Business news from Ukraine

GERMAN AMBASSADOR TO UKRAINE ANKA FELDHUSEN: UKRAINE CAN EASILY COPE WITH EU REFORM DEMANDS

Ukraine can easily cope with EU demands for reforms, said German Ambassador to Ukraine Anka Feldhusen.
“I think that Ukraine can easily cope with them, because these are really demands that have already been in place for many years. There is already progress. Perhaps not the progress that Ukrainians themselves would like, especially in the field of judicial reform … We, your partners, especially the G7, are constantly in contact with the Ukrainian government regarding these issues,” Feldhusen said at a briefing at the Ukraine media center on Monday.
The diplomat stressed that for her the most important issue has always been judicial reform in Ukraine.
“We have successfully implemented the decentralization reform. I think that this is really a success story. But the judicial reform is the second reform that will really change the country. All the years that I have been working in Ukraine, I have watched the steps that have been taken, I I will continue to do so,” she said.
Feldhusen pointed out that judicial reform “has never been easy.”
“But if there is political will, a lot can be done there,” she said.
As reported, the European Commission recommended that the European Council grant Ukraine the status of a candidate member of the European Union with the subsequent implementation of the necessary steps. European Commission President Ursula von der Leyen indicated that this meant the country would pursue a number of further important reforms.

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GERMAN AMBASSADOR: INTERNATIONAL COMPANIES PARTICIPATION IN UKRAINE’S GTS WILL INCREASE ITS COMPETITIVENESS

The participation of international companies in the management of Ukraine’s gas transportation system (GTS) can improve its competitiveness, German Ambassador to Ukraine Ernst Reichel has stated. “Specifically, on the gas transmission system, we do believe that the participation and investment of foreign companies could play a big, positive role in order to make the gas transmission system more competitive. We are entering a phase where it is likely that there will be more competition for the Ukrainian gas transmission system, and so it needs initiatives to make it more viable and cost effective. International investment and participation in the management can play a major role. Also the European Commission is making proposals in this direction,” he said in a joint interview with French Ambassador Isabelle Dumont to Interfax-Ukraine.
Dumont, in turn, noted that the compulsory conditions for significant investments on the part of European companies in Ukraine’s GTS are clear and transparent working conditions and a favorable business climate.
“In principle, everything is possible. What will make them go or not go will be confidence in Ukrainian institutions, confidence in the business climate, confidence in any privatization offered, transparency and the understanding of what is on the table,” she said.

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