Denmark will additionally allocate at least 500 million Danish kroner to the Fund for Ukraine, which supports attracting investment into the Ukrainian economy. Such plans were announced during a meeting in Copenhagen between the Ukrainian delegation led by Prime Minister Yulia Sviridenko and her colleagues – the Minister of Economy Oleksiy Sobolev and the Danish Minister for Entrepreneurship Morten Bedskou.
According to reports, these funds will be used to guarantee investments by Denmark’s Export and Investment Fund (EIFO) in Ukraine’s reconstruction projects.
“This is guarantee capital that enables EIFO to support investments and export projects of at least 1.5 billion kroner. Such a mechanism reduces risks for business and opens the way for Danish companies to participate in the reconstruction”
– Yulia Sviridenko
Support and EIFO’s role in reconstruction
Currently, around 100 of Denmark’s largest companies are investing in Ukraine. Denmark is also actively involved in financing defense and infrastructure projects.
In particular, the guarantee by Denmark’s Export and Investment Fund (EIFO) helped Ukraine obtain imported equipment for the construction of the second phase of the Tiligulska wind farm in the Mykolaiv region.
The Fund for Ukraine is a program administered by the Danish Export and Investment Fund. It facilitates Danish companies exporting to Ukraine and investing in the country. Under the program, EIFO assumes the risks associated with doing business in Ukraine. So far, guarantees have been provided for projects in the agricultural, energy, and medical sectors.
On August 27, the Ukrainian delegation led by Prime Minister Yulia Sviridenko arrived in Denmark. For her, this overseas visit marked the first since she was appointed head of the Cabinet of Ministers of Ukraine.
Such steps demonstrate Denmark’s determination to support Ukraine’s reconstruction and to create conditions for Danish companies to participate in rebuilding the country’s economy and infrastructure.