Groisman explained how Ukraine will spend 600 million euros from the EU

Macro-financial assistance in the amount of 600 million euros that can be provided to Ukraine in the coming weeks by the decision of the European Commission (EC) will be sent to the budget and will have a further positive effect on the economy. This was stated by Prime Minister of Ukraine Volodymyr Groysman during the meeting with the President of the EC Jean-Claude Juncker.

“We discussed the current situation in Ukraine, I informed the President of the European Commission that we managed in the second half of 2016 to ensure macroeconomic stabilization. In 2017 we see and projected economic growth, the positive signals of development of economy”, – said Groisman.

According to him, Ukraine’s cooperation with the EU is of strategic nature.

“Ukraine really overcome difficult path of changes, and most importantly, our citizens felt that these changes positively affect their quality of life. In this context, the decision taken today on the allocation of Ukraine in the coming weeks macro-financial assistance in the amount of 600 million euros, which is around 18 billion UAH is a very tangible support in such difficult conditions,” he added.

We will remind, according to Juncker, in the coming weeks, Kyiv will receive from the EU EUR 600 million is the second tranche of macro-financial assistance from the European Union.

“Ukraine in the last 2-3 years made many reforms. We understand that this is a huge change compared to the 20-year-old situation. We know that moving a bill to the wood. And I think that is enough to allocate 600 million euros, as expected by the Ukrainians,” – said Juncker.