At the Ukraine Recovery Conference 2026 held in Gdańsk, Poland, the Federal Ministry for Economic Affairs and Energy (BMWE) announced further funding for investment in Ukraine.

As part of the UkraineConnect initiative, DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH – remains committed to facilitating private-sector engagement in Ukraine. Around six months after its launch, ahead of the Ukraine Recovery Conference (URC) 2026 in Gdańsk, the Federal Ministry for Economic Affairs and Energy (BMWE) announced that it would increase funding for the financial instrument implemented jointly with DEG by approximately EUR 38 million. Through UkraineConnect, German and European companies are granted loans on attractive terms, thus helping them to realise investments in Ukraine even under difficult conditions. This initiative complements existing instruments such as export credit and investment guarantees.

Further investments funded by UkraineConnect were facilitated during the URC: around EUR 13.5 million was committed for three projects undertaken by companies. They include an investment project by a German SME in the drinks industry. By entering the Ukrainian market through a joint venture, the company is increasing its vertical integration whilst at the same time strengthening German-Ukrainian supply relationships.

Finance is being provided to expand local capacities for a German company in the logistics sector. The project will help to strengthen Ukraine’s logistics infrastructure and the resilience of supply chains.

In the energy sector, UkraineConnect is facilitating new investment by GOLDBECK SOLAR, a German family business specialising in renewable energy. DEG is further expanding its existing commitment to GOLDBECK SOLAR through a UkraineConnect loan for hybrid solar parks with battery storage. It had previously supported the company with solar projects in Ukraine through the ImpactConnect programme. The current project is helping to stabilise, further decarbonise and decentralise the country’s energy supply.

“The first few months of UkraineConnect have shown that German companies are prepared to invest in Ukraine, even under difficult conditions. By expanding this financial instrument, we can enable further investments that support the country’s reconstruction whilst also creating new business opportunities,” said Jan Müller, Director German Business and Head of Connect Programmes at DEG, during the URC.

DEG has been financing and advising private companies in Ukraine since the mid-1990s. Since the start of Russia’s war of aggression in February 2022, it has been working with its subsidiary DEG Impulse in close collaboration with customers on the ground to support the country and its people. A key insight from this commitment is the remarkable resilience of Ukrainian entrepreneurs, who are holding their own even under persistently difficult conditions.

UkraineConnect - Taking responsibility, shaping the future