Ukrainian Reforms Switched to Higher Gear

By Worldwide News Ukraine, PRNE
Thursday, January 27, 2011

KYIV, Ukraine, January 28, 2011 - "We still consider Ukraine a very important strategic partner
and are ready to continue the investment policy at a high level," said Thomas
, EBRD President during his meeting with Viktor Yanukovych, Ukrainian
President at the World Economic Forum in Davos yesterday.

The EBRD President expressed satisfaction with the
stabilization of the political and economic situation in Ukraine. He
particularly praised the fact that cooperation between Ukraine, IMF and other
partners have resumed.

The Ukrainian leader also pointed out that restoring
collaboration with the IMF has positively influenced the national economy.
Such bilateral relations also raised Ukraine's positive image among other
countries of the world, according to the President.

Viktor Yanukovych also stressed that "Ukraine highly
appreciates its cooperation with the EBRD and is ready to develop it

Viktor Yanukovych noted that the EBRD had so far contributed
to the implementation of about 200 investment projects in Ukraine with the
total worth over 1 billion USD. "Thanks to your cooperation, we are gradually
restoring the stability of the Ukrainian financial system," said Viktor
Yanukovych in his conversation with Thomas Mirow. He also stressed that
Ukrainian people started to gain confidence in Ukrainian financial
establishments, and that the current number and volume of deposits into
Ukrainian banks shows a steady growth.

President Yanukovych highlighted that currently Ukraine is
undertaking fiscal, administrative, judicial and other reforms. "In 2011, we
will continue to modernize the economy and other vital areas of life of our
country. We will launch reforms in 21 different directions," said Viktor

The Ukrainian President also mentioned that Ukraine is hoping
to continue the Shelter program. "Ukrainian side is eager to discuss
increasing the Shelter Fund", he said. Yanukovych noted that new donors could
be invited to this process and relevant work could have been done more
effectively during the International Conference dedicated to the 25th
anniversary of the Chernobyl disaster. In response Thomas Mirow confirmed his
intention to participate in the conference. "I will personally supervise the
preparations on our side," he said.

During his visit to Davos World Economic Forum on January
, the Ukrainian President also plans to meet with the President of
Azerbaijan, Aliyev, and the President of Poland, Komorowski. Viktor
Yanukovych has already had a meeting with the UN Secretary-General Ban

For more information, please contact Maryna Khorunzha
+380509151565 news at, Project Manager at Worldwide News Ukraine

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