Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Analysis-Ukraine's path to EU will be tough, with or without Hungarian hurdle
    Headlines

    Analysis-Ukraine's path to EU will be tough, with or without Hungarian hurdle

    Analysis-Ukraine's path to EU will be tough, with or without Hungarian hurdle

    Published by Global Banking and Finance Review

    Posted on October 6, 2025

    Featured image for article about Headlines

    By Lili Bayer

    KYIV (Reuters) -Senior European Union officials who visited Ukraine have delivered a stern message to Kyiv that it has a lot more to do to secure membership, while they work on overcoming Hungary's opposition to Ukrainian accession.

    Ukraine needs the backing of all 27 EU countries to become a member, but Budapest is blocking it from moving to the next stage of accession negotiations, citing concerns including the language rights of ethnic Hungarians.

    Hungary's stance has frustrated other EU states, and the bloc's enlargement commissioner, Marta Kos, led a high-level charm offensive in Ukraine last week, meeting the Hungarian minority in the west of the country to try to ease tensions.

    EU MEMBERSHIP IS A BEACON OF HOPE FOR MANY UKRAINIANS

    For many people in Ukraine, the prospect of EU membership represents a beacon of hope for a prosperous future, over three decades after it won independence from the Soviet Union.

    In 2014, a pro-Russian president was ousted by mass protests after trying to divert Kyiv away from seeking EU membership, and Russia's war in Ukraine has made EU accession even more attractive for pro-Western Ukrainians.

    But an attempt by Kyiv over the summer to curb the independence of key watchdogs alarmed many European governments and put a spotlight on the reform challenges facing Ukraine, which needs to align its laws with EU standards.

    The EU "cannot accept a new member state which is really not 100 percent following the rule of law," EU Enlargement Commissioner Kos told Reuters in an interview in Ukraine.

    Kos said "one part of this, showing the love, is being really strict," adding that, when it comes to reforms in areas ranging from agriculture to the environment, "now the tough work will come".

    PUSHBACK AGAINST HUNGARY

    European officials have signalled that if Ukraine sticks to reforms and fully adheres to rule-of-law norms, they will find a way to sidestep Hungarian Prime Minister Viktor Orban's opposition and ensure Ukraine makes progress toward accession.

    Danish Prime Minister Mette Frederiksen, whose country holds the rotating EU presidency until the end of December, said in Copenhagen on Thursday that Ukraine and the EU can keep working on reforms to help Kyiv prepare for membership.

    "I will not allow one country, and I will certainly not allow Viktor Orban, to take decisions upon the entire European future," she said.

    RULE OF LAW

    In Ukraine last week, European officials underscored that respect for the rule of law is a pre-requisite for membership.

    The messaging was partly a response to steps taken on July 22 to establish greater control by the prosecutor general, a political appointee, over Ukraine's anti-corruption bureau and a specialised prosecution unit.

    Rare wartime protests led Ukraine's leadership to quickly reverse course, but the episode caught the attention of Kyiv's closest partners.

    "What happened on the 22nd of July should never happen again," Kos said in the interview, warning about the risk of losing EU member countries' trust and that everything must be corrected "until the end".

    "It is not done yet," she said.

    European officials say they believe Ukraine will ultimately adhere to the standards, and that there is strong commitment in Ukrainian society to keep going.

    "The only worry is how, and how long, but not if," Kos said.

    Taras Kachka, Ukraine's deputy prime minister for European integration, said in a statement to Reuters that the country "will continue to implement reforms in accordance with its international commitments".

    LONG ROAD AHEAD

    European Commission President Ursula von der Leyen said in February that Ukraine could join the bloc before 2030 if it continued its reforms at their current speed and quality, but that timeline is treated with skepticism by some officials.

    Ukraine "is a big, important and strategically located country, and things cannot be swept under the carpet," said one EU diplomat.

    A second EU diplomat said that "we see impressive progress from Ukraine, especially given the war, but the EU accession process is arduous and lengthy".

    In the near term, Hungary's opposition is the main obstacle to Ukraine's bid.

