
The European Commission Wednesday proposed new macro-financial assistance to Ukraine of up to 1 billion euro in medium-term loans.Presenting the proposal at a press conference, EU Commissioner for Economic and Monetary Affairs, Olli Rehn, said "it is in the essential interest of Ukraine and of the EU to maintain peace and political and financial stability in our continent." "This financial aid will help in stabilising the worsening financial situation in Ukraine and therefore will be one vital part of achieving a solution to the crisis," he said.The assistance is conditional on fighting corruption and better financial planning and economics reforms in Ukraine.The proposed new 1 billion euro programme would be implemented in parallel with the existing programme of 610 million euro, which has been available for Ukraine since 2010 but has not yet been released.The new financing programme is expected to be approved by the EU's Council of Ministers in the coming weeks.He reiterated that the EU does not recognize the "illegal and illegitimate" referendum in Crimea and will not recognize the annexation of Crimea by Russia.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor