Business news from Ukraine

Business news from Ukraine

EC allocates EUR 500 mln to Ukraine as part of budget support program

On Monday, the European Commission is signing a new budget support program with Ukraine in the amount of EUR 500 million.
The corresponding announcement in Brussels on Monday was made by the representative of the European Commission, Eric Mamer, talking about the documents to be signed within the meeting of the Council of the Ukraine-EU Association.
Mamer said on the sidelines of the Council, the European Commission is signing four sectoral agreements with Ukraine to further strengthen Ukraine’s cooperation with the EU. According to him, first, the European Commission and Ukraine are signing a new EUR 500 million budget support program as part of a pledge announced by the President as part of the Support Campaign for Ukraine in April and at a high-level conference held in Warsaw in May. This funding will guarantee housing and education for internally displaced persons, and will also support the agricultural sector, Mamer said.
The European Commission will also sign a number of other agreements. Among them is the participation of Ukraine in the European Union’s program “Digital Europe,” another agreement will allow Ukraine to participate in the tax program.

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