Dear all,

We are pleased to present you our weekly overview of the most important news to keep you informed about significant business developments in Ukraine.

• On August 22, 2024, the Swedish government appointed Ulrik Tideström as special envoy for Ukraine’s reconstruction, business sector and development. One of the envoy's primary roles will be to represent the Swedish government in international donor coordination efforts, ensuring that support for Ukraine's rebuilding is both efficient and effective. Additionally, the envoy will focus on strengthening ties between Ukraine and the EU, as well as promoting the participation of Swedish businesses in Ukraine's reconstruction. This will be done in partnership with Business Sweden and other Team Sweden organizations, aiming to enhance Sweden's contribution to the recovery of Ukraine. Mr Tideström will take up his new position on August 26, 2024.

• The Ukrainian government has allowed foreign companies to build in Ukraine under a simplified procedure. Amid ongoing martial law, representative offices of foreign companies and organizations in Ukraine will be able to carry out construction activities by submitting a declaration of economic activity to the licensing authority free of charge without the need to obtain a construction licence. The simplified procedure will apply to residential buildings with a height of five floors or more but not higher than 100 metres and accommodating not more than 400 residents, as well as multi-apartment residential buildings over 100 metres high, large public buildings, industrial facilities, educational institutions, malls, hospitals, and similar structures.

• The Ukrainian government earmarks UAH 24 billion (approx. SEK 5.9 billion) for purchase of drones for the Security and Defence Forces. The government has already contracted 1 million drones, while 500 Ukrainian companies produce drones.