Business news from Ukraine

Business news from Ukraine

Montenegro and Iceland May Join EU Simultaneously in 2028

According to Experts.news, Montenegro and Iceland may eventually become members of the European Union at the same time—the possibility of combining the two countries’ accession into a single package is being discussed in Brussels by representatives of the European Commission and European diplomats, Politico reports.

This option is being considered against the backdrop of Montenegro’s rapid progress in membership negotiations and Iceland’s possible return to the European integration process, which was put on hold more than a decade ago. The EU has not yet made a final decision on the countries’ joint accession.

A key event will be the referendum in Iceland on August 29, 2026, in which citizens will have to decide whether the country should resume negotiations on EU accession. The Icelandic parliament approved the referendum in May. If a majority supports resuming negotiations, the outcome will subsequently have to be put to a second referendum—this time directly on the country’s membership in the European Union.

European Commissioner for Enlargement Marta Kos called Iceland a “special case,” as the country is already deeply integrated with the European Union through the European Economic Area and the Schengen Area.

In her assessment, if the referendum yields a positive result, negotiations with Reykjavík could potentially last only one or two years. Kos also stated that the EU is ready to seek special solutions for the issues most sensitive to Iceland, primarily fisheries and agriculture.

This theoretically allows Iceland to catch up with Montenegro and enter the final stretch of negotiations at roughly the same time as Podgorica.

Montenegro is currently the candidate that has advanced the furthest in the EU accession process.

All 33 negotiation chapters have already been opened, and following the EU–Montenegro Intergovernmental Conference on July 14, 18 chapters were provisionally closed. The most recent chapters to be closed were those on competition policy and the Customs Union.

Thus, Podgorica has completed more than half of the process of closing negotiation chapters and expects to conclude negotiations by the end of 2026.

The government of Prime Minister Milojko Spajić has officially set a goal of becoming the 28th EU member state in 2028. The European Union has already begun preparatory work on Montenegro’s accession treaty, and on June 30, the European Commission presented a financial package outlining the budgetary implications of the country’s future membership.

One of Politico’s sources at the European Commission stated that there is a significant likelihood of a joint package being formed for the two countries.

The economic rationale for this option lies in the substantial differences between the two countries.

Iceland is a wealthy economy and, upon accession, would likely become a net contributor to the EU budget. Montenegro, by contrast, due to its relatively low per capita income, would be a recipient of European funding.

According to European diplomats, combining the two countries into a single package could therefore simplify the political coordination of enlargement for current EU members.

Montenegro’s Minister for European Affairs, Maida Gorčević, told Politico that Podgorica is open to the possibility of linking its accession to that of Iceland.

Iceland’s Minister of Foreign Affairs, Torgurdur Katrín Gunnarsdóttir, also called joint accession “absolutely” possible.

However, each country will have to fulfill the membership criteria independently. Merely combining them into a single treaty or political package does not eliminate the need to complete negotiations and secure the consent of all current EU member states.

Despite the high level of economic integration, Iceland’s possible return to the negotiations does not guarantee their smooth conclusion.

For Iceland, control over fishery resources carries significantly greater economic and political weight than it does for most EU member states. The country’s foreign minister has stated that retaining control over fisheries will be one of the fundamental conditions of any future agreements with Brussels.

However, Iceland already applies a significant portion of EU legislation thanks to its membership in the European Economic Area. That is why the process could potentially proceed much faster than for most current candidates.

Montenegro applied for EU membership in 2008, was granted candidate status in 2010, and membership negotiations officially began on June 29, 2012. Currently, all 33 negotiation chapters have been opened, of which 18 have been provisionally closed. Following an acceleration of reforms in 2024–2026, the country became the leading candidate for the next EU enlargement.

Iceland took a completely different path. Following the global financial crisis, it applied to the EU in July 2009, and negotiations began in 2010. By the time negotiations were suspended, 27 negotiation chapters had been opened, 11 of which had been provisionally closed.

After a new government took office in 2013, negotiations were frozen, and in March 2015, Reykjavík asked the European Union to no longer consider Iceland a candidate country. At the same time, the country maintained the closest possible integration with the EU through the European Economic Area and the Schengen Area.

In 2026, the issue of membership returned to the political agenda. Parliament scheduled a referendum for August 29 on whether to resume negotiations.

The format of several countries joining the EU simultaneously is not new. Spain and Portugal joined the Community at the same time in 1986; ten countries joined the EU as part of the 2004 enlargement; and Bulgaria and Romania joined simultaneously in 2007.

If Iceland votes to resume negotiations and is able to quickly resolve contentious issues with Brussels, 2028 becomes, for the first time, a theoretically possible date for the simultaneous accession of Montenegro and Iceland. For now, however, this is a political scenario rather than an approved EU enlargement timeline.

