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Ukraine Reconstruction Market Brief - June 2026

EDITORIAL — JUNE 2026

The month of June marked a new milestone for Ukraine's reconstruction. During the Ukraine Recovery Conference 2026, held in Gdańsk, over 160 agreements, representing more than €10 billion, were signed. Beyond the announcements, a shift in direction emerged: discussions are no longer solely about repairing the destruction, but about building a long-term development strategy for the country.

This issue is inspired by the exchanges, meetings, and announcements that highlighted this conference.

In our Open Funding section, we specifically feature the Horizon Europe program's ENERGY call, for which applications will open on August 4th.

Our Flash Interview gives the floor to Ruslan Prykhodko, Deputy Minister of Veterans Affairs. He sheds light on a sector that remains largely unknown to French companies: rehabilitation and prosthetics. With over 1.8 million veterans, simplified contracting procedures, and a rapidly growing market, he points out that "in an open market, any manufacturer ready to guarantee quality will succeed."

Finally, our Regional Focus takes you to Khmelnytskyi, one of the main business relocation hubs in Ukraine. There, you will discover concrete projects, investment opportunities, and an administration recognized for its experience in cooperating with international partners.

As always, this brief has been designed to provide you with concrete, useful, and directly actionable information.

Enjoy the read!

1. OPEN FUNDING

Horizon Europe — ENERGY call (HORIZON-CL5-2026-11)

The European Commission has launched a new call for projects under the Horizon Europe program – Cluster 5 (Climate, Energy, and Mobility). This call aims to accelerate the development of renewable energy solutions and strengthen regional value chains, notably through the valorization of biogenic residues and waste.

Ukraine, as an associated country to Horizon Europe, is fully eligible: Ukrainian partners benefit from the same funding conditions as partners established in the European Union. Furthermore, the call explicitly encourages projects that integrate Ukrainian stakeholders or develop regional value chains in Ukraine.

The selected projects must particularly contribute to:

• Demonstrating the viability of regional value chains based on the use of sustainable solid biofuels, produced locally from biogenic residues and waste, to power high-efficiency cogeneration plants;

• Providing flexible renewable energy as well as heat to local industries, while promoting greater integration of renewable energy into the energy system;

• Developing replicable solutions that enable bioeconomy stakeholders to reduce their dependence on fossil fuels, enhance energy security, and contribute to the climate objectives of the European Union and Ukraine;

• Improving the capacity of public authorities, investors, and industrial players to assess the economic, environmental, and social impacts of projects, particularly regarding circularity, biodiversity, industrial resilience, and soil carbon storage.

Funding body: European Commission — Horizon Europe, Cluster 5 (grant agreement type: HORIZON Action Grant Budget-Based [HORIZON-AG])

Timeline:

• Opening of the call: August 4, 2026
• Submission deadline: December 1, 2026, at 5:00 PM (Brussels time)

Topics and budgets (budget year 2026):

• HORIZON-CL5-2026-11-D3-04 (Pre-Commercial Procurement – PCP): €40M – 1 project funded

• HORIZON-CL5-2026-11-D3-05 (Innovation Actions): €13.5M – approximately €6.75M per project (2 projects)

• HORIZON-CL5-2026-11-D3-06 (Research & Innovation Actions): €18M – approximately €4.5M per project (4 projects)

• HORIZON-CL5-2026-11-D3-14 (Innovation Actions): €30M – approximately €7.5M per project (4 projects)

• HORIZON-CL5-2026-11-D3-23 (Innovation Actions): €30M – approximately €10M per project (3 projects)

Eligibility:

Projects must be led by a consortium bringing together a minimum of three independent legal entities, established in at least three different Member States or associated countries. Ukrainian companies and organizations are fully eligible for funding on the same basis as their European partners.

Read more

2. Act Now

Regional Focus — Khmelnytskyi city territorial community

Why a regional focus in this newsletter?

The reconstruction of Ukraine is not only happening at the national level. It is being built territory by territory, with very specific priorities, stakeholders, and opportunities at the local level.

The objective of this focus is simple:

→ Identify where the projects are located

→ Understand the specific needs of local authorities

→ Detect operational entry points for your company

Every region featured is a gateway to the Ukrainian market.

