Among the priorities of the European Investment Plan for Ukraine, which envisages EUR 50 billion worth of direct investment in the Ukrainian economy over a 10-year period will be infrastructure development and hi-tech, Foreign Minister of Ukraine Pavlo Klimkin told reporters ahead of the government meeting on Wednesday.
"There are already certain priorities: infrastructure – national and local - and development of high technology, start-ups. We cannot just live off of agriculture," Klimkin said.
According to the Minister, the money will be provided for specific programs. "It is very good to understand that this is not the manna of heaven, they won’t be just showering money on us - we will be given additional resources - this is both assistance and investments from European institutions," Klimkin said.
As UNIAN reported, the Council of Europe may in December 2017 approve the European Plan for Ukraine drafted by Lithuanian deputies, which provides EUR 50 billion worth of investment in real economy over the next 10 years.
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On August 18, Ukraine's Minister of Economic Development and Trade Stepan Kubiv said the New European Plan for Ukraine provided for at least EUR 5 billion in annual support from the European Union for the implementation of reforms aimed at the country's economic growth and development.
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At the same time, according to the Minister of Foreign Affairs of Lithuania, Linas Linkevicius, the Marshall Plan for Ukraine should now be called the "European Plan for Ukraine".