Business news from Ukraine

Business news from Ukraine

Ukraine Has Implemented About 15% of Its Priority Reform Plan for EU Accession – The Guardian

Ukraine has implemented about 15% of the reforms outlined in the 10-point plan agreed upon with the European Union as part of its preparations for accession negotiations, The Guardian reports, citing an assessment by EU officials.
According to the publication, the plan was agreed upon in December between European Commissioner for Enlargement Marta Kos and Ukrainian Deputy Prime Minister Taras Kachka. It includes priority steps in the areas of the rule of law, anti-corruption policy, the judicial system, and the prosecutor’s office.
Specifically, the program calls for measures to strengthen the independence of Ukraine’s National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO), the adoption of an anti-corruption strategy, and reforms to the procedures for appointing judges and prosecutors.
The Guardian notes that European officials acknowledge the efforts of Ukraine and Moldova to carry out reforms under difficult circumstances; however, in the case of Ukraine, this assessment is accompanied by disappointment over the insufficiently rapid implementation of agreed-upon priorities.
The publication appeared against the backdrop of the start of the first phase of Ukraine and Moldova’s EU accession negotiations. This stage concerns the so-called first cluster of negotiations—issues of the rule of law, democracy, the functioning of institutions, and fundamental reforms.
For Ukraine, these areas are key, as without progress in the anti-corruption and judicial spheres, further advancement through the negotiation clusters will be difficult. The EU traditionally views the independence of anti-corruption bodies and the quality of the prosecution service and judicial system as the foundation for all other reforms.
Ukraine applied for EU membership in February 2022 following the start of Russia’s full-scale invasion. In June 2022, the country received candidate status, and in 2024, the EU formally opened accession negotiations. However, practical progress in the negotiations depends on the implementation of reforms and the unanimous support of all EU member states.
The Guardian reports that EU accession requires a candidate country to adopt thousands of European laws and decisions, as well as approval from all current EU members. Therefore, even with political support for Ukraine, the integration process could take years.
Source: The Guardian – “Ukraine and Moldova to enter first phase of EU membership negotiations”.

 

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North Macedonian President Criticizes EU Approach to Accession Negotiations

According to Serbian Economist, North Macedonian President Gordana Siljanovska-Davkova stated that the European Union needs to revise its methodology for accession negotiations, as the current format, in her words, should not be based on the principle of “shut up and listen.”

Siljanovska-Davkova emphasized that North Macedonia does not accept such an approach to dialogue with the EU. According to her, the negotiation process should be based on equality, respect, and clear criteria, rather than on political demands that go beyond the classic conditions for accession.

The criticism came amid a protracted deadlock in North Macedonia’s European integration. The country received candidate status back in 2005, but its path to the EU was blocked for many years, first by a dispute with Greece over the country’s name, and then by disagreements with Bulgaria regarding history, language, and the rights of the Bulgarian minority.

Following the 2018 Prespa Agreement, the country changed its name from Macedonia to North Macedonia, which paved the way for NATO accession and was intended to accelerate European integration. However, the negotiation process later stalled again due to demands related to the inclusion of Bulgarians in the country’s constitution.

In 2022, the EU agreed on the so-called French proposal, which was intended to lift the Bulgarian veto and unblock the negotiations. However, in Skopje, this formula sparked heated political controversy: some political forces believe that bilateral historical and identity issues should not become part of European criteria.

Siljanovska-Davkova has previously criticized the EU’s approach, stating that enlargement must return to the Copenhagen criteria, the principles of meritocracy, reforms, and the rule of law, rather than depend on additional bilateral requirements.

Formally, the country remains on the European path; however, without constitutional changes and a political compromise with Bulgaria, the opening and advancement of negotiation chapters remain complicated.

Currently, the official candidate countries for EU membership are Albania, Bosnia and Herzegovina, Georgia, Moldova, Montenegro, North Macedonia, Serbia, Turkey, and Ukraine. Kosovo is viewed by the EU as a potential candidate, but its status is complicated by the fact that five EU member states do not recognize Kosovo’s independence.

Turkey’s history shows that candidate status alone does not guarantee accession.

Turkey applied for membership in the then-European Economic Community as far back as 1987, received candidate status in 1999, and accession negotiations began in 2005.

However, Turkey’s negotiations with the EU have effectively reached an impasse and have not progressed for many years. The main reasons are the EU’s concerns regarding the state of democracy, human rights, the rule of law, and media freedom, as well as political disagreements with certain EU member states. While Turkey formally remains a candidate country, its EU membership is not considered a realistic scenario in the near future.

For North Macedonia and other candidate countries, the Turkish example serves as a reminder that the accession process can take decades. Therefore, Skopje is pushing for a more predictable and politically balanced methodology, under which progress toward the EU would depend primarily on reforms rather than on new bilateral blockages.

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France and Italy have opposed EU’s initiative to draft trade agreements exclusively in English

France and Italy have opposed the European Union’s initiative to draft trade agreements exclusively in English in order to speed up the negotiation process, citing constitutional constraints and risks to the multilingual nature of EU institutions, the Financial Times reports.

According to the publication, EU Trade Commissioner Maroš Šefčovič proposed drafting the legal and technical “text” of a new trade agreement with Indonesia entirely in English, with the final text subsequently translated into all 24 official EU languages.

Typically, the process of finalizing trade agreements takes up to two years, as all changes must be agreed upon and implemented in all EU languages. The proposed approach, according to Šefčovič, should reduce the preparation time to one year.

