Over 20 Finnish business projects received support under Ukraine’s reconstruction plan

October 19, 2024

By Ukraine

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Ukrainian Prime Minister Denys Shmyhal said during a meeting with Finnish entrepreneurs in Helsinki on 18 October that over 20 investment projects by Finnish businesses have received support and will be implemented as part of Ukraine’s reconstruction efforts.

Ukraine’s PM is visiting Finland, where he will meet with the country’s leadership and representatives of Finnish business.

The Finnish government has developed a plan for participating in Ukraine’s reconstruction, which includes effective tools to stimulate private business involvement.

The supported projects focus on several key areas, including construction, energy, education, and telecommunications.

In the construction sector, investments will target advanced technologies, energy efficiency, and expertise in building civil protection facilities.

The energy sector will see development in renewable energy, decentralization of the power system, smart grid construction, energy storage systems, and waste-to-energy conversion.

For education, the focus will be on digitalization and building a research and development model based on synergy between government, universities, and the private sector.

In telecommunications, investments will support sixth-generation wireless communication technologies and advanced digital security technologies.

“We clearly understand in which industries investments will be particularly successful for business and beneficial for Ukraine,” Shmyhal said.

In early September, Helsinki announced the 25th package of military assistance to Ukraine valued at around 118 million euros ($130 million), the Finnish Defense Ministry announced.

Finland has also supported Ukraine in the educational sector. Ukraine’s first “green school,” which opened in 2016 with support from Finland, was destroyed by Russian shelling in Kherson Oblast.

In April, Finland and Ukraine signed a 10-year security agreement.

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