The next fifth Ukraine Reform Conference will be held on July 4-5, 2022 in Lugano, the capital of the Swiss canton of Ticino, Head of the Federal Department of Foreign Affairs of the Swiss Confederation Ignazio Cassis has said.
This will be the fifth conference, we want to celebrate the achievements and look back, as well as make it inclusive: it is important to involve regional authorities, the private sector, and Ukrainian citizens, he said at the end of the fourth conference in Vilnius on Thursday.
The Foreign Minister said that Switzerland is glad to see that the international community, together with Ukraine, also wants to strategically support Ukraine’s search for its own path to a peaceful and stable future.
Cassis said that the official preparations for the conference will begin with his visit to Kyiv in October this year.
Following the fourth Ukraine Reform Conference, Minister of Foreign Affairs of Ukraine Dmytro Kuleba told reporters that attention to Ukraine is not decreasing. According to him, there are already applications from two countries to hold the conference in 2023 and from one in 2024.
He said that another important result was the recognition of the fact that Ukraine went through the crisis associated with the COVID-19 pandemic better than expected by international experts, and this is due to the reforms carried out by the country.
Speaking about the main plans for the next year, the Ukrainian Foreign Minister named the already begun judicial reform, which international partners are ready to help with.
As previously noted by the Ukrainian government, Ukraine Reform Conference is a key annual international event dedicated to expert discussion of progress with Ukrainian reforms. Initiated by the government in 2017, this conference is a platform that brings together Ukrainian and foreign officials, top business owners, EU, NATO, G7, and civil society representatives to draw an annual summary of reforms in Ukraine and discuss further priority steps and prospects.
Key goals of Ukraine Reforms Conference include presenting results of key reforms internationally; setting out the Government’s prioritized objectives for the year ahead; encouraging investment in the Ukrainian economy; and engaging the international community in Ukrainian reforms.
The first such conference was held in London, then in 2018 in Copenhagen and in 2019 in Toronto, and last year there was a break due to the pandemic.
U.S. Chargé d’Affaires Kristina Kvien during an online meeting with Acting Energy Minister Yuriy Vitrenko confirmed the U.S. intentions to help reform the energy sector in Ukraine, the U.S. Embassy in Ukraine said.
“Constructive meeting with acting Minister of Energy Vitrenko yesterday, where CDA Kvien reaffirmed the U.S. commitment to helping Ukraine succeed in transforming and modernizing its energy sector,” the embassy said on Facebook on Wednesday.
As reported, at the end of December 2020, acting Energy Minister Yuriy Vitrenko met with Head of the International Monetary Fund (IMF) mission Ivanna Vladkova-Hollar. The key issues of the meeting were reforms in the energy sector, financial stability of energy markets and further development of energy industries.
According to government sources, the mission’s interest in the energy sector is caused by the sharp increase in the energy market deficit in recent years, which is proposed to be covered, in particular, by the budget or government guarantees.
The reform of the National Police of Ukraine is considered successful by 13.9% of National Police officers and 32% of patrol officers, according to the study “National Monitoring of Unlawful Police Violence in 2020” conducted by Kharkiv Institute for Social Research.
According to the results of the survey, 58.5% of police employees and 37.6% of patrol police consider transformations in the National Police unsuccessful. The option “the reform is not finished yet” was chosen by 26% and 28.8% of the respondents, respectively. 1.6% of the polled police and patrol officers believe that changes in the structure have not yet begun.
The survey of employees of the National Police of Ukraine was carried out using the methods of group questionnaires and surveys using an online form. The sample can be considered representative of the employees of the National Police of Ukraine as a whole. The statistical error with a probability of 0.95 does not exceed 3.0% for data close to 50%, 2.6% – for data close to 25% or 75%, and 1.8% – for data close to 10% or 90%.
This publication has been funded by the European Union.
Factoring reform has the potential to address the market gap in receivables finance in Ukraine, currently estimated at between EUR 1.5 billion and EUR 3.4 billion, and developing the factoring sector will help expand access to finance for businesses and save jobs, Head of the Trade Facilitation Programme of the European Bank for Reconstruction and Development (EBRD) Rudolf Putz said during a webinar held jointly by the EBRD and the National Bank of Ukraine (NBU) on Tuesday.
According to the EBRD, in Ukraine, receivables finance represents only 0.1% of the country’s GDP, compared to 8% of output in neighboring Poland, where the factoring market remains the fastest-growing financial sector, worth EUR 66.1 billion and serving more than 18,000 businesses.
“The demand from smaller businesses, which typically find it difficult to secure bank loans, will grow exponentially as the COVID-19 pandemic shows no signs of slowing down,” Putz said.
The EBRD said that the webinar brought together more than 100 trade professionals, bankers and international experts. The two-day virtual event called for sound policy and a good regulatory framework to enable the healthy development of factoring, to expand access to finance for small and medium-sized enterprises (SMEs) and to strengthen their financial resilience.
The event was delivered by the factoring working group at the National Banking Association of Ukraine in cooperation with FCI, the largest global representative body for factoring and financing of open-account domestic and international trade receivables.
According to the report, drawing on the experience of Greece, Poland, Turkey, the United Kingdom and the United States of America, the working group and the National Bank of Ukraine agreed the next steps in reforming the sector.
These include the separation of factoring from debt collection; business education and marketing of factoring; the promotion of paperless and automated document flows; the protection of creditors’ rights; the rethinking of factoring-related risk assessment; the establishment of a factoring risk insurance framework; and improved legislative regulation.
FCI expressed a strong view that Ukraine needs to develop an effective regulatory policy governing the factoring business and to adopt a factoring law.
The EBRD is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment of almost EUR 15 billion through 466 projects in the country.
The EBRD launched two Solidarity Packages in response to the COVID-19 crisis and now expects to dedicate its total business investment of up to EUR 21 billion in 2020-21 to overcoming the economic impact of the crisis.
The World Bank has expressed its strong support to land reform in Ukraine and praised its necessity to all market participants.
“The World Bank strongly endorses the plans of Ukrainian leadership to open the agricultural land market. Land reform is needed for Ukrainian farmers to buy and sell agricultural land, access credit, invest and diversify, as well as land owners to get proper return for their most valuable asset,” the World Bank said in its statement posted on Facebook on November 9.
The statement reads that all farmers, including small, medium and large, and landowners will benefit from the opening of the land market.
“It raises economic growth as well as living standards of all Ukrainian people by unleashing the country’s agricultural potential. The planned reform also includes measures to limit land concentration, stop raider attacks and provide financial assistance for small farmers. Two decades of a closed market and non-transparency that fosters corruption are enough: the time for land reform is now,” the World Bank said.
Permanent Representative of Ukraine to the European Union Mykola Tochytsky has discussed at a meeting with Special Envoy of the Ministry of Foreign Affairs of Lithuania Ričardas Degutis the organizational aspects of the preparation of the International Ukraine Reform Conference, as well as current issues of Ukraine-EU cooperation.
“On October 10, Ukraine’s representative to the EU Mykola Tochytsky met with Special Envoy of the Ministry of Foreign Affairs of Lithuania Ričardas Degutis, who is preparing the International Ukraine Reform Conference, which is scheduled to be held in Vilnius in 2020,” the press service of the Ukrainian mission in the European Union said.
Degutis emphasized the priority of the Conference, which is considered in Vilnius as part of the overall strategy to support the reform process in Ukraine.
In turn, Tochytsky thanked Degutis for the consistent support of Lithuania to Ukraine both at the bilateral level and within the EU, especially in the context of confronting Russian aggression and introducing systemic reforms in the state.
