OREANDA-NEWS. March 17, 2014. The Government of Ukraine has assumed a liability to stabilize the financial economic situation in the country, hence the leaders of the country are doing everything possible to achieve this goal.

The Prime Minister of Ukraine Arsenii Yatseniuk is on a working visit at the United States of America, the Minister of Economic Development and trade Pavlo Sheremeta was considering the state of Ukrainian economy at the Extraordinary Economic Summit of Ukraine, the First Deputy Minister Anatolii Maksiuta was visiting Luxembourg in order to coordinate further steps for the development of cooperation with the European Investment Bank (EIB).

During the first meeting of the newly created EIB Eastern Partnership Committee it was stressed throughout the recent 5 years Ukraine and the Bank had enlarged the portfolio of the projects fourfold. It concerns energy, transport and municipal infrastructure. For instance, nowadays the state sector is engaged in realization of 6 investment projects to the tune of Eur 1.14 bln, another 7 projects to the tune of Eur 846.18 mln are being realized in the private sector.

“The European Union has aired the intentions to provide the financial aid in the amount of Eur 11 billion to Ukraine during the following years, the EIB could allot Eur 3 billion out of this sum. We are working with the Bank to fill the project portfolio of the European Investment Bank in Ukraine with new projects in the current and following years,” Anatolii Maksiuta said.

Moreover, he informed Ukraine was planning to hold negotiations and sign with the EIB deals for 4-5 projects at the least in transport area, gas transporting system upgrade and building of hydro-accumulating power plants, in terms of improvement of heating and water supplies in the towns of Ukraine.

“We have resumed cooperation with the IMF, the EU and other donors that announced the support of Ukrainian Government in order to carry out reforms, stabilize the economy and restore the growth of it. We need significant investment resources for modernization of the economy. We hope the new tools of support rendered by the Bank and fast introduction of joint investment projects would help us to stabilize the economy and revive the economic growth,” the First Deputy Minister of Economic Development and Trade summed up.