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Home Ukraine

Ukrainian reforms combined with European Union support delivering positive results

The FINANCIAL by The FINANCIAL
July 14, 2017
in Ukraine
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Ukrainian reforms combined with European Union support delivering positive results
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The FINANCIAL — The 19th Summit between the European Union and Ukraine ended in Kyiv on 13 July.

The event took place against the backdrop of the ratification of the EU-Ukraine Association Agreement, which was recently finalised, and the granting of visa-free travel to the Schengen area for Ukrainian citizens in June, according to EU Neighbours East Info.

The President of the European Commission, Jean-Claude Juncker, and the President of the European Council, Donald Tusk, represented the European Union. Ukraine was represented by its President, Petro Poroshenko. From the European Commission, Vice-President Valdis Dombrovskis and Commissioners Johannes Hahn and Cecilia Malmström also attended.

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Speaking at a joint press conference, Juncker said: “More steps have been taken in the last three years than in the previous twenty, Ukraine should be proud of what it has achieved.”

The Summit provided an important opportunity to review the progress made in the implementation of Ukraine’s ambitious reform efforts, as well as to identify further reform priorities, including in the area of anti-corruption and transparency.

EU leaders outlined the way forward in terms of the disbursement of the third tranche of EU macro-financial assistance, including the necessary measures to be taken by the Ukrainian authorities in this respect. They also announced the preparation of €200 million worth of priority programmes for 2017, including support to conflict-affected areas in the east of Ukraine, energy efficiency, and public finance management.

 

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