Zelenskyy met with representatives of the European Investment Bank: they talked about accelerating the implementation of investment projects

Zelenskyy met with representatives of the European Investment Bank: they talked about accelerating the implementation of investment projects

Kyiv  •  UNN

November 27 2023, 07:52 PM • 34167 views

President Zelenskyy met with EIB representatives to thank them for opening a new regional office in Kyiv to support Ukraine's recovery. The EIB reaffirms its unwavering support for Ukraine with new infrastructure initiatives and loans.

President of Ukraine Volodymyr Zelenskyy met with President of the European Investment Bank Werner Hoyer and EIB Vice President Teresa Czerwinska, who arrived on a visit to our country, UNN reports citing the Presidential Administration.

Details

The Head of State thanked the EIB leadership for visiting Ukraine and the decision to open the Regional Office of the European Investment Bank in Eastern Europe, which will be located in Kyiv.

The EIB Regional Office in the Ukrainian capital will play an important role in supporting Ukraine's recovery and reconstruction efforts.

"First of all, this is an important signal to our people that you believe in Ukraine, in the development of our country. It is also important for Ukrainian business," Volodymyr Zelenskyy emphasized.

During the meeting, special attention was paid to accelerating the implementation of existing investment projects, in particular on the ground, in the regions.

"We would like to prioritize infrastructure projects to restore our country. To make this work more effective," Volodymyr Zelenskyy said.

We add

For his part, Werner Hoyer noted that the visit of the EIB delegation to Ukraine is evidence of unwavering support, especially in the face of Russian aggression.

According to him, the European Investment Bank continues to work closely with Ukraine, which includes a series of new initiatives to rebuild infrastructure and support the Ukrainian economy. Among these initiatives are two loan agreements totaling €450 million recently approved by the EIB Board of Directors. The initiatives will be financed through the EU for Ukraine fund, part of the EIB's EU4U program, aimed at recovery and reconstruction programs in Ukraine. The fund is supported by contributions from member states and guarantees from the European Commission totaling €500 million to date.

To recap

Today, the European Investment Bank announced the opening of the new EIB Regional Office for Eastern Europe in Kyiv. 

In addition to the meeting with Volodymyr Zelenskyy, the EIB's leadership also met with Ukrainian Prime Minister Denys Shmyhal. 

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