Ukraine’s Nestlé boost is as important as EU aid, writes pierrebri
Nestlé will invest 40 million Swiss francs in a new facility that will help to produce cold sauces, seasonings, soups and instant food. The Swiss consumer group, which already has 5,800 employees in the country, will add 1,500 new jobs in the process. Meanwhile the EU struck a deal with holdout Hungary that will allow it to disburse aid to Ukraine next year.
While still at war with Russia, Ukraine needs Western aid to help the government pay its teachers, doctors and soldiers, and start rebuilding railroads and power plants. Private investments will be equally crucial to help the economy take off. Nestlé’s soup spending raises the hope others will follow suit. Deal whiz Byron Trott suffers minor grill burns
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