European Commission announces second round of Call for Expressions of Interest to attract European businesses to finance and implement projects in Ukraine
During the EU-Ukraine Business Summit held on 10-11 April in Brussels, the European Commission announced the launch of the second round of the Call for Expressions of Interest under the Ukraine Investment Framework. This call is aimed at encouraging EU companies to invest in the reconstruction and economic development of Ukraine. The new round will run until 10 October 2025 and continues the successful initiative launched in November 2024.
This is the second round of the initiative: the first one was launched in November 2024 and attracted high interest with over 110 applications from companies from 21 EU member states. Now the European Commission pursues the course of involving European businesses in the reconstruction of Ukraine, in particular through joint projects with Ukrainian partners. The submitted ideas will be evaluated according to the priorities of the Ukrainian Plan and the possibility of receiving funding under the Ukraine Investment Framework.
"We can see great interest from European businesses to participate in Ukraine's recovery. During the first round, European companies from 21 countries submitted more than 110 applications for various recovery projects in Ukraine. The Ukraine Investment Framework is a real support for European investors: it helps to reduce risks, provide access to finance and create transparent rules of the game. Despite the war, Ukraine is interesting for investment, and we in the Government are doing everything to make it easy and safe to invest," said Oleksii Sobolev, First Deputy Minister of Economy of Ukraine.
In addition, in March, the Steering Committee of the Ukraine Investment Framework announced a Call for Proposals for indirect lending to micro, small and medium-sized enterprises through banks. International financial institutions are already preparing programmes for indirect lending to businesses through banks. New funding is expected to be available in the second half of 2025.
Background information
The Ukraine Investment Framework (UIF) is an investment mechanism created to support Ukraine's economic recovery and modernisation. It operates within the Ukraine Facility with a total budget of EUR 9.3 billion. The UIF provides loan guarantees, blended finance and other instruments that reduce risks for investors. Its main goal is to mobilise private investment in infrastructure rehabilitation, modernisation of production and development of the Ukrainian economy.
The Ministry of Economy of Ukraine coordinates with the European Commission and partner financial institutions to facilitate access to finance and advisory services for Ukrainian businesses. This ensures alignment with the policy priorities of Ukraine and the EU and allows for the most effective use of the Ukraine Investment Framework.