EIB Reopens School in Chernivtsi After Euro 930,000 Renovation, Supporting More Than 400 Students and Teachers

Strategic Insights -

The European Investment Bank (EIB) has reopened a school in the southwestern Ukrainian city of Chernivtsi after a major renovation, funded by Euro 930,000. The gymnasium, which serves more than 400 students and teachers, has been upgraded with modern facilities, including thermal insulation, a new roof, energy-efficient windows, and a heating system that regulates indoor temperatures and reduces energy costs. The renovation, completed in six months, has improved conditions for students who have been displaced by Russia's full-scale invasion of Ukraine in 2022, as well as for children with disabilities.

Key Takeaways:

  • The EIB has allocated Euro 930,000 for the renovation of Gymnasium No. 20 in Chernivtsi, Ukraine, which serves more than 400 students and teachers.
  • The renovation included the installation of thermal insulation, a new roof, energy-efficient windows, and a heating system that regulates indoor temperatures and reduces energy costs.
  • The project was carried out under the EIB's Euro 200 million Ukraine Early Recovery Programme, one of three joint European Union-EIB recovery initiatives.
  • Since the invasion of Ukraine in 2022, the EIB has provided Euro 3.6 billion in financing, with almost two-thirds already disbursed.
  • The EIB has committed to stepping up its financial support for Ukraine's resilience and modernisation, with a focus on essential social infrastructure, including schools, kindergartens, hospitals, housing, heating, and water systems.
  • The reconstruction of the gymnasium in Chernivtsi was completed in six months, with technical assistance provided by the United Nations Development Programme (UNDP).

Statistics:

  • Euro 930,000: the amount allocated by the EIB for the renovation of Gymnasium No. 20 in Chernivtsi, Ukraine.
  • Euro 200 million: the amount allocated by the EIB for the Ukraine Early Recovery Programme, which supports the restoration of essential social infrastructure in Ukraine.
  • Euro 3.6 billion: the amount allocated by the EIB for Ukraine since the invasion in 2022, with almost two-thirds already disbursed.
  • 740 million: the amount allocated by the EIB through recovery programs in Ukraine as of July 2025.

Sources:

  • European Investment Bank
  • European Investment Bank
  • Ukrainian Regional Military Administration
  • United Nations Development Programme (UNDP)