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Official opening of the Twinning project in National Bank of Ukraine Print
10/February/2010, 08:00 - 17:00

On Fabruary, 10, 2010, the Twinning project official opening "Strengthening NBU potential through the approximation to EU standards of central banking" was led.

The project aims  to provide the National Bank of Ukraine with the opportunity to obtain expertise and information on standards and best practices applied by German and Polish central banks within the European System of the Central Banks (ESBC). The project partners are the Deutsche Bundesbank in consortium with the National Bank of Poland.

The main activities of the project will focus on crucial aspects of central banking and aim at strengthening the institutional capacity of the National Bank of Ukraine. The implementation of project activities will last of 18 months.

The key goals of the project :
  • Strengthening of Ukraine central banking and enforcement framework to approximate to that existing in the EU
  • Developing a comprehensive national financial services strategy, which includes an intensification of financial sector reform
  • The gradual approximation of Ukrainian financial sector laws, regulations, norms and standarts to those of the EU and enhanced integration into European networks
  • Consolidation progress in macro-economic stabilization and growth policie

 

First Vice-Governor of the National Bank of Ukraine Anatoly Shapovalov, the Head of Delegation of the European Union Manuel Pinto Teixeira, the Deputy Head of Main Department of Civil Service/ Director of  Twinning Administrative Office Andriy Vyshnevskyy, the Coordination Bureau for European and Euro- Atlantic Integration of the Secretariat of the Cabinet of Ministers of Ukraine Vadym Triukhan delivered with an opening speech during the action.

Andriyy Vyshnevskyy in his speech told about the necessity and importance of the Twinning instrument for state reforming, marked on experience value of the Germany and Poland  regulation in banking sector, which will be useful for National Bank of Ukraine. And told about main achievements of the Twinning implementation in Ukraine, in particular creating legal frameworks, network of Twinning contacts in authorities, introducing the annual programming of Twinning projects.

Germany Project Leader Martin Pontzen, Poland Project Leader Mariush Stankowski, Resident Twinning Advisor Artur Radomski also took part in the Project opening. 

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