Firms in particular benefited from our purchases of bonds from the non-bank corporate sector, via the corporate sector purchase programme. This programme has made market-based financing more affordable for corporations and freed up lending capacity in banks’ balance sheets, which has had a positive impact on credit supply, in particular for small and mediumsized enterprises.
The EUUkraine Association Agreement commits Ukraine to implementing reforms related to the EU acquis communautaire. It requires progress in the economic, legal and political domains. Twinning projects help achieve exactly that: they assist in building a more democratic and open economy in Ukraine.