Ukraine Issues Stark Warning: Third World War if Russia Prevails!
Ukraine's Prime Minister, Denys Shmyhal, issued a stark warning, stating that a third world war would erupt if Russia emerged victorious in the ongoing conflict
The European Commission said on Thursday it is ready to extend new aid to Ukraine of up to EUR 1.8B to help the country cope with a deep recession.
With the conflict in eastern Ukraine having taken a heavy toll on the economy, the new aid package - the third such programme for the country since 2010 - “is intended to assist Ukraine economically and financially,” the Commission said in a statement.
The proposed new macro-financial assistance (MFA) programme, in the form of medium-term loans, is also intended “to help the new reform-orientated government strengthen the country and deal with economic and political challenges.”
The new aid, which is to be approved by the European Parliament and the EU Council, will be tied to the implementation of certain reforms by the government in Kiev.
”A prerequisite for disbursement will be the successful continuation of Ukraine's current IMF programme and the implementation of economic and financial policies in particular that the Commission and the government of Ukraine will agree on in a memorandum of understanding,” the statement read.
These policies should include further fiscal consolidation, continuation of the comprehensive reforms in the energy and banking sectors, as well as improving overall macroeconomic management.
Ukraine will also have to pursue judicial reform and step up the fight against corruption in order to improve conditions for doing business and achieve sustainable growth, the Commission said.
Subject to its approval by the European Parliament and the EU Council, the proposed new MFA programme can be implemented in the course of this year, and in early 2016.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
European leaders have reaffirmed their unwavering commitment to Ukraine, pledging urgent assistance to bolster the nation's defense capabilities
In a recent release of the Authoritarian Populism Index 2024, Bulgaria emerges as a focal point for understanding the intricate interplay of political ideologies shaping Europe's landscape
Eurostat's latest report revealed a slowdown in annual inflation across the European Union, with the figure dropping to 2.6% in March 2024 from 2.8% the previous month
Bulgaria finds itself at the bottom of the list in terms of citizens who believe in the benefits of EU membership, according to the latest Eurobarometer survey results
A scheduled conference of far-right European politicians, including Hungarian Prime Minister Viktor Orbán and former British MEP Nigel Farage, was abruptly halted by police in Brussels
EU Home Affairs Commissioner Ylva Johansson praised the revised Schengen legislation and hailed the forthcoming accession of Bulgaria and Romania to Schengen as significant progress
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022