On October 5 this year, an economic conference was held on economic cooperation between Poland and Ukraine in the context of the reconstruction of this country after the war with Russia under the name Europe-Poland-Ukraine. Rebuild Together. About 500 guests took part in the talks.
Budimex actively participated not only in meetings with the government and local government administration of Ukraine, but also in the debate: “City and region: reconstruction and development”. During the debate, Artur Popko – President of Budimex – emphasised the conditions necessary to engage in the process of rebuilding Ukrainian infrastructure. Polish and foreign capital will be able to support Ukraine to a greater extent if it has a guarantee of transparency of the procurement process and the rule of law in this market. If we want to check these possibilities, we can already start design work for selected investments as Polish companies. This will be an inexpensive test of the possibility of further involvement in Ukraine – said Artur Popko during the panel. Budimex was one of three construction companies invited to talks by the Ukrainian side.
Representatives of the Ukrainian administration presented the opportunities provided to foreign construction companies, such as: land for the construction of blocks of flats, care of the local administration. They also pointed out that Ukrainian companies must also be involved in the reconstruction of the country.
In September, the Kyiv School of Economics estimated direct material losses caused by the war, mainly in the form of destroyed infrastructure, at nearly $115 billion. It is estimated that Ukraine has lost at least 5 million jobs so far, and its production capacity has decreased by 30-45%. Ukraine’s economy will not return to the path of sustainable economic growth without foreign aid. To prevent this, Western countries will have to invest a total of $300-500 billion in the reconstruction of Ukraine. Our eastern neighbour suffered the greatest losses in Infrastructure. The losses are estimated at US$35 billion, which is around US$35 billion. 20% of all material losses in this country.
Representatives of the Ukrainian administration emphasised that Budimex is a well-known company in Ukraine and thanked all Budimex employees for their help in the first months of the war. According to the data of the PEKAO SA Report “Challenges related to the post-war reconstruction of the Ukrainian economy”, Poland, the United States and the United Kingdom supported Ukraine with the largest amounts and materials in relation to their own Gross Domestic Product (GDP). The report estimates that the total benefits for the Polish economy from the involvement in Ukraine may amount to approx. 4% of Polish GDP and will be spread over at least the next 10 years.
