Business news from Ukraine

EU SEEKS TO PROVIDE ADDITIONAL EUR 20 MLN TO UKRAINE FOR INFRASTRUCTURE DEVELOPMENT

24 May , 2016  

KYIV. May 24 (Interfax-Ukraine) – The European Union intends by the end of this year to provide EUR 20 million for development of infrastructure projects.

An Interfax-Ukraine correspondent has reported Head of the Delegation of the European Union to Ukraine, Ambassador Jan Tombinski gave the information at a briefing in Kyiv on Tuesday.

He added that some more issues are to be settled. Ukrainian Infrastructure Ministry is to present relevant documents that would enable the country to get the funds.

Acting Director of the European Investment Bank (EIB) representative office for Ukraine Guido Prudhomme said that the bank has approved a new grant for the infrastructure program and is completing the preparation of two important programs in urban transport and railway modernization. Relevant financial programs will be signed by the end of the year.

Asked about the terms of the introduction of the visa free regime for Ukraine, Tombinski said that as far as he knows foreign ministers are holding a meeting in Brussels on the issue.

“We are waiting for positive messages,” he said.