As of the end of 2024, the reconstruction of Ukraine will require more than half a trillion euros and Russia continues to origin further losses. The most resources will be consumed by housing and transport sectors, but the request for energy, trade and manufacture is besides high. Polish business shows a advanced commitment in Ukraine, but it may be even higher in the reconstruction process. In the opinion of the vice-president of Kredobank operating in this country, belonging to the PKO BP Group, companies should search partners to participate in reconstruction and in Poland and Ukraine.
– It is hard to say how much it will be, due to the fact that we must take into account that individual will gotta pay these funds, but given Marshall's plan, which was after planet War II, we are surely talking about billions or possibly even billions of funds that could be utilized to rebuild Ukraine – says Newseria Jarosław Bełdowski, the first Vice president of Kredobank. – But let us be careful in this respect and wait for the authoritative announcements, due to the fact that I think it will be an action not only of 1 government, but it will be a comprehensive action.
As calculated by the Government of Ukraine, the planet Bank Group, the European Commission and the United Nations in a study published 3 years after Russia's invasion of Ukraine, as of 31 December 2024 estimated full cost of reconstruction Ukraine will amount to $524 billion (506 billion) over the next decade, which represents about 2.8 times the country's estimated nominal GDP last year. Recovery needs are highest in the housing sector (nearly EUR 81 billion), followed by transport (nearly EUR 75 billion), energy and mining sectors (nearly EUR 66 billion), trade and manufacture (over EUR 62 billion) and agriculture (over EUR 53 billion). In all sectors, the cost of disposal and management of debris in itself amounts to almost $13 billion (€1.6 billion).
– We must get free of selfishness, in the sense that we must search partnership not only in Poland. Companies should combine in any projects to diversify risks, but should besides search partners in Ukraine – says Jarosław Bełdowski. – I think that we request to look for relations in Ukraine itself, be there and look for partners from which we will be able to make this investment.
During the 17th European economical Congress, the Polish-Ukrainian Chamber of Commerce presented a study entitled “Investments of Full-Scale War Time. A trace of Polish solidarity". It follows that at the end of 2023 the cumulative value of Polish investments in Ukraine amounted to $780 million. This accounted for 2.6% of abroad direct investment in this country and puts Poland in 10th place among abroad investors, although, as the authors of the study admit, any of the leaders are actually “awaitably” capital taken out of Ukraine. In addition, in relation to the PLN 38 billion cumulative capital invested at the same time by Polish companies abroad, we can see the good position of the east neighbour on the map of Polish investments. Experts point out that it is besides crucial to measurement Polish economical activity that 300 companies with Polish capital have been created in Ukraine since the beginning of the war, which gives Poland a 3rd place in this respect. In addition, good results in trade show an increase in the importance of Ukraine as Poland's trading partner.
The home emphasises that this data will change thanks to the support programmes launched. 1 of them is the Instrument for Ukraine – Ukraine Facility, established by the European Union and piloted in Poland by BGK. It covers EUR 265 million in guarantees and about EUR 56-60 million in grants for companies and local governments. In April there was besides a debt program for reconstruction of Ukraine in BGK. KUKE is to launch a crucial reinsurance task for transport insurance in Ukraine.
– The key are the partners, the key are the people who are there, and the key are the people who besides profess our values – This is Vice president Kredobank. – In Poland, we request to address those institutions that we already know are involved. The Polish improvement Fund, KUKE, Bank Gospodarstwa Krajowego are institutions worth knocking on, ask. Of course, if individual has their own business and has it in PKO BP, then besides through PKO BP can scope us in any way or directly.
