Russian myths and reality

The last round on trilateral talks between the EU, Ukraine and Russia on EU-Ukraine Deep and Comprehensive Free Trade Area took place on December, 21, 2015. The consultations ended without result. The EU declares that it remains committed and open to achieving practical solutions to Russia’s concerns on the implementation of the EU-Ukraine DCFTA. In order to explain better the situation, European Commission published a document on some myths produced by Russian Federation and what is in reality. Read more

Free trade with the EU: what will it change on Ukrainian market?

Provisional application of the free trade area provisions between Ukraine and the EU kicks off on January 1, 2016. Remember that Ukrainian manufacturers were eligible to export their products to the EU market under the DCFTA within the EU autonomous trade preferences since April 2014. This means that the EU has unilaterally opened its market for Ukraine already last year. Since January, however, Ukraine starts opening its market too.Earlier opinions were expressed that Ukrainian businesses would lose because of competition with European goods and manufacturers. On the other hand, opening of Ukrainian markets under the DCFTA could bring benefit to the consumers as competition and supply increase lead to lowering prices. Read more

Audit system to be harmonised with EU standards

With the signing and provisional application of the Association Agreement, Ukraine’s path to European integration will be made up of supposedly small steps that will bring the country closer to the EU in various spheres. In January, the Verkhovna Rada is expected to adopt a new law on audit activity in line with EU norms. Currently, Ukraine’s audit sphere functions according to norms established back in the early 1990s.

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«Іmproved public procurement regulations in Ukraine can reduce corruption»

State aid and public procurement system reform is extremely important for Ukraine, particularly for the successful implementation of the Association Agreement with the European Union and other commitments in the context of European integration. We talked with the team-leader of the EU funded project, “Harmonisation of the procurement system in Ukraine with EU standards,” Eugene Stewart, about the current situation. Read more

Unless Ukraine Changes its Business Culture, the Association Agreement won’t Help Exports

Today the EU is Ukraine’s largest trading partner, taking in 35% of Ukrainian exports. However, the major export items include grain, metal, and other goods that are produced by big businesses and that are vulnerable to price fluctuations on world markets. The entry of Small and Medium-sized Enterprises (SMEs) to the EU market is an important issue. We spoke about this with Oleg Miroshnychenko, the author of the book, “The Internationalisation of Business and Access to EU Markets,” recently published with the assistance of the EU Delegation to Ukraine. Read more