The European Union has allocated Ukraine 12 million euros in support measures to overcome trade barriers and increase product safety by improving the technical regulation of the funds allocated under the obligations under the financing agreements between the EU and Ukraine on 21 December 2009, according to the program sectoral support "Promoting mutual trade, by overcoming the technical barriers to trade between Ukraine and EU". As reported ukranews.com, this program provides for the allocation of Ukraine, 39 million euros, which will be given four tranches over four years. Payment of the first tranche of budget support in the amount of EUR 12 million was made after evaluation of EU macro-economic stability and development in the sphere of public financial management in Ukraine. In this case, the EU stressed that the public procurement system should be developed in Ukraine on the principles of transparency, openness and compliance with international standards, and the deviation from these guidelines may jeopardize Ukraine's compliance with the requirements for the provision of further budgetary support to the EU.
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