ADVERTISEMENT

EU summit monitors Ukraine gains

World

The European Union is holding a summit in Ukraine on Friday but it is likely to be overshadowed by political uncertainty in the country.

A bitter power struggle between the country’s leaders led to an early election being called. The summit is due to be attended by the presidents of the European Union and the European Commission. The event hosted by Ukraine’s president and prime minister will discuss the progress the country has made. Ukraine became a pro-Western country almost three years ago.

Following the mass protests of the Orange Revolution this former Soviet republic turned it’s back on Russia and made membership of the European Union one of it top priorities. Expectations of Ukraine were high. While the country has become more democratic, the pace of reform has been slow and there has been one crisis after another. A former Ukrainian foreign minister told that there is frustration in Brussels at the continuing political turmoil. At the heart of this is a power struggle between the president and the prime minister.

But despite this instability, President Viktor Yushchenko says there is agreement over Ukraine’s European position. “This direction of Ukrainian politics has no alternatives.” said Yushchenko. “It is not just a matter of fashion that we move towards the West. It means that Ukraine will grow stronger, and that we will be able to work towards European integration and Nato.” This summit was organized long before the early election was called for late September. It is expected that President Yushchenko and Prime Minster Viktor Yanukovych will told that the vote in two weeks’ time will be a key test of the country’s democracy and its commitment to European values. (BBC News)

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.