Signing a contract with ECA Ukraine
During the ongoing Ukraine Recovery Conference (URC 2026) in Gdańsk, we signed a Memorandum of Understanding (MoU) with ECA Ukraine. This agreement lays the foundation for further strengthening our cooperation, including KUKE’s potential equity involvement in the ownership structure of the Ukrainian agency.
The intention of both parties is simple: close cooperation to support the development of entrepreneurs and the economies of both countries.
KUKE has been cooperating with ECA Ukraine since 2021. Today, we are taking this partnership to the next level. The agreement between the two agencies marks a historic step forward, aimed at deepening cooperation in the areas of knowledge transfer, the exchange of experience and, most importantly, complemented by a capital investment, which will pave the way for long-term strategic cooperation.
Today, Ukraine and Poland are building not only good-neighborly relations but also a new model of economic partnership. The memorandum signed between the Export Credit Agency of Ukraine (ECA) and KUKE creates new opportunities for even closer institutional cooperation, the exchange of expertise, and the joint development of export support instruments. It is particularly significant that the Polish side is considering the possibility of taking an equity stake in the Ukrainian agency. This is a strong signal of confidence in Ukraine’s institutions and in the economic potential of our country. I am confident that this cooperation will serve as a catalyst for new projects, investments, and mutually beneficial trade between our two countries.
What the agreement means in practice:
- We provide access to knowledge on the best market solutions and modern risk management instruments.
- We gain direct access to key business partners and political decision-makers in Ukraine, as well as insight into local conditions and up-to-date information on market risks.
- A potential direct investment will increase the capital of the Ukrainian agency, which will translate into enhancing its capacity to insure transactions, thereby generating higher profits resulting in dividends for the owners.
This historic event was formalized in the presence of the Minister of Finance and Economy, Andrzej Domański, highlighting the strategic nature of this transaction.
The dynamics of economic exchange with Ukraine are the highest among our country's key economic partners. Direct knowledge of that market is of vital importance for Polish exporters, investors, and the financial institutions backing them. Therefore, closer cooperation with ECA Ukraine and the ultimate equity involvement will enable KUKE to support Polish business in Ukraine even more effectively. Poland already accounts for 30 percent of the entire European Union's exports to this country. On the other hand, the Ukrainian institution gains a partner with the knowledge and experience that will help accelerate the country's development and modernization.
Today’s signing is not just another document. It is the logical outcome of four years of consistent work and a prove to the fact that KUKE is not only a partner but also a strategic ally of the Export Credit Agency of Ukraine (ECA). The possibility of the Polish agency taking an equity stake in our capital is unique even by global standards. Only a handful of export credit agencies worldwide have both the mandate and the capacity to take such a step.
We would like to thank the ECA Ukraine team for their openness and readiness to cooperate.
