KIEV, Feb. 18 – The Reforms Executive Committee and the European Bank for Reconstruction and Development (EBRD) on February 17 signed a memorandum on setting up a project management office to coordinate, develop and implement reforms in Ukraine.

"The project office will be created for two years to work on the development and implementation of reforms. The budget of the office is EUR1.5 million per year [of which EUR1.08 million has been approved). After that the next round of negotiations on the continuation of funding based on the results of the reforms will be held," the press service of the Ukrainian presidential administration said.