At the first EU-Ukraine Investment Conference in Warsaw on Wednesday, the European Union called for mobilizing private investment in areas critical to Ukraine's recovery, the European Commission (EC) reported.

"Under the call, EU businesses, including joint ventures, or consortia involving both EU and Ukrainian companies, are invited to submit proposals until March 1, 2025. Proposals will be reviewed and connected to the best suited investment projects funded by the Ukraine Investment Framework, which is an integral pillar under the EU’s EUR50 billion Ukraine Facility. By encouraging business partnerships and EU private sector engagement in Ukraine’s recovery and reconstruction, the EU also helps further integration of Ukraine into the EU Single Market," says the report.

“Ukraine’s reconstruction requires both public funding and partnerships with the private sector. By bringing these efforts together, we can maximize investment, support the country’s recovery and gradual integration into the EU Single Market. Indeed, fostering the private sector involvement in Ukraine’s recovery and reconstruction processes will be key to its success,” Olivér Várhelyi, European Commissioner for Neighborhood and Enlargement, said.

"The priority areas of the call include developing sustainable energy solutions, including renewable energy projects and modernization of existing energy infrastructure; investing in processing key minerals and resources needed for high-tech industries and renewable energy technologies; revitalizing and modernizing the manufacturing sector to boost industrial competitiveness; support reconstruction from housing to public buildings, including by investing in the construction material industry, construction companies and construction supervisors; strengthening the digital infrastructure and technology to foster innovation and growth across sectors," according to the document on the official website of the European Union.

The conference brings together over 5,000 participants, including companies, banks, and investors from Ukraine, the EU, and beyond, to mobilize private investment towards Ukraine’s recovery, reconstruction, and modernization.