The Cabinet of Ministers of Ukraine has amended the Action Plan on Implementation of the Association Agreement between Ukraine and the EU, the press service of the Ukrainian government reported. “The Cabinet of Ministers of Ukraine adopted a resolution amending the Action Plan on Implementation of the Association Agreement between Ukraine and the EU. The updated plan takes into account the deepening of the Ukraine-EU bilateral relations and a series of decisions adopted by the bilateral bodies of the Association Agreement in recent years,” reads the statement.
The amended document actualizes, aligns and streamlines the objectives with the dynamically evolving EU legislation. The updated tasks are related to customs and financial policy; taxation, entrepreneurship, financial services and competition; justice, social and humanitarian issues; transport; energy economy and energy efficiency; digital sphere, science, technology and innovation; nature management and others.
It is expected that the government’s decision will accelerate Ukraine’s advancement towards the EU and make this process more transparent.
Ambassador of the European Union (EU) to Ukraine Matti Maasikas is satisfied with the pace of improvement of the business climate in the country.
The new government and the new president have taken an obligation to improve business climate, he said at the Kyiv International Economic Forum on Friday, adding that there is significant progress in the legislative process seen in the parliament if to speak about the improvement of business environment and fight against corruption.
Maasikas called the achievement of the rule of law, the fight against corruption among the main problems that Ukraine should solve. At the same time, he said that he sees positive trends in this direction.
The dynamics are positive if we talk about the law on illegal enrichment, the ambassador said. In addition, there are other examples – the fight against money laundering, he added.
Private joint-stock company Farmak, a pharmaceutical company from Kyiv, is mulling a possibility of exporting own substances to the countries of the European Union (EU), Farmak Chief Operating Officer Pavlo Pavlyk has said.
“There are a number of projects with European companies. There are a number of orders. We are now looking at innovative substances in order to develop and produce them for the EU countries,” he told reporters on Monday.
Pavlyk also said that in May-June 2020, Farmak expects an FDA inspection, which will allow the company to supply drugs to the U.S. market.
Farmak is one of the three leaders of the pharmaceutical industry of Ukraine. It is a member of the Association Manufacturers of Medications of Ukraine (AMMU). The company’s beneficiary is head of the supervisory board Filia Zhebrovska.
Ukraine, the European Commission and the Russian Federation held technical consultations in Brussels on Tuesday to prepare for the next round of trilateral talks on gas transit after January 1, 2020.
NJSC Naftogaz Ukrainy said in a press release that during the consultations the parties discussed Ukraine’s progress in the implementation of the norms of the European legislation and the creation of independent gas transmission system operator.
In addition, the signing of an interconnection agreement between the operators of the gas transmission systems of Ukraine and the Russian Federation on standard European conditions was discussed, as well as the methodology of tariff formation for gas transportation, and other issues.
The next round of trilateral gas transit negotiations is expected to take place on October 28.
Raiffeisen Bank Aval, ProCredit Bank and OTP Bank (all based in Kyiv) have signed a credit line agreement with the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) for the total amount of up to EUR 70 million in hryvnia equivalent under the SME (small and medium-sized enterprises) Finance Facility of the EU4Business initiative.
An Interfax-Ukraine correspondent has reported that the signing ceremony took place at the EBRD office on Tuesday.
In particular, Raiffeisen Bank Aval will receive a credit line with the limit of EUR 25 million in hryvnia equivalent, ProCredit Bank – EUR 20 million in hryvnia equivalent, and OTP Bank – EUR 25 million in hryvnia equivalent.
The total limit of the facility is EUR 120 million in hryvnia equivalent.
Vice-President for Energy Union Maroš Šefčovič has said that underground storage filling levels in the European Union (EU) and Ukraine are good.
“A few words on preparations ahead of this winter. I am glad to say that EU underground storage filling levels are very good – currently standing at 96% of full capacity,” Šefčovič said at a press conference in Brussels after the EU-Ukraine-Russia trilateral gas talks.
“Ukraine’s underground storage filling levels are also good – currently at around 19.6 billion cubic meters, almost 4 billion cubic meters above levels in September last year,” he said.