Ukraine is counting on the support of the European Union during the implementation of the Association Agreement, First Vice Premier of Ukraine Serhiy Arbuzov has said.
"We realize that there is a huge volume of the work that has to be done, and count on the support of the EU: both in the frames of technical aid programs and in financial assistance programs for the development of particular economic branches," he said during the meeting with EU Trade Commissioner Karel De Gucht in Brussels on Thursday, the Mission of Ukraine to the European Union reported. As Arbuzov said, the signing of the Association Agreement with the EU will be "a catalyst for the further holding of large-scale reforms, the reinforcement of democratic development and the supremacy of law." "Ukraine is undertaking an unprecedented volume of the duties, and we're actively preparing for their implementation," the first vice premier said. He also said that Ukrainian Prime Minister Mykola Azarov had signed the Strategy for the development of system for state finances management. According to Arbuzov, this document "connects the EU with Ukraine in further cooperation in the financial sector." Moreover, the Ukrainian official expressed a hope for receiving in future next tranches under programs on sector budget support. "Under the conditions of a slowdown in the tempo of the development of the world economy, the government is searching of internal stimuli to revive Ukraine's economy. Systematic work on the liberalization of tax and customs systems is being done, as well as on the deregulation of business, increasing energy efficiency, and overcoming energy dependence. We're counting on the development of small- and middle-sized business, which, as we well know, accounts on average for up to 80% of GDP in Western European countries," he said.