A new business partnership between the European Union and Ukraine has been launched in Brussels where the EU-Ukraine Business Summit took place from April 10 to 11.
European Commissioner for Enlargement Marta Kos and Prime Minister of Ukraine Denys Shmyhal announced about the EU-Ukraine Business Partnership through a Joint Statement.
"We reaffirmed our commitment to Ukraine's future in the European Union. To achieve this goal, we need to accelerate our joint efforts in support of Ukraine's accession to the EU, EU-aligned reconstruction, recovery and modernisation, as well as gradual economic integration into the EU Single Market," - they stated in the statement.
Titled "Strengthening the EU-Ukraine Business Partnership’, the Statement underscored the EU’s steadfast commitment to support Ukraine in the face of Russia’s war of aggression and to step up its political leadership at this critical time.
"Ukraine’s future lies in the EU. Through the Ukraine Investment Framework, we’re mobilising financing and unlocking opportunities for EU companies to invest in Ukraine’s recovery and reconstruction. Our resilience and determination are paving the way for sustainable growth and a stronger EU-Ukraine partnership," - Ukranian Prime Minister stated at the summit.
Both sides called the new partnership as "strategic initiative" that is aiming to deepen economic and investment ties between the EU and Ukraine. It will focuse on three key areas: advancing business environment reforms, mobilising large-scale investment, and promoting Ukraine as an attractive investment destination.
The EU and Ukraine also agreed to hold regular high-level meetings with the business community, strengthening of business partnerships, and addressing any obstacles to the EU-Ukraine business partnership. A first meeting will be held in the margins of the Ukraine Recovery Conference in Rome in July 2025.
Ukraine reaffirmed its commitment to implement key reforms aligned with its EU accession process, which are improving Ukraine's business climate and facilitating investments by EU companies in Ukraine as well as accelerating sectoral integration of Ukraine into the EU Single Market.
Global equities rose after mild inflation data strengthened expectations that the Federal Reserve will keep interest rates steady. Oil prices also edg...
Russian President Vladimir Putin has used Pacific Fleet drills to criticise Japan, NATO and possible Western moves against Russian commercial ships. H...
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13th of August, covering the latest developments....
Disruption in the Strait of Hormuz has increased the strategic importance of Bab al-Mandab, raising fears that instability in both waterways could trigger a wider global energy and trade crisis.
Iran and the United States remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, according to a senior Iranian source who said there had been no progress in talks to revive the interim deal agreed in June and define a timeframe to implement it.
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran seeks compensation and sanctions relief before reopening the Strait of Hormuz.
A criminal court in Damascus has sentenced former Syrian President Bashar al-Assad to death in absentia for premeditated murder, torture, arbitrary detention and crimes against humanity, according to Syria’s state news agency SANA.
Millions of people across Spain and Iceland are preparing on Wednesday to witness a rare total solar eclipse, when the moon will pass directly between Earth and the Sun, briefly turning daylight into darkness along a narrow path.
Norway’s $2.3 trillion sovereign wealth fund has revealed a 0.05 per cent stake in SpaceX worth $1.22 billion, marking its first reported holding in Elon Musk’s space company.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Rising trade across the Caspian Sea is strengthening Georgia’s role as a logistics hub and could help the country develop higher-value industries, according to the Asian Development Bank (ADB).
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
SK Hynix reported record quarterly profit on Wednesday, but its shares slumped 10 per cent after the South Korean chipmaker fell short of investor expectations built around the artificial intelligence (AI) boom.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment