Ukraine fulfills 2 more indicators under €50 billion Ukraine Facility program with EU
Photo: Ukraine has fulfilled two indicators under the program with the EU (Getty Images)
The Cabinet of Ministers has approved the Demographic Development Strategy until 2040 and signed the terms of reference for the development of an information system to support the functions of the National Energy and Utilities Regulatory Commission, according to the Ministry of Economy of Ukraine.
According to the Ministry, these are two indicators of the implementation of Ukraine's Plan for the implementation of the EU's Ukraine Facility initiative, which aims to improve the situation in the labor market and the living standards of Ukrainians, as well as to implement electricity market reform as part of Ukraine's integration into the EU energy market.
According to Ukraine's plan, the Ministry of Economy is the national coordinator of the Ukraine Facility. The Ministry is responsible for organizing and monitoring the implementation of the Plan and preparing quarterly reports to the European Commission.
Overall, this quarter, Ukraine had to fulfill nine indicators of the Plan, of which eight have already been successfully implemented. The last indicator is at the final stage of implementation, the ministry said.
Ukraine Facility program
In February 2024, the European Parliament approved the regulations of the Ukraine Facility program. The EU's €50 billion support program for Ukraine will run from 2024 to 2027. In June, Ukraine and the European Union signed a loan agreement under the Ukraine Facility.
Since the beginning of the year, the EU has provided Ukraine with more than €12 billion in budget support. By the end of the year, Ukraine plans to receive another EUR 4 billion from the EU under the Ukraine Facility.
