EU, Kyiv sign regional reform deal

05.12.2014 |

European Commissioner for European Neighborhood Policy and Enlargement Negotiations Johannes Hahn and Acting Minister of Economic Development of Ukraine Valeriy Pyatnytskiy signed an agreement on the new program Support for Regional Policy of Ukraine to the amount of EUR 55 mn, according to the press service of the European Commission. Hahn says with this agreement the EU will support decentralization and reform of regional policy in Ukraine.

The funds will contribute to implementation of the three objectives of the Ukrainian State Regional Development Strategy until 2020 in particular, increase of competitiveness of regions, territorial social and economic integration and efficient governance in regional development, said Hahn. The funds will be transferred to the Ukrainian budget in 4 stages from 2015 to 2018.

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