Ukraine has chosen the right path of development, and the progress of reforms deserves increased attention. This was announced by President of the European Bank for Reconstruction and Development Sir Suma Chakrabarti during a meeting with Prime Minister of Ukraine Volodymyr Groysman.

The EBRD President noted that Ukraine's return to economic growth is a very good sign. "I think this is rather good news. Much more needs to be done and a long way towards recovering to pass, but Ukraine is advancing (along the path of reforms)", said Sir Suma Chakrabarti. He stressed that the EBRD is the largest single investor in Ukraine, and the EBRD's management expects the successful implementation of a number of joint projects already launched - in the private sector, in the gas sector, in the area of municipal and railway transport, as well as in the area of reforming large state-owned companies. "We believe in Ukraine as one of our largest markets. This is a powerful signal for other investors", stressed Sir Suma Chakrabarti.

In turn, the Prime Minister of Ukraine emphasized that cooperation between the Government's and the EBRD is very active. The recent meeting took place in July this year during a major economic forum on Ukraine held in London. And the intensity of the negotiations indicates a genuine interest to Ukraine. Therefore, the Government stands ready to use this window of opportunity to prolong the implementation of joint projects and vital reforms.

"We are committed to enhance cooperation and increase the volumes and quantity of projects being implemented in Ukraine", said Volodymyr Groysman.

The Head of Government highlighted the priority reforms pursued by the Government - in judicial, pension, medical, education sectors and public property management. Volodymyr Groysman stressed that next week the Verkhovna Rada would consider packages of bills on judicial reform and transformations in the pension system. It is also expedient and timely to bring for consideration the draft law on privatization devised in synergy with the EBRD team. The document contains qualitatively new approaches to the sale of state assets and the principles of protecting investors’ rights.

"It is not easy matter, but in these areas we can succeed", said Volodymyr Groysman. Also, tomorrow, September 15, we will submit to the Parliament a draft state budget for 2018. And this is the second time when the Government introduces a draft budget in strict observance of the deadlines set by the legislation."