Mancini unlikely to drop Russia’s Zenit for West Ham — Italian ex-striker VialliSport October 23, 20:05
Volkswagen and Daimler inspected in European Commission’s antimonopoly probesBusiness & Economy October 23, 19:40
Baltic Fleet corvettes on long-distance voyage pass through English ChannelMilitary & Defense October 23, 18:56
South Korean chain to open 33 movie theaters in MoscowBusiness & Economy October 23, 18:41
Russian MP blasts Riga’s educational language reform ploy as ‘linguistic genocide’World October 23, 18:28
Collector robbed of masterpieces by top Russian artists worth over half a million dollarsSociety & Culture October 23, 18:04
Russian expert calls Trump's decicion to quit UNESCO irresponsibleWorld October 23, 18:03
Russian anti-doping agency’s chief says all WADA’s reinstatement criteria metSport October 23, 17:50
Russia to focus on environmental problems at UN AssemblySociety & Culture October 23, 17:29
KIEV, July 2 (Itar-Tass) - Ukraine’s machine-building and financial services sector will face the biggest problems after the Association Agreement is signed with the European Union, an expert said.
Veronika Movchan, director for science at the Institute of Economic Studies and Political Consultations, said on Tuesday, July 2, that machine-building is one of the industries that will feel the consequences of the agreement more than others as competition in the domestic market will tighten.
Protective measures with regard to the Ukrainian automobile industry will be effective for ten years, she added.
Machine-building will also have to bear expenses incurred by adaptation to EU technical standards.
Movchan also said that the sector of financial services will have to get prepared for increased competition.
The power industry will have to be overhauled to provide third parties with free access to energy infrastructure, she said.
She believes that the Association Agreement will benefit Ukrainian agriculture, light and food industries.