OREANDA-NEWS. April 20, 2015. Presently the Cabinet of Ministers of Ukraine has adopted 119 implementation plans to harmonize national laws with 167 acts of the EU law. This was announced by Advisor to the Prime Minister of Ukraine Danylo Lubkivsky at a briefing on Friday, April 17.

According to the Advisor to the Prime Minister, at its recent meeting the Government of Ukraine approved a number of implementation of EU laws, inter alia in accounting and audit.

The Government of Ukraine announces execution of the laws will facilitate introduction of simplified financial reporting and reduction of regulatory control for small-sized enterprises. Instead, requirements on disclosure of information for large enterprises and public companies will be strengthened.

The Ukrainian Government has endorsed 119 implementation plans to harmonize national laws with 167 acts of the EU law. Overall amount of acts to be implemented by Ukraine through 2014-2017 within the framework of the Association Agreement with the EU is 180.

"Hence, the speed of adoption the implementation plans is sufficient”, stressed Danylo Lubkivsky. “The plans are never endorsed to remain just on paper, but to be introduced in life, so the Government will review implementation of these plans."