Belgium Invests $6 Million in Ukrainian Enterprises Through the Rebuild Ukraine Fund

On a recent visit to Kyiv, Belgian Deputy Prime Minister and Minister of Foreign Affairs Maxime Prévot announced a $6 million investment from Belgian firm BIO Invest into the Rebuild Ukraine Fund (REBUF), a private equity fund. This development was confirmed by a press release from the Belgian Embassy in Ukraine. According to Prévot, Ukraine's economic reconstruction has already commenced, with every enterprise that remains productive and continues to employ people and invest strengthening the nation's resilience for the present and future.

Through BIO Invest, Belgium is strategically channeling capital to stimulate the Ukrainian economy and encourage additional investments.

BIO Invest currently has a €21.8 million investment mandate in Ukraine, which is earmarked for businesses, financial institutions, and crucial infrastructure. These investments are instrumental in forging economic bonds with Ukraine, a country experiencing gradual and unchangeable integration into the European market. The Rebuild Ukraine Fund (REBUF), managed by Dragon Capital, is the first private equity fund initiated since the onset of Russia's full-scale invasion, specifically targeting the acquisition of real assets in Ukraine.

REBUF provides long-term capital to resilient Ukrainian firms impacted by the war, requiring financial support for further expansion or recovery. The fund prioritizes sectors such as healthcare, agribusiness, construction materials, financial services, trade, and technology. BIO Invest, a Belgian investment company specializing in developing nations, functions as Belgium's state development finance institution.

As previously reported, Belgium intends to continue supporting Ukraine by allocating more funds for defense, assistance to veterans, healthcare, education, business, and reconstruction.