Finland Allocates €37.3M for Ukraine Recovery via SISU Program
Finland launches the €37.3 million SISU program to support Ukrainian companies in defense, security, and dual-use technology sectors.
🏦Банки та грошіPhoto: Інтерфакс-Україна: економіка
Key points
- Finland allocates €37.3 million through the SISU program
- Funds target investment guarantees and direct loans for Ukrainian companies
- Program focuses on defense, security, and dual-use technology sectors
The Finnish government has approved €37.3 million for Ukraine's recovery under the "Strategic Investments and Support for Ukraine" (SISU) program. According to Finland's Ministry for Foreign Affairs, the funds aim to strengthen Ukraine's economic resilience and mobilize private investment for reconstruction.
The program will support Ukrainian businesses in defense, security, and dual-use technologies through various financial instruments. These include investment guarantees and direct loans, designed to improve financing accessibility for companies and strengthen risk management capabilities.
A key objective of SISU is creating a channel for Finnish companies to enter the Ukrainian market. This should enhance Finnish business participation in Ukraine's long-term economic recovery and promote the internationalization of local enterprises.
The initiative aligns with European Union goals to support Ukraine's innovation potential. Funding will be provided not directly, but through financial solutions, ensuring more efficient resource allocation and attractiveness for private investors.
Source Інтерфакс-Україна: економіка — interfax.com.ua/news/economic/1235583.html ↗
Read next
💼Ринок праціSkyUp Airlines Appoints Dmytro Popel as New CEO Amid Group Transformation
SkyUp Airlines has announced management changes, with Dmytro Popel taking over as CEO while former head Dmytro Seroukhov moves to a group-level commercial role.
🛒Ціни та тарифиUAV debris damages power line in Poltava region, leaving hundreds without electricity
Enemy drone debris damaged a power line in the Poltava region, cutting off electricity for about 450 consumers.
🏢БізнесRussian Missile Strike Damages Naftogaz Facility in Chernihiv Region
Two Russian missiles targeted a Naftogaz Group facility in northern Ukraine, causing significant damage to technological equipment. No casualties were reported.
🏢БізнесDonald Trump Suggests Tim Cook Should Take Over Nvidia Following Jensen Huang's Exit
US President Donald Trump stated that former Apple CEO Tim Cook would be the ideal replacement for departing Nvidia chief executive Jensen Huang.
🏢БізнесCabinet of Ministers closes disciplinary proceedings against Head of Shipping Administration
The Ukrainian government has closed the case against Serhiy Hurskyi and reinstated him as the head of the State Service for Maritime and Inland Water Transport.
🏢БізнесUS Special Envoys Announce European Involvement in Upcoming Ukraine Peace Talks
Following meetings in Moscow, US envoys confirmed that European representatives will join the next round of negotiations.