European banks to provide over €600M in recovery funds for Ukraine – POLITICO

European banks to provide over €600M in recovery funds for Ukraine – POLITICO

The money is intended primarily to support the most vulnerable, such as people who lost their homes as well as those with disabilities and large families. Ukraine projects that some 2,000 families will receive new housing with the Council funds, the country’s infrastructure ministry said in a statement.   In its war against Ukraine, Russia … Read more

Top Ukraine reconstruction official quits, citing ‘systemic obstacles’ – POLITICO

Top Ukraine reconstruction official quits, citing ‘systemic obstacles’ – POLITICO

Prime Minister Shmyhal blocked Nayyem’s participation at the Berlin conference because Nayyem was scheduled to present a report in Kyiv on his agency’s progress on reconstruction on June 12, according to an official with knowledge of the matter, granted anonymity to discuss nonpublic matters. Rebuilding Ukraine The total cost of rebuilding Ukraine over the next … Read more

EU cuts forecasts for eurozone growth ― for the third time – POLITICO

EU cuts forecasts for eurozone growth ― for the third time – POLITICO

Slower growth comes on the back of households counting the pennies as they are confronted with higher borrowing rates and decreasing state help to cover energy costs, which shot up after Russia invaded Ukraine two years ago. “After a bruising 2023, the European economy has emerged a little weaker than expected, although the rebound should … Read more

EU spending rules talks on verge of missing end-of-year deadline – POLITICO

EU spending rules talks on verge of missing end-of-year deadline – POLITICO

Last ditch talks between the EU’s finance ministers planned for Wednesday on an overhaul of the EU’s public spending rules look set to fall short amid continued disagreement between Germany, France and Italy, according to officials in Brussels. French Finance Minister Bruno Le Maire and his German counterpart, Christian Lindner, will face the press on … Read more