EU: Сorruption prevents Ukraine from increasing foreign investment

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Open source

European Commissioner for European Neighborhood Policy and Enlargement, Oliver Vargei, said that in order to increase foreign investment in the economy, Ukraine must eradicate corruption.

He said this at a meeting of the Ukraine-EU Association Council in Brussels at a joint press conference with the participation of Vice President of the European Commission Josep Borrel and Prime Minister of Ukraine Oleksiy Honcharuk.

To Commissioner, Ukraine must make progress in reforms to help ensure economic growth and prosperity.

“We are pleased to admit that trade is growing at a steady pace, and we hope to continue to move along this path,” Mr. Vargei said, adding that the Association Agreement regarding the free trade area is basis.

The EU Commissioner also stressed that the EU is ready to support the goal of the Ukrainian government to increase foreign direct investment.

“But, of course, the main factor in this direction is the rule of law, the business environment and the eradication of corruption. Important steps have been taken towards the creation of the Supreme Anti-Corruption Court, but we must continue to create the institutional base and fight corruption,” UNIAN quotes Vargei, as saying.

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