.
Finnish companies and the reconstruction of Ukraine
According to a business survey conducted by EastCham in May 2023, Finnish companies are interested in participating in reconstruction, especially regarding various technical solutions and planning. Companies need the most support in mapping Ukraine’s needs, financing of projects, and business environment in Ukraine.