December 6, 2024

1016th day of Russian invasion

The Netherlands will provide grants of up to €4M to joint Ukrainian recovery ventures

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The Netherlands Enterprise Agency (RVO) has launched a partnership program with Ukraine to restore the Ukrainian economy. In particular, a subsidy program will support Dutch companies and civil society organizations interested in working on the recovery and sustainable reconstruction of the Ukrainian economy and society.

The subsidies are intended for projects in agriculture, water management, healthcare, sustainable energy, and sustainable ecological construction.

The Dutch-Ukrainian partnership program has been allocated €32.5M. The grant amounts range from €500,000 to €4M. The program reimburses up to 95% of the total eligible costs for each project and must not be commercially financed or for profit.

They must have an impact on economic and social development in Ukraine. Also, Ukraine and Latvia are synchronizing their efforts to reconstruct the Chernihiv region. This concerns the protection of energy facilities and the restoration of social service facilities.

In addition, Latvian energy companies have expressed a desire to provide solar panels for the Chernihiv region.

Source: Ukraine Business News

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