The Bank operates in Ukraine in line with the European Neighbourhood Policy (ENP), the Eastern Partnership (EaP) and other EU bilateral agreements. We have a strong impact on the labour market, preserving existing jobs and creating new jobs.
EIB operations focus on financing transport, small and medium-sized enterprises (SMEs), energy efficiency as well as municipal and social infrastructure. Since the start of our activities in Ukraine, we have committed more than €1.9 billion to support small and medium companies and €3.6 billion to support the public sector.
Creating a modern transport system supportive of local mobility and better connectivity with the EU enables sustainable economic growth. We helped finance the extension and upgrade of the Kharkiv metro network and facilitated the railway connection between Ukraine and the EU by supporting the construction of the Besky railway tunnel. We have also supported urban road safety projects, creating safer zones for pedestrians and cycling paths.
Our priorities include the digitalisation of the public sector and broadband rollout. In this context, the EIB is helping modernise postal services in Ukraine by financing new IT systems and sorting machines, which will ensure the quality and affordability of postal services.
More than 30,000 people live in Kreminna, Ukraine, including many displaced persons. Recently it has become very difficult for the local hospital to cope with the demand. Much of the building is in disrepair and in need of urgent rehabilitation. UNDP & EID are now working together to address that.