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PRESIDENT OF UKRAINE ZELENSKY: EU RESPONSE TO UKRAINE’S APPLICATION FOR MEMBERSHIP WILL SHOW WHETHER EUROPE HAS FUTURE

President of Ukraine Volodymyr Zelensky said that the European Union’s response to Ukraine’s application for membership will show whether Europe has a future.
“Now, of course, is a decisive time. Not only for Ukraine, but also for the European Union, for the entire European continent. Now it is being decided what the future of a united Europe will be like and whether it will be at all. Russia wants to destroy European unity, wants to leave Europe split and weak. All of Europe is a target for Russia, and Ukraine is only the first stage in this aggression, in these plans,” Zelensky said at a briefing with European Commission President Ursula von der Leyen in Kyiv on Saturday.
That is why, according to the head of state, “a positive response of the European Union to the Ukrainian application for EU membership can become a positive answer to the question – does the European project have a future at all.”
Zelensky stressed that the people of Ukraine have already made a great contribution to the protection of freedom and values shared with the European Union.
“Thousands of Ukrainian lives were given to live in Ukraine and all of Europe as a person, to live freely. During such a brutal war, Ukrainians made sure that state and public institutions remain stable. Our people are absolutely integrated into the European space,” he said.
He also noted that polls conducted among the European population showed that people support Ukraine in joining the EU.
“And this is fair. And we are really looking forward to the recognition of this reality at the political level on June 23-24, when the historic meeting of the European Council for us should take place. Its logical decision should be to grant Ukraine the status of an EU candidate country. We really believe in this … The Ukrainian people will do everything necessary for the European integration of Ukraine,” Zelensky stressed, adding that “the European project definitely cannot be completed without Ukraine.”

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MOLDOVA APPLIES FOR EUROPEAN UNION MEMBERSHIP

Moldova is applying for membership in the European Union, the country’s President Maia Sandu told a briefing in Chisinau on Thursday evening.
The application to the president of the European Council, French President Emmanuel Macron, will be filed in Brussels in the next few days, she said.
“This is the will our citizens expressed during elections. In the current complex situation we must act quickly and coherently so as to ensure a European, free and democratic future for our citizens,” Sandu said.
She signed the application in front of journalists. It was also signed by parliamentary speaker Igor Grosu and Prime Minister Natalia Gavrilita.

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PRESIDENT OF UKRAINE SIGNS APPLICATION FOR MEMBERSHIP IN EU

President of Ukraine Volodymyr Zelensky has signed an application for Ukraine’s membership in the European Union, Deputy Head of the President’s Office Andriy Sybiha said.

“President of Ukraine Zelensky has signed a historic document – an application for Ukraine’s membership in the European Union,” he said on Facebook.

A joint statement was signed with Chairman of the Verkhovna Rada Ruslan Stefanchuk and Prime Minister Denys Shmyhal.

“Documents are on their way to Brussels! Congratulations, Ukraine, congratulations to all of us! History is being made now!” Sybiha added.

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ESTONIAN PRESIDENT: UKRAINE WILL NEED 20 YEARS FOR FULL EU MEMBERSHIP

In order to become a full member of the European Union, Ukraine will have to work hard for 20 years, said Estonian President Kersti Kaljulaid.
In an interview with European Truth, the politician stated that neither Ukraine, nor Georgia, nor Moldova still meet the requirements for membership in the European Union.
“The EU has many conditions. And frankly speaking, none of these countries is ready to fulfill the EU criteria. So, it will be 20 years, maybe, to work before you get there. All these countries have problems with independent justice systems. Therefore, you don’t qualify for European membership,” Kaljulaid said, adding that some “intermediate cooperation format” could help these states on the way to European integration.
The Estonian President also noted that the EU should have been somewhat more courageous in expanding its borders, in particular, the Union could offer Kyiv, Tbilisi and Chisinau either a new format of work for countries that have ambitions to join the EU, or full membership, however it will take “a lot of time”.
In addition, answering a question about joining NATO, Kaljulaid noted that Ukraine would not be able to become a full member of the Alliance until it regains control of all the occupied territories.
“Estonia is a strong proponent of MAP and for Ukraine to work closely with NATO, but we don’t know exactly when we will arrive at this end. We need to wait for some time for the history to turn,” she stressed.
She also expressed hope for a peaceful solution to the issue of de-occupation of Ukrainian territory.

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EUROPEAN DIPLOMAT: UKRAINE HAS RIGHT TO REQUEST EU MEMBERSHIP, BUT REFORMS ON AGENDA NOW

The European Union (EU) is confident that Ukraine, as a European country, has the right to be a member of the community, but now the issue of reforms is on the agenda.
This is how a European diplomat commented on the prospects for Ukraine’s membership in the EU on Friday in Brussels. He said that what the EU has with Ukraine is the Association Agreement and the Deep and Comprehensive Free Trade Area, and what the EU is seriously investing in now is to make this agreement a success. It has huge potential for the economy, for the social development of Ukraine, he said.
At the same time, the European diplomat is confident that Ukraine is a European country, and as a European country it has the opportunity of joining the EU.
But this is not what is now on the agenda, he said. Now it is about the implementation of this agreement, it is about reforms, about what precedes accession, he said.

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