He notes that delays in the process of concluding agreements lead to economic losses and postpone the benefits of trade agreements.

At the same time, France and Italy have expressed objections, citing constitutional provisions and the principle of multilingualism. A French official stated: “This is a matter of the French Constitution. France cannot be bound by or assume obligations under a text that is not drafted in French.”

However, according to sources, there is broad support among EU member states for the idea of accelerating agreement-conclusion procedures.

The European Commission notes that the use of English during the legal and technical drafting phase is standard practice in international negotiations and does not imply a refusal to translate the final documents.

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EU criticizes Serbia for granting citizenship to Russians, but issues passports to them dozens of times more frequently

According to The Serbian Economist, the European Commission believes that Serbia’s granting of citizenship to Russian citizens poses potential security risks to the EU, as holders of Serbian passports are entitled to visa-free entry into EU countries.

Guillaume Mercier, the European Commission’s Enlargement Commissioner, stated that this issue had already been raised in the 2025 Enlargement Report. In that report, the European Commission recommended that Serbia continue to align with EU visa policy and ensure more thorough screening of third-country nationals, particularly those from countries that may pose security risks or contribute to illegal migration.

At the same time, the scale of Serbia’s naturalization of Russians remains incomparably lower than in EU countries. According to Serbia’s Migration Profile, 191 former Russian citizens received Serbian citizenship in 2024. In 2023, there were 532 such cases, and in 2022, 275.

By comparison, Germany alone granted citizenship to 12,980 former or current Russian citizens in 2024. That is nearly 68 times more than Serbia granted in the same year. Spain granted citizenship to 2,588 Russians, Finland to about 1,600, Switzerland to 815, Norway to 782, and the United Kingdom to over 2,300.

According to Eurostat, in 2024, approximately 31,000 Russians received citizenship in EU countries.

Estimated data on the granting of citizenship to Russians in Europe in 2024:

EU total – about 31,000 people

Germany – 12,980

Spain – 2,588

United Kingdom – over 2,300

Finland – about 1,600

Switzerland – 815

Norway – 782

Serbia – 191

For Belgrade, this issue is part of a broader dialogue with Brussels regarding visa policy, migration, and European integration.

For Serbia itself, the situation is ambiguous. On the one hand, the country is interested in maintaining relations with Russia, attracting capital and migrants, and supporting a visa-free regime for Russians. On the other hand, visa and migration policy could become an additional source of friction in relations with the EU.

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EBRD plans to approve loan of up to EUR 15 mln for Kharkiv

On June 12, the European Bank for Reconstruction and Development (EBRD) plans to approve a loan of up to EUR 15 million for Kharkiv to restore heat supply following critical damage in February 2026 to the city’s largest combined heat and power plant, CHPP-5.

According to the bank’s materials, the financing is planned to be used to purchase up to 22 small and medium-sized modular gas-fired boiler houses with cogeneration units, as well as five small cogeneration units for existing boiler houses.

The loan is part of a broader EUR32 million package, which also includes an investment grant from the European Union (EU) of up to EUR17 million.

Given the war risks, the EBRD loan is also expected to receive a partial EU guarantee to cover first-loss risk.

According to the EBRD’s estimates, the project will reduce greenhouse gas emissions by 19,100 metric tons of CO2 equivalent per year.

It is noted that the project is expected to restore access to basic heat supply services for a broad and vulnerable group of consumers, including 99,300 residents—more than 16,500 of whom are internally displaced persons (IDPs)—as well as 23 educational institutions and seven medical facilities.

According to the EBRD, as of early 2026, 212,000 IDPs were officially registered in Kharkiv.

The project is being implemented under the Resilience and Livelihoods Facility (RLF) program.

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In long term, Ukraine will become part of EU — German Chancellor

Peace in Russia’s war against Ukraine can only be achieved through negotiations involving Ukraine, Russia, Europe, and the United States, according to a government statement delivered by German Chancellor Friedrich Merz in the Bundestag on Thursday.

“Our goal for Ukraine remains a just and long-term peace that also takes our security interests into account. For this reason, we support Ukraine. That is the truth. We are doing this today and will continue to do so tomorrow, for as long as necessary,” Deutsche Welle quotes Merz as saying.

Merz stated that support for Ukraine includes a 90 billion euro loan approved by the EU and increased sanctions pressure on Russia; the German government supports efforts aimed at ending the war through negotiations.
“To counter Russia’s open willingness to escalate, we are strengthening NATO’s eastern flank. At the same time, we support efforts aimed at ending this aggressive war by Russia through negotiations. Lasting peace will only be achieved through negotiations involving Ukraine, Russia, the U.S., and Europe. There will be no other option,” the German chancellor noted.

“By waging a defensive war against Russia, Ukraine is also defending our freedom, as well as freedom and security throughout Europe,” Merz added. “After all, Ukraine is part of Europe. In the long term, it will also become part of the European Union,” he emphasized.
Assessing Ukraine’s path toward European integration, the chancellor noted that the country has made significant progress on the path of reforms.

“That is precisely why, a few days ago, I proposed granting Ukraine associate membership in the EU. This would mean Ukraine’s regular participation in EU Council meetings and meetings of the relevant ministerial councils. A Ukrainian commissioner, for now without a portfolio or voting rights, would become Kyiv’s representative in Brussels,” Merz once again explained the essence of his proposal.

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