On Wednesday, July 15, the Memorandum of Cooperation between SERCOBE and the FEU (Federation of Employers of Ukraine) was signed in Kiev.
The Memorandum aims to develop relations between Ukraine and Spain, especially in the context of post-war recovery, by strengthening industrial collaboration, trade, economic, investment, scientific and technological cooperation between Ukraine and Spain in technologically advanced sectors.
Spain has been a reliable partner in the recovery of Ukraine's economy and industry since the start of the Russian Federation's full-scale war against Ukraine, as well as a major supplier of industrial technologies and equipment needed to rebuild and strengthen Ukraine's industrial capacity.
The Memorandum contemplates the creation of an Industrial Council, led by SERCOBE and the FEU and involving relevant business representatives, experts, institutions and agencies, whose main objective is to guarantee coordinated, structured and continuous cooperation, and to detect business and cooperation opportunities for companies in both countries.
The memorandum was signed in Kiev in the presence of First Vice President Carlos Cuerpo and Ukrainian Economy Minister Oleksii Sobolev.
During the bilateral meeting, Minister Carlos Cuerpo announced new items for a total value of 570 million euros in financing and risk coverage to promote and promote Spanish investments in the reconstruction of Ukraine.
SERCOBE, the National Association of Capital Goods Manufacturers, has been developing industrial projects in the country for decades, and has increased its export activity since the beginning of the war. The capital goods sector in Spain has a turnover of more than 70,000 million euros, of which more than 50,000 are exports.
The Federation of Employers of Ukraine (FEU) is the most influential Ukrainian business association. Founded in 2002, the Federation has been successfully representing and protecting business interests in Ukraine and internationally for 20 years. Currently, the FEU brings together more than 140 sectoral and regional employers' organizations representing the most important sectors of the Ukrainian economy, such as machine building, metallurgy, automotive, aerospace and defence industries, agriculture, chemical industry, IT, media, energy, medical and microbiological industry, construction, transport and infrastructure, retail and logistics, light industries and food, tourism, public services, service sector.
The Federation represents more than 8,000 companies, collectively employing about 3 million people and generating around 70% of the national GDP.