Norfund, Norway’s state development fund, will allocate €350 million to Ukrainian businesses between 2027 and 2030. The funds are intended for investments in Ukraine’s private sector.
Together with the previously allocated €93 million, the fund’s total financing for Ukraine will increase to €443 million.
Investments will be made through the Investment Fund for Ukraine, which Norfund has managed since 2024.
The organization provides commercial loans and takes equity stakes in companies, with individual transactions ranging from €5 million to €50 million.
The new budget is allocated by year as follows:
The Norwegian fund plans to invest in profitable companies with significant growth potential.
The main areas for investment are renewable energy, manufacturing, agribusiness, the banking sector, and companies that are expanding their production capacity or loan portfolios.
When acquiring a stake, the fund purchases only minority shares, so controlling stakes and management of the companies remain with the current owners.
This was reported by Forbes Ukraine.
Earlier, a European Commissioner stated that Ukraine would not receive preferential terms for EU accession.
As a reminder, the European Commission will allocate €130 million for drones to strengthen border control.
Bulgarian Prime Minister Rumen Radev stated that Europe should reconsider the balance between military, economic, and diplomatic tools and prioritize diplomacy in its relations with Russia. According to him, further escalation could lead to the risk of a Russian nuclear strike.
NATO Secretary General Mark Rutte stated that the North Atlantic Alliance does not see an immediate threat to its territory and views nuclear blackmail by Russia as an attempt to divert attention from its own defeats in Ukraine.
- 2027 — 70 million euros;
- 2028–2030 — 93 million euros each year.
Source: UA
