The EU report: Implementation of reforms continues to bring together the EU and Ukraine

the New President, the Parliament and the government of Ukraine has declared its commitment to the further implementation of the Association Agreement between the EU and Ukraine, noted in the European Commission. In published today, the EU report States that over the past year, Ukraine has adopted important legislation and strengthened institutions, as required by the citizens of Ukraine, but further work is needed, especially to improve the business and investment climate.

"Agreement on Association continues to bring together the European Union and Ukraine. With this agreement the European Union became the main trading partner of Ukraine, and since then, two years ago, the EU introduced a visa regime for citizens of Ukraine for Ukrainian citizens, they have committed more than three million visits," said Vice-President of the European Commission Josep Borrell, the. "All the more impressive for the fact that Ukraine holds such a significant and important reforms, while its independence, territorial integrity and sovereignty are in question. Ukraine can continue to count on the support of the EU."

the European Commission has noted the special importance in the field of fight against corruption started to work September 5 anti-corruption the Supreme court.

it stressed that until now no one senior Ukrainian official has been convicted for corruption. However, illicit enrichment was again criminalized, and laws about recycling the National Agency for prevention of corruption and protection of whistleblowers were adopted.

"the perpetrators of the fraud in PrivatBank, still not brought to justice, and the return of funds allegedly embezzled, remains unfinished," reads the report.

the European Commission has noted positive aspects in the energy market, but said that the implementation of the reform of the electricity sector remains challenging in the current oligopolistic structure of the market.

the Commission stressed that the EU retained its position as the main export market of Ukraine while the country's economy continued to grow, and its finances and the banking sector stabilized.

However, the report stresses the need to improve the business climate and promoting investment, in particular by ensuring the rule of law and support for the fight against corruption, if you want to raise the standard of living.

Economic and sectoral reforms have led to significant achievements, such as the budget law, custom, market deregulation, public procurement and health care, although the latter has been slower. Reforms remained limited in the field of intellectual property rights.

From 2014, the EU together with European financial institutions has mobilized unprecedented support package in the amount of more than € 15 billion in grants and loans to support reforms in Ukraine.

the Association Agreement between the EU and Ukraine, including deep and comprehensive free trade area, entered into force on 1 September 2017. It contributes to deepening political relations, strengthening economic ties and respect for common values, and is also the basis for cooperation between the EU and Ukraine, and EU support reforms in Ukraine.

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