Press Release: EU further supports Ukraine’s reform agenda and its economic recovery

On 18 June 2015 European Neighbourhood Policy and Enlargement Negotiations Commissioner, Johannes Hahn, signed a financing agreement worth €55 million for the EU Support to Ukraine to Re-launch the Economy (EU SURE) programme.

On the same day the Ukranian Parliament also ratified the 'Memorandum of Understanding' for the third macro-financial assistance package from the European Union, amounting to €1.8 billion.

The Financing Agreement that was signed is part of the first 2015 Special Measure for Private sector Development and Approximation which was approved by the European Commission on 23 April. It is also part of a wider coordinated effort to improve access to finance for SMEs in Georgia, the Republic of Moldobva and Ukraine via the the DCFTA Facility for Small and Medium Enterprises, which was launched in May at the Eastern Partnership Summit in Riga.

• Primary Source

ESO: Background information: EU and Ukraine sign Memorandum of Understanding for €1.8 billion in financial assistance http://www.europeansources.info/record/eu-and-ukraine-sign-memorandum-of-understanding-for-third-macro-financial-assistance-programme/

ESO: Background information: EU to unlock €2 billion worth of investment for small businesses in Georgia, Moldova and Ukraine http://www.europeansources.info/record/press-release-eu-to-unlock-e2-billion-worth-of-investment-for-small-businesses-in-georgia-moldova-and-ukraine/

ESO: Background information: IMF lowers Ukraine's 2015 growth projection to minus nine percent http://www.europeansources.info/record/imf-lowers-ukraines-2015-growth-projection-to-minus-nine-percent/

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