The European Commission and Ukraine reaffirmed their economic cooperation during the EU-Ukraine Investment Conference held on November 13 at the ReBuild Ukraine Expo in Warsaw. The event brought together more than 5,000 participants, including Ukrainian and international business leaders, government representatives, financial institutions, and international partners.
The conference was organised in close collaboration with Ukraine’s Ministry of Economy, Environment, and Agriculture.
Commitment to Reforms and a Predictable Business Environment
Ahead of the conference, EU and Ukrainian officials reiterated their dedication to deepening economic ties. A major focus is Ukraine’s ongoing implementation of reforms to create a predictable, rules-based business environment and progress toward EU integration.
Enlargement Commissioner Marta Kos and Deputy Prime Minister Taras Kachka chaired a high-level roundtable with business leaders from both sides. Companies active in strategic sectors, such as energy, renewable generation, and critical raw materials, participated.
Commissioner Kos emphasized the importance of rule-of-law reforms and anti-corruption measures, stating they remain essential for both EU integration and a stronger business climate. Deputy Prime Minister Kachka reaffirmed Ukraine’s commitment to implementing the recommendations in the latest Enlargement Report.
Mobilising Financing for Reconstruction
A key pillar of cooperation focuses on financing reconstruction through the Ukraine Investment Framework (UIF). Norway recently contributed €127 million, bringing the UIF total to €9.5 billion, of which nearly €7 billion has already been committed.
These funds are expected to leverage around €22 billion in investment. Officials noted that achieving the full impact of these investments depends on transparency, regulatory stability, and effective implementation in Ukraine.
Energy and Renewable Projects
Energy remains central to EU–Ukraine cooperation. In addition to emergency gas support, UIF guarantees are enabling decentralised renewable energy projects. Improvements to the regulatory environment are expected to accelerate these investments and strengthen Ukraine’s long-term energy resilience.
Boosting EU Foreign Direct Investment
The third pillar of cooperation targets increasing EU FDI in Ukraine. Projects from the first Call for Expressions of Interest demonstrate strong investor interest. Examples include:
- Notus’s 120 MW wind farm in Odesa
- Rengy Development’s solar and storage projects
Officials highlighted that predictable permitting, legal clarity, and a level playing field are critical for attracting further investment.
The European Commission and the Ukrainian government plan to maintain close engagement with the private sector. Future events include the EU-Ukraine Business Summit in April 2026 and the Ukraine Recovery Conference in Poland in 2026. These gatherings aim to sustain dialogue, support investment, and reinforce economic cooperation between the EU and Ukraine.
