Interfax-Ukraine

News about recent political developments in Ukraine, key Ukrainian economic news and major current events in the CIS and the rest of the world.

https://en.interfax.com.ua/

EU hopes to mobilize up to EUR 7 bln of investments for seven years for Ukraine – European Commission representative.

The EU has adopted an economic investment plan for three regions: the Eastern Partnership, the Western Balkans and the Southern Neighborhood – for Ukraine they hope to mobilize up to EUR 7 billion for investments for seven years, Deputy Director-General of the European Commission's Directorate for Neighbourhood Policy and Enlargement Katarína Mathernová.

From the EU side, the focus will be more on investment, the EU has a new instrument to support investments – "de-risk instrument." This is a guarantee from the European Commission to its international financial institutions-partners in order to reduce the risks for investments in our partner countries, among which is Ukraine, she said in an exclusive interview with Interfax-Ukraine.

She said that a lot of this will be sent to the Green Transition, a large portion will go to the digital transition, infrastructure renewal, and a lot is planned to be directed to access to finance for small and medium-sized businesses. According to Mathernová, this is already in the works, but this is a plan for the next seven years.

The representative of the European Commission said that Ukraine has a much greater economic potential than it was able to use until now, and that now there are much more opportunities than before to attract foreign investors.

There is much more potential to conduct transparent privatization, which will bring knowledge and know-how, new business practices and the opportunity to be a link in the European production chain to the country, she said. And one of the areas where it is necessary, it is simply necessary to do better, is public administration, corporate governance, justice, predictability of the business environment. Again, there have been improvements, Mathernová added. But she does not think Ukraine is already there, as the country will have to work hard to change investor sentiment and attract investment.

Economic analyst on November jobs numbers

Economic analyst on November jobs numbers

The Department of Labor said the economy added only 210,000 jobs last month while the unemployment rate fell to 4.2%. Bankrate senior economic analyst Mark Hamrick joined CBSN to discuss the numbers. CBSN is CBS News’ 24/7 digital streaming news s...

«48 Hours»  catches up with woman two decades after adopted parents sent her back to Russia over s….

«48 Hours» catches up with woman two decades after adopted parents sent her back to Russia over s….

Over 20 years ago, a young American couple adopted a Russian girl. But eventually, the parents began to fear she was capable of murder. For this week's "48 Hours," Troy Roberts sat down with her decades later to discuss her surprising story, and h...

Russian troops reported at the Ukraine border heighten tensions between the two nations.

Russian troops reported at the Ukraine border heighten tensions between the two nations.

Ukraine's defense minister says Russia could invade his country as soon as next month. While the Kremlin denies the allegations, the U.S. is warning Moscow there will be a steep price to pay if things escalate. CBS News correspondent Christina Ruf...

Huge Molten Boulder Slides Down La Palma Lava Stream.

Huge Molten Boulder Slides Down La Palma Lava Stream.

Spain's Geological and Mining Institute released footage of a huge molten boulder sliding down Cumbre Vieja volcano, Friday. IGME also released footage shot on Thursday showing several streams of lava flowing toward the Atlantic Ocean. La Palma lo...

Cases of the Omicron coronavirus variant confirmed in at least five states.

Cases of the Omicron coronavirus variant confirmed in at least five states.

The CEO of BioNTech says the coronavirus vaccine it developed with Pfizer may need to be adapted to be more effective against the Omicron variant, cases of which have been confirmed in at least five U.S. states. Pulmonary specialist Dr. Len Horovi...

Biden approval on COVID drops 20 points in a year

Biden approval on COVID drops 20 points in a year

Maslansky & Partners president Lee Carter responds to President Biden's messaging on the COVID omicron variant Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompassing news...