The European Union has outlined a list of reforms required to provide Ukraine with the first tranche of a new loan programme. This was reported by Suspilne with reference to a representative of the European Commission.
What reforms are required by the EU
Ukraine needs to implement several tax and institutional changes to get first tranche under the EU's €90 billion loan programme. These include the introduction of VAT on low-value imported parcels, taxation of digital platforms, and the extension of the military income tax.
Legislative and administrative steps
The list of requirements also includes the adoption of legislation on the development of sectoral investment strategies and the approval of the Public Finance Management Strategy. In addition, the EU expects the Customs Code of Ukraine to be updated and submitted to the Cabinet of Ministers.
Personnel issues
The conditions include the appointment of a permanent manager State Customs Service. According to the information Public, This should ensure the stability and efficiency of the agency's work.
Why it matters
The implementation of these reforms will open Ukraine's access to significant financial support from the EU, which is essential for stabilising the economy and further integration into European structures.
