Parliament passes a number of bills important for international support mechanisms

The Verkhovna Rada has passed a number of bills important for meeting our international commitments under the Ukraine Facility, arrangements with the IMF and other international support mechanisms, Prime Minister of Ukraine Sergii Koretskyi reported.

In particular, the Rada adopted in full the bills that simplify VAT administration, improve banking procedures and introduce simplified bankruptcy procedures for small and micro businesses.

Two bills from the SEPA package, which are needed for Ukraine to join the Single Euro Payments Area, were also voted for in the first reading. This will make international transfers faster and cheaper for citizens and businesses in the future.

"These decisions open the way to receiving the next tranche of international financial assistance," the Head of Government said. "I am grateful to the Members of Parliament for supporting these initiatives."

Sergii Koretskyi stressed that the Government is working closely with Parliament. All ministers are involved in the work of relevant committees and parliamentary groups.