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Tuesday, March 31, 2020

Ukrainian finance minister meets with EU delegation

Ukrainian Minister of Finance Yuriy Kolobov met on Oct. 10 with a delegation from the European Union headed by the Director for the European Neighborhood Region Michael Koehler.

Kolobov said that Ukraine is interested in expanding business ties with the EU and is ready for a partnership in such strategic areas as public finance management implementation of budgetary policy based on European standards.

Kolobov said that the government accepted the order of the Cabinet of Ministers of Ukraine on "strategic management of public finances" on Aug. 1. He added that Ukraine is committed to intensifying its cooperation with the European Commission on budgetary support for three new programs in the areas of trade, the environment and regional development.

Negotiations resulted in an agreement to cooperate on implementing European practices for the sustainable development of the Ukraine economy.