You're reading: EU insists on decentralization of Ukraine’s economy

Ukraine needs to focus specifically on decentralization of its economy and regional development in order to build a successful state, says Johannes Hahn, the European Commissioner for Neighborhood Policy and Enlargement.

It is extremely important to support regional development and everything that involves a strong decentralization because this, too, will support and boost local economies, particularly small and medium-sized enterprises which normally are the backbone of economy, he told a pres conference held jointly with Ukraine’s President Petro Poroshenko in Kyiv on Feb. 19.