Business news from Ukraine

Business news from Ukraine

Shmyhal says Ukraine seeks to start EU accession talks no later than June

Prime Minister of Ukraine Denys Shmyhal said that Ukraine seeks to start negotiations on joining the European Union as soon as possible – no later than June this year, the Communications Department of the Secretariat of the Cabinet of Ministers of Ukraine reported on Friday.

“We expect the EU to approve the negotiation framework for us without delay. We see no objective obstacles that could prevent this. We are actively supported by all European countries,” Shmyhal said at the panel “European Integration of Ukraine, its Regions and Territorial Communities” at the forum “Life of Regions in War.”

He added that Ukraine has reliable partners in the EU who are ready to help and share their experience for the successful completion of the negotiation process.

The Prime Minister noted that Ukraine has done all the homework to start negotiations on joining the EU. “The European Commission has confirmed that Ukraine has fulfilled all the conditions. We have demonstrated well-coordinated work. Today, the President announced a proposal to develop an infrastructure for European integration. This should include representatives from the government to communities who will work with European funds,” Shmyhal said.

He added that the Ukrainian government, for its part, is ready to help communities attract as much money as possible from the EU. At the same time, the main problem remains the ability of communities to prepare and present relevant projects. “This should be a priority for communities. Because this year we have access to European funds. Ukraine has moved from candidate status to negotiator status. And this gives us additional opportunities,” Shmyhal said.

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Prime Minister of Ukraine says it is planned to reduce number of ministries by one third

Prime Minister of Ukraine Denys Shmyhal said that as part of the government reform, it is planned to reduce the number of ministries by one third.

“We are working on changing the format of the government. In particular, we are reducing the number of ministries. We want to cut the number of ministries by one third, reduce the number of civil servants,” Shmyhal said at a press conference in Kyiv on Monday.

The prime minister also noted that the government is working to create a strong government center, where auxiliary and administrative functions will be concentrated.

“The ministries should have a small number of very good specialists who will formulate public policy, and the Government Center will provide legal support in the personnel, accounting and financial spheres, and the Government Center should quickly prepare documents for a particular ministry,” he added.

As reported, Cabinet of Ministers Minister Oleh Nemchinov has suggested that the Government Center could be launched by 2025.

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Ukrainian PM: France, Germany and UK to provide extra $5 bln for Ukraine

Prime Minister of Ukraine Denys Shmyhal, following the results of the Spring Meetings in Washington (the United States), announced that Ukraine would receive additional support of more than $5 billion from France, Germany, and the UK.

“Following the results of negotiations with the finance ministers of the G7 countries at the Spring Meetings, we received assurances of additional support of more than $5 billion for Ukraine. In particular, we agreed on additional support packages with France, Germany, and the UK,” Shmyhal told reporters at a briefing in Washington.

According to him, Switzerland will also provide Ukraine with CHF 1.8 billion over the next six years. And Denmark, in turn, creates a special fund and plans to fill it with EUR 1 billion.

In addition, Spain, Ireland, Japan, Lithuania, Latvia, Iceland, and the Netherlands will provide additional support to Ukraine.

“All this will help win and ensure the resilience of our economy,” the Ukrainian prime minister said.

As reported, Shmyhal met with the finance ministers of the UK, Germany, and France on the sidelines of the Spring Meetings in Washington. At the meeting, the head of government raised issues of financial support for Ukraine and interaction within the Multi-agency Donor Coordination Platform.

Germany will provide more than EUR 3 billion in additional funding this year and more than EUR 5 billion in long-term defense support.

France also plans to provide EUR 2 billion as part of long-term financing.

 

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