Kubilius: Ukraine could become Europe’s economic tiger in 20–25 years

European Commissioner for Defense and Space Andrius Kubilius stated that Ukraine has the potential to become one of Europe’s leading economies over the next 20 to 25 years.

According to him, the country needs time to build a sustainable economic system, but provided it stays on the right course, it could become Europe’s “new economic tiger.”

He cited Ukraine’s integration into the European Union as a key factor in this development.

Kubilius noted that concerns among some European countries regarding competition from Ukraine are not new—similar discussions arose before Poland and the Baltic states joined the EU.

He cited Lithuania as an example, which demonstrated significant economic growth after joining the European Union.

The European Commissioner emphasized that Ukraine’s economic prosperity is a crucial factor in ensuring lasting peace in Europe.

At the same time, he said, Ukraine’s success could also influence neighboring countries, in particular by stimulating change within Russia.

As a reminder, the NBU may revoke MTB Bank’s license.

Additionally, on November 4, the Board of the National Bank of Ukraine (NBU) decided to classify JSC “RVS Bank” as insolvent.