Key figures

The Khmelnytskyi territorial community is one of the largest economic centers in western Ukraine and a strategic logistics hub between EU countries and central Ukraine. The community actively implements European development standards, possesses significant industrial, agricultural, and IT potential, as well as successful experience in cooperating with international partners and donors.

Identified projects and needs

→ "Khmelnytskyi" Industrial Park. Development of modern infrastructure, attracting investment, establishing innovative enterprises and creating over 3,000 jobs, contributing to the long-term economic growth of the region.

→ "KRYLA" Rehabilitation Center. Creation of an innovative center for psychological, psychiatric, social and medical rehabilitation for military personnel, veterans, their families, as well as families of prisoners of war and fallen heroes. A project directly in line with this month's Flash Interview.

→ New solid fuel (SRF/RDF) and alternative fuel CHP plant. Construction of an alternative fuel CHP plant in Khmelnytskyi (2 MW electricity / 8 MW heat). Investment: €35.78 million; payback period: approximately 15.6 years.

→ New modern sewage treatment plants. Involves the construction of modern sewage treatment plants for domestic wastewater in the city of Khmelnytskyi. 

→ Sports Palace in Khmelnytskyi. Largest indoor sports venue in the region (up to 3,000 seats). Estimated funding requirement: UAH 390 million. Readiness: 65%.

Why Khmelnytskyi?

• One of the country's largest relocation hubs;

• The largest commercial platform in western Ukraine;

• A strategic logistics hub at the intersection of major routes;

• One of the greenest cities in Ukraine providing comfort for people and teams;

• An economy driven by strong SMEs (Small and Medium-sized Enterprises);

• A regional center for education and talent.

The community has successful experience in implementing projects with international partners and donors, which reduces risks for new investors. Khmelnytskyi invites French companies to partner with them as a reliable, competitive, and European-values-oriented community that is building its future today.

Association Presentation — Save Ukraine

Save Ukraine is a non-partisan NGO, present both in Ukraine and in the United States, whose action is built on the "Rescue, Restore, Reintegrate" model: rescue, rehabilitation and reintegration of families and children, with a focus on children and orphans, as well as the elderly and people with disabilities.

Mission

Rescue children from occupation and deportation, restore their physical and psychological health, and support their lasting reintegration into safe families and communities.

Key figures

✓ 334 children rescued and reunited with their families in 2024 — 602 since the beginning of the war

✓ More than 6,000 children assisted every year through its programmes

✓ More than 300 people mobilized, volunteers included

✓ 2024 budget: approximately $8.1 million, of which 85–90% goes to operational expenses

Areas of intervention

✓ Rescue of children from the occupied territories and Russia

✓ Psychosocial support and recovery (Restore programme)

✓ Reintegration of families and children

Identified needs

Funding for underfunded programmes, medical equipment, fuel and maintenance for generators, transport. The organization has its own procurement department (internal or external tenders depending on the case) and accepts donations in kind.

Why are we highlighting this initiative?

The reconstruction of Ukraine does not rely solely on large-scale infrastructure projects. It is also about protecting the country's most precious resource: the children and families affected by the war.

By highlighting organizations like Save Ukraine, the CCIFU aims to build bridges between humanitarian commitment and corporate mobilization. Partnering with this type of organization means taking concrete action today, while contributing to the overall effort of resilience and national reconstruction.

→ Contact: info(@)saveukraineua.org 

Website

3. FLASH INTERVIEW

Ruslan Prykhodko 

Deputy Minister of Veterans Affairs of Ukraine - rehabilitation and prosthetics

"The prosthetics sector is an open market: any manufacturer able to guarantee quality will succeed."

According to the Ministry of Veterans Affairs, Ukraine counts more than 1,810,000 war veterans since 2014, plus more than 225,000 family members of fallen defenders (figures as of 1 June 2026). Virtually every veteran will need medical or psychological support to some degree. The technologization of the war (FPV drones in particular) is increasing the share of complex polytrauma: multiple amputations, often combined with sensory impairments (sight, hearing).

