News

Radical reforms within "Young Democratic States" are impossible without overcoming the cultural stereotypes, kept as a heritage of the Soviet times. This has been stated by Mikheil Saakashvili, the President of Georgia, in his speech on the Plenary Session "Building Democracy and Market Economy in the Black Sea Region" of the 5th annual Yalta European Strategy (YES) summit.

At the same time, representatives of Ukrainian state power and business community consider the preparation of the Area's format should be more thorough in order to minimize the risks for Ukrainian economy in relation to FTA building. 

Such opinion has been stated by the participants of "The Future of the European Union" discussion, held within the Plenary Session of the 5th annual Yalta European Strategy summit.

Current inflation rate in Ukraine hazards country's long-term competitiveness, Dominique Strauss-Kahn, IMF Managing Director, said on Friday during the press briefing at the 5th annual summit of Yalta European Strategy (YES). 

The European Union and Ukraine are to sign the new extended partnership and cooperation agreement at the beginning of 2009. So assured Nicolas Sarkozy, the President of France, presiding in the EU, in his address from July, 11, 2008, given on the occasion of the 5th annual Yalta European Strategy (YES) summit.

Today Ukraine is more involved into global processes than it was ten years ago. That is why the current world economic crisis may be much more painful for the country, than the crisis of 1998.

Nicolas Sarkozy, the President of France, heading the EU at the moment, publicly declared the intention to favor Ukraine's movement to European Union. The given declaration has been made by the President of France in his speech within European Parliament session in Strasbourg.