Ukraine and EU launch €100 million military innovation partnership, officials in Rome say

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Ukraine and EU launch €100 million military innovation partnership, officials in Rome say  BraveTech EU is the first major tech alliance between Ukraine and Europe on equal terms, with each side set to invest €50 million in the programme.   READ MORE : http://www.euronews.com/2025/07/11/ukraine-and-eu-launch-100-million-military-innovation-partnership-officials-in-rome-say  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:00With Russia's intensified attacks on Ukraine and the prospects of a ceasefire are still uncertain,

00:07efforts to rebuild water in Ukraine have never been more urgent.

00:12The fourth edition of the Ukraine Recovery Conference wraps up in Rome on Friday

00:16with more than 10 billion euros committed to Ukraine's reconstruction

00:20and a renewed promise to keep the spotlight on the country.

00:24The cost of rebuilding Ukraine's economy has now reached $524 billion,

00:29nearly three times its projected economic output for 2024,

00:34with housing and transport among the most heavily affected sectors.

00:38We spoke with the World Bank about how crucial it is

00:42where the recovery efforts go hand in hand with reforms.

00:46So we coordinate very closely as the international community

00:49to make sure that anything we do on assisting Ukraine

00:52on thinking through the reforms is actually aligned with their EU accession agenda.

00:57So the types of reforms they're looking at is of course creating a much more competitive economy,

01:02one where the public and the private sector play a significant role,

01:06one where the human capital is lifted up through better education standards,

01:10access to health care, social safety nets that are targeted but also funded,

01:16and very importantly reducing the footprint of the state.

01:21Today Ukraine faces the unprecedented challenge of maintaining financial engagement

01:26and global mobilization while the fighting continues.

01:31I'm quite upset about the situation with the economy.

01:34Although it's very resilient and it has been growing since 2022,

01:38business is recovering, there are great government programs to do so.

01:42However, we are getting to the point where all the expectations about the length of the war are wrong.

01:48So it was expected in all the projections on the macro situation that it's going to be ending in the mid-2025.

01:55And so it means that for the end of this year and for the next year,

01:59there is not enough external financing, not enough commitments on the weapon,

02:03and there is, according to me, not enough attention to this at the URC.

02:08The level of participation in this edition of the URC that has taken place in Rome has been significant.

02:14The presence of so many companies and businesses has been one of the main highlights,

02:19showing the importance of fostering engagement between the private and public sectors

02:24and of keeping Ukraine's reconstruction high on the global agenda.

02:28Giorgio Orlandi for Euronews in Rome.

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