What is changing in the Ukrainian system

→ A "seamless mono-service" for prosthetics: a single multidisciplinary team accompanies the patient from surgery to the end of primary post-fitting rehabilitation — a clear chain of responsibility.

→ A change of philosophy: from "disability as a sentence" to functional compensation through assistive technologies and equal access - housing, employment, mobility, sport.

→ Veterans' sport, recognized by law, brings together more than 300,000 active participants — and drives demand for functional, high-tech prosthetics.

→ Data integration: a political agreement plans to connect the eHealth system with the national Register of Veterans, paving the way for real statistics on rehabilitation needs and outcomes.

The most promising niches for French companies

→ Prosthetics: an open market where quality makes the difference

→ Assistive technologies — the biggest gap: navigation for people who have lost their sight, connected devices, adapted home equipment

→ Adaptive sports equipment: Kyiv counts only 12 basketball wheelchairs — no mass production exists in the country

→ Equipment for rehabilitation centers: the new centers, visited by partners from all over the world, serve as showcases and testing grounds for new technologies

Ukraine has become a unique platform of experience: European medical teams now come to train there, because experience with these types of trauma can hardly be acquired anywhere else. The expertise gained in Ukraine will raise the technological level of partner countries' national industries, including France's — "a shared victory."

👉 Read the full interview with Ruslan Prykhodko on our website.

4.  GREEN RECOVERY: AN EXPERT'S VIEW

Five recommendations for international companies considering entry into Ukraine's reconstruction market 

Yevhen Kalinin, CEO of Veolia Ukraine

When international companies weigh their prospects in Ukraine, the conversation almost always starts with one question: what are the risks? War remains the main uncertainty, but the less-publicised challenges often decide whether a business succeeds. The reconstruction market will not be born when the fighting ends; it is already taking root. International financial institutions are setting their priorities, municipalities are defining their investment needs, and the first partnerships are forming now. Five principles can determine a company's place in this market for decades.

1. Don't wait for the war to end. The foundations of future projects are being laid today. According to RDNA4 (World Bank, European Commission, UN and Ukrainian government), reconstruction needs already exceed $500 billion, but projects take shape long before the equipment arrives, through partnerships, feasibility studies and financing models. The Veolia Ukraine–BGV Group Management partnership shows the pattern: partnerships first, concrete investment projects after.

2. Choose a partner, not an intermediary. Looking for someone to "solve every problem" almost always fails on large infrastructure. The most successful European model is tripartite: municipality, international financial institution and private operator, each with a clear role. Ukraine is moving this way as decentralisation strengthens local government. The best investment today is lasting relationships with local authorities, financial institutions and quality Ukrainian partners.

3. Don't just sell products — offer solutions. Ukraine needs more than pipes, pumps or treatment plants; it needs new models of infrastructure management. Demand is growing for long-term arrangements in which the operator also runs, digitises and improves the energy efficiency of assets against defined service targets — service contracts, concessions and PPPs where the company answers for the result, not only the technology.

4. Don't rely on grants alone. Donor aid is only one part of the financing. With needs above $500 billion, no state budget or grant programme can suffice, so international financial institutions are pushing to mobilise private capital. At the Ukraine Recovery Conference 2025 in Rome, the EU announced a €2.3 billion package meant to catalyse up to €10 billion in new investment. EBRD President Odile Renaud-Basso stresses that recovery is impossible without a strong private sector. Companies should be ready to act as long-term investment partners, not just suppliers or subcontractors.

5. See opportunity beyond destruction. Ukraine is one of Europe's most promising infrastructure markets for decades to come, water, heating, waste, energy and transport all need modernisation to European standards, not merely repair. Reconstruction is not a return to the pre-2022 order but a chance to build energy-efficient, digital, crisis-resilient infrastructure fully integrated into the European economic space. The companies that arrive now, with a long-term vision and cutting-edge technology, will shape Ukrainian infrastructure for generations.

For international companies, this means the possibility not only of operating in a new market, but of becoming the architects of its transformation. Those companies that arrive in Ukraine today with a long-term vision, cutting-edge technologies, and the willingness to invest in development now will shape the face of Ukrainian infrastructure for generations to come.

