Business news from Ukraine


23 August , 2021  

Prime Minister Denys Shmyhal believes that Ukraine has fulfilled the conditions necessary for the disbursement of the second tranche of macro-financial assistance from the European Union, the press service of the Cabinet of Ministers said on Sunday.
“Indeed, an important step in supporting us will be the allocation of the second tranche of macro-financial assistance before the completion of the current program in September this year. Ukraine has met all the conditions for receiving it,” Prime Minister of Ukraine Denys Shmyhal said during a meeting with Executive Vice President of the European Commission Valdis Dombrovskis.
According to the Prime Minister, Ukraine has increased the transparency and efficiency of medical procurement, continued pursuing the reform of tax and customs services, and resumed the competitive procedure for selection for civil service positions.
Shmyhal also noted that the government has taken important steps to improve the anti-corruption infrastructure. Also, the Bureau of Economic Security was created, the functioning of the natural gas market was improved, and the reform of the corporate governance system of state-owned enterprises continues.
For his part, the Executive Vice President of the European Commission noted that the European Union has mobilized unprecedented financial and technical assistance for Ukraine. And the provision of the first tranche of macro-financial assistance in the amount of EUR 600 million in 2020 had been a sign of solidarity between the EU and Ukraine.
“Ukraine has made significant efforts towards implementation of the EU macro-financial assistance conditions and based on the preliminary analysis we can consider conditions as broadly met,” Valdis Dombrovskis said.
In addition, the Prime Minister noted that Ukraine had ensured the implementation of structural “beacons” and within the framework of joint stand-by arrangement with the IMF, which are necessary for the first revision of the program.