Ukraine signs agreement on participation in EU Single Market Programme

Prime Minister Denys Shmyhal stated this at a joint briefing with President of the Eurean Commission Ursula von der Leyen in Kyiv, an Ukrinform correspondent reports.

"We signed an agreement on Ukraine's participation in the Eurean Union’s Single Market Programme with a budget of EUR 4.2 billion," Shmyhal said.

He added that this program is aimed at "ensuring green and digital transitions" and will contribute to the develment of the competitiveness of Ukrainian business.

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As reported, in January 2023, President of Ukraine Vodymyr Zelensky signed the decree "On the delegation of Ukraine to participate in negotiations with the Eurean Commission regarding the conclusion of an agreement between Ukraine, on the one hand, and the Eurean Union, on the other hand, regarding Ukraine's participation in the Eurean Union’s Single Market Programme (2021-2027)".

The Eurean Union’s Single Market Programme is a financial support program of the EU with a budget of EUR 4.2 billion, which is designed for 7 years (from 2021 to 2027). Ukraine’s accession to this program will strengthen coeration with the EU, which is especially important in view of the Eurean integration processes and Ukraine’s EU candidate status.

The programme should facilitate access to markets, create a favorable business environment, promote business develment and growth, ensure competitiveness and sustainability of companies and entire sectors of the economy (combining ecosystems, clusters). It will help devel the business environment, including mentoring schemes. Among other things, participation in the Eurean Enterprise Network (EEN), Erasmus for Young Entrepreneurs (EYE), and joint cluster initiatives is envisaged.