Read the full interview
 

5. URC 2026: FROM EMERGENCY RESPONSE TO LONG-TERM RECOVERY PLANNING

The Ukraine Recovery Conference 2026 (25-26 June, Gdańsk) closed with 160 agreements worth more than €10 billion in commitments, built on three focuses: the human dimension, digitalisation and public-private partnership.

Key results

• Housing — €351 million mobilised

→ The Council of Europe Development Bank (CEB) is providing more than EUR 251 million to expand housing programmes and support Ukrainians who have lost their homes as a result of Russian aggression

→ The European Investment Bank (EIB) is launching a EUR 100 million pilot programme for social and affordable housing for internally displaced persons (IDPs), young people, and single-parent families, combining an EU grant with an EIB loan.

• Transport — €149 million for roads and connectivity

→ The European Investment Bank allocated EUR 96 million for the rehabilitation of roads and bridges and the development of border infrastructure to strengthen connectivity with the European Union.

→ The European Investment Bank also announced the forthcoming signing of a EUR 60 million agreement for the development of border crossing infrastructure under the «Border Crossing Points (Tranche A)» project.

→ A Memorandum of Understanding on the Security and Connectivity Initiative between Ukraine, the European Commission and the European Investment Bank was signed, paving the way for EUR 120 million in financing for infrastructure, transport, energy and digital infrastructure.

→Launch of the Ukraine Transport Support Fund, with initial contributions from Lithuania, Sweden, Norway and Estonia

• Municipal infrastructure — €524 million under the Ukraine Investment Framework

→ EUR 524 million was mobilised for municipal infrastructure projects under the Ukraine Investment Framework (UIF). Agence Française de Développement (AFD) allocated EUR 276 million for the «Municipal Infrastructure for Sustainable Territories (MISTO)» project, NEFCO allocated EUR 109 million for the Green Recovery Programme for Ukraine, and Bank Gospodarstwa Krajowego (BGK) allocated EUR 139 million for municipal projects.

→ EIB provided a EUR 25 million grant and also announced its intention to sign an agreement to expand the programme through Tranche B, worth EUR 100 million.

Source: Ministry for development of communities and territories of Ukraine

The CCIFU was there

On June 25–26, the French-Ukrainian Chamber of Commerce and Industry (CCIFU) took part in the Ukraine Recovery Conference 2026 (URC2026) in Gdańsk - one of the largest international events dedicated to the recovery of Ukraine.

CCIFU participated in numerous discussions involving representatives of the public sector, international institutions, donors, and companies involved in the country's rebuilding.

This year, the 5th URC conference was built around five key areas: 

🔹 Economy 

🔹 Human capital 

🔹 Local and regional development 

🔹 European integration 

🔹 Security and defense

Through our presence at this critical event, the CCIFU reaffirms its dedication to driving concrete solutions and supporting Ukraine's long-term economic and structural renewal.

6. TRAVEL ADVICE

The security situation in Ukraine remains challenging but managed. It is crucial to understand that Russian strikes can occur across the entire country. We strongly recommend that you do not ignore air raid sirens and stay informed through official government channels.

Tip: To track alerts, manage power outage schedules, or locate the nearest shelter, download the Kyiv Digital app. It is available in English and allows you to register with an international phone number.

Useful WhatsApp groups: UA Air Force, SPRAVDI, Ukraine.ua, Suspilne

French nationals can enter Ukraine without a visa for stays of up to 90 days.

Transport

With airspace closed since February 2022, the simplest option is to fly to a neighboring country and then reach the capital by train (from Chelm, Warsaw, or another city). Please note: demand for these trips is very high.

For train ticket reservations, it is strongly advised to book in advance:

●     In Poland: The PKP Intercity app is the go-to for long-distance travel. For regional connections or to compare bus and train options, the KOLEO app is also very efficient and intuitive.

●     In Ukraine: For specific journeys between Poland and Ukraine, use the official app of the Ukrainian railway company, Ukrzaliznytsia (available in English).

Taxi services in Ukraine

Urban transport apps work very well in major Ukrainian cities.

●      Bolt: Very widespread; it is often the fastest option with many available drivers.