    In 2023, Orban chose not to veto a decision by EU leaders to open accession negotiations with Ukraine, but Hungary is now blocking Ukraine from moving to the next stage - negotiations on "clusters" covering thematic policy areas.

    TECHNICAL WORK LIKELY TO CONTINUE

    Some European officials have floated the idea of opening the clusters without unanimity across the EU, bypassing Hungary's objection.

    But changing the rules requires the backing of all 27 states and officials say continuing technical work with Ukraine without formally opening the clusters remains the more likely near-term option.

    "If we are not able to convince each other, then I simply think we just have to move on with all the work that has to be done between Ukraine and the European Commission," Denmark's Frederiksen said.

    Kachka, the Ukrainian deputy prime minister, said Ukraine is taking a "pragmatic" approach and will keep reforming so it can move quickly once it is possible to proceed to the next stage.

    In the longer run, Ukraine's EU aspirations could run into obstacles in other parts of the bloc.

    A Eurobarometer poll published in September found 52% of EU citizens support Ukraine's accession, provided it meets all membership conditions, and that 41% are opposed.

    But while 91% of Swedes support Ukraine joining once it meets all conditions, 48% of people in France and only 28% in the Czech Republic are in support.

    Kos said the EU had time to look at the concerns in each country and address them.

    "Just let's talk about it," she said. "What are your concerns? And let's see if we can explain."

    (Additional reporting by Andrew Gray in Copenhagen; Editing by Mike Collett-White and Timothy Heritage)

    Related Posts
    App developers urge EU action on Apple fee practices
    App developers urge EU action on Apple fee practices
    Luxury goods company Kering and Ardian finalise New York property deal
    Luxury goods company Kering and Ardian finalise New York property deal
    EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports
    EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports
    Antisemitism allowed to fester in Australia, says daughter of wounded Holocaust survivor
    Antisemitism allowed to fester in Australia, says daughter of wounded Holocaust survivor
    Human‑wave attacks and drones: How Myanmar's junta is fighting back
    Human‑wave attacks and drones: How Myanmar's junta is fighting back
    EU to relent on combustion engines ban after auto industry pressure
    EU to relent on combustion engines ban after auto industry pressure
    US suspends technology deal with Britain, FT reports
    US suspends technology deal with Britain, FT reports
    Taiwan's global credibility on the line with disputed laws, president says
    Taiwan's global credibility on the line with disputed laws, president says
    Trump sues the BBC for defamation over editing of January 6 speech, seeks up to $10 billion in damages
    Trump sues the BBC for defamation over editing of January 6 speech, seeks up to $10 billion in damages
    Europe to launch international commission for Ukraine war damages
    Europe to launch international commission for Ukraine war damages
    South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi
    South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi
    'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate
    'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostAfter Gaza captivity, freed Israeli hostage sees no peace 'in our generation'
    Next Headlines PostDrone sighting temporarily disrupts traffic at Norway's Oslo airport, NTB reports

    More from Headlines

    Explore more articles in the Headlines category

    Britain clinches upgraded South Korea trade deal

    Britain clinches upgraded South Korea trade deal

    Bondi gunmen were inspired by Islamic State, had travelled to the Philippines, Australia police say

    Bondi gunmen were inspired by Islamic State, had travelled to the Philippines, Australia police say

    Belarus' Lukashenko says Venezuelan President Maduro is welcome to move to Belarus

    Belarus' Lukashenko says Venezuelan President Maduro is welcome to move to Belarus

    Trump says lawsuit against BBC likely to be filed soon

    Trump says lawsuit against BBC likely to be filed soon

    German parliament suffers suspected cyberattack during Zelenskiy’s visit, FT reports

    German parliament suffers suspected cyberattack during Zelenskiy’s visit, FT reports

    European leaders agree Ukraine security guarantees should include European-led peacekeeping force

    European leaders agree Ukraine security guarantees should include European-led peacekeeping force

    UK military chief urges Britain to better prepare for Russia threat

    UK military chief urges Britain to better prepare for Russia threat

    Ukraine says underwater drones hit submarine, but Moscow denies damage

    Ukraine says underwater drones hit submarine, but Moscow denies damage

    Serