The European Commission announced last week plans to adopt a special support package worth $485 million that would help stabilize and develop Ukraine.
The conditional program requires reforms in fighting corruption, public administration, constitutional reform, electoral legislation and justice reform. The country will receive the first disbursements from the program after the government signs a financing agreement with the European Commission.
"The EU is not only closely watching events in Ukraine and expressing its readiness to support it, but is also delivering in deeds," stefan Fule, the commissioner for European neighborhood policy, said. "With today's assistance package we are encouraging and supporting the Ukrainian authorities to continue with reforms and in the process of inclusive national development. This package will also support the European Agenda for Reform, recently discussed with the Ukrainian authorities."
The two-part program will put money toward a state building contract and support to civil society.
- UniCredit sells non-performing mortgage loans
- European Investment Bank lends millions to AccessBank to finance small businesses
- First Ukrainian International Bank among most transparent financial institutions in region, study says
- VTB Bank named best trade-finance bank in Russia by magazine
- AtaBank, Central Bank of Azerbaijan Republic host financial literacy event
- Richard de Keijzer named managing director for ABN AMRO Commercial Finance in the UK
- Galt & Taggart named Best Investment Bank in Georgia by Global Finance magazine
- Armeconombank customers can repay loans via Idram, EasyPay terminals
- Kapital Bank joins American Bankers Association
- CEO of ACBA-Credit Agricole Bank receives Tigran Mets medal