●      Uklon: A reliable local Ukrainian app.

●     Uber: Also available in major cities like Kyiv or Lviv, though the fleet is sometimes less dense than Bolt's.

Daily life and restrictions

●     Curfew: A curfew is in effect throughout the country. In Kyiv, it runs from 00:00 to 05:00. During this interval, it is strictly forbidden to be on the street without a special permit.

●     Energy: Depending on the evolution of the situation, power outages are possible.

We recommend that you always carry your identity documents with you.

Business travel and insurance

For any business trip, it is mandatory to take out insurance that includes war risks. To determine which type of coverage meets your needs, we invite you to watch our dedicated webinar on this subject.

To define the insurance policy that is right for you, you can contact:

●      GEODESK

●     ATLAS RISK COVER

You can also review the replay of the webinar on insurance

You can find a company to assist you with security-related matters among our members:

• Lafayette Risk Intelligence
• GEOS Groupe ADIT
• Amarante International

You can also watch the replay of the webinar dedicated to security.

7.BUSINESS CORNER - Legal advice

A new pharmaceutical regulator 

On June 4, 2026, the CMU adopted the Resolution establishing a new state regulatory authority – the Ukrainian Pharmaceutical Agency (hereinafter the "Ukrpharmaagency").  Ukrpharmaagency will exercise its powers in the following areas : the development, market authorization, and monitoring of the quality, safety, and efficacy of medicinal products; market surveillance of medical devices, in vitro diagnostic medical devices, active implantable medical devices, and bioimplants; market surveillance of cosmetic products; the circulation of narcotic drugs, psychotropic substances, and precursors, and combating their illicit trafficking; and blood and blood component donation, and the operation of the blood system. The State Service on Medicines and Drugs Control will be liquidated; the agency is expected to be registered by September 2026 and operational from January 2027. 

Construction: insurance of risks can now be priced into public contracts 

On 8 June 2026, Order No. 1069 of the Ministry for Development approved Change No. 6 to the national construction cost norms ("Nastanova"). Estimated wages on publicly funded projects are now tied to the actual average construction wage of the region (State Statistics data) with coefficients of 1.5 to 3 — and, notably for foreign contractors, the costs of insuring construction risks may now be included in the contract price, based on commercial proposals from insurance companies. 

Ukraine adopts its Long-Term Low-Carbon Development Strategy to 2050 

On 10 June 2026, the Cabinet of Ministers approved the Long-Term Low-Carbon Development Strategy of Ukraine to 2050. The document defines the vision and key areas of economic decarbonization and creates a unified framework for coordinating the actions of the state, business, and international partners on the path toward climate neutrality. Key targets include: additional GDP growth of up to 2.1% by 2035; more than halving the energy intensity of the economy; development of new sectors — biomethane, hydrogen production and CO2 capture and storage technologies; over 4 GW of distributed generation; support for the transformation of regions and the creation of new green jobs. 

Source: Arzinger

8. WHY JOIN THE CCIFU

Joining the French-Ukrainian Chamber of Commerce means establishing yourself in Ukraine with a trusted local partner at the heart of a dynamic network of nearly 130 French and international companies already active in the market.

In a rapidly transforming environment, the CCIFU supports you in securing your approach, accelerating your development, and connecting you with the right contacts at the right time.

Each year, the Chamber organizes nearly 60 events: sectoral meetings, conferences, professional committees, and networking events. These are concrete opportunities to understand the market, share feedback, and develop business opportunities.

Concrete benefits for members:

✓ One day of Business Support Services offered to every new member

✓ Access to high-level meetings in a small-group format

✓ Integration into an active network of French companies already established (direct contacts, partnership opportunities, field reports)

✓ Preferential rates on the Let's Rebuild Ukraine study

✓ Preferential rates with our partners (particularly in the hotel industry)

✓ Participation in sectoral committees (HR, agriculture, businesswomen, etc.)

✓ Increased visibility via our communication channels and events

Why now?

The reconstruction of Ukraine is already underway. It is being structured, financed, and organized today.

The companies present now will be the ones that understand the market, build key relationships, and seize the most strategic opportunities.

Do not let this window of opportunity close.

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