News

On February 28, the Ministry of Finance of Ukraine, with support from the EU4PFM Project, hosted a conference titled "Public Internal Financial Control: Perspectives for the Future."

The EU4PFM Team embarked on a three-day mission to Kyiv to meet with Partner Institutions and discuss current progress, priority areas for further cooperation in budget, customs, tax, and IT streams, and future plans to support Ukraine's successful accession to the EU.

In Ukraine, the terms of storage for accounting and financial documents have been revised in accordance with the recommendations of the Report of OECD Global Forum on Transparency and Exchange of Information for Tax Purposes on compliance with the exchange of information on request (EOIR) standard.

EU4PFM continues its interview series "Voices of Expertise," introducing international experts who encourage changes and share insights in transforming Ukraine's public finance management landscape. Meet the second interviewee, Manfred van Kesteren, EU4PFM International Expert on Public Internal Financial Control.

This document will serve as a roadmap for transitioning the Ukrainian procurement system to European standards, thereby ensuring transparency and efficiency in the use of budget funds.

The plan was developed in the context of Ukraine's preparation for joining the EU and the implementation of Annex XV to the Association Agreement, which establishes a clear list of measures that Ukraine must implement in order to harmonize customs processes with European standards. Special attention was paid to the fulfilment of all requirements regarding future integrations into EU systems.

From January 31 to February 2, 2024, in Chisinau, Oleksandr Shatkovskyi, Senior Legal Expert of the EU4PFM Public Procurement Component, participated in the International Conference on Sustainable and Circular Procurement for small and medium-sized businesses from the EU and Eastern Partnership countries.

To prepare for the EU accession process, the Ministry of Finance has increased its efforts in digitalising PFM institutions.

EU4PFM Project activities in 2024 will be centred around aligning Ukrainian legislation with EU acquis and preparing for the screening process, which began following the European Council's decision to open accession negotiations with Ukraine.

In the midst of an ongoing full-scale war, Ukraine is continuously advancing its public financial management. The E-audit, an advanced technology, empowers tax administrations to explore novel approaches to engage with significant volume of records keeping large taxpayers during the audit process, including the electronic submission of audit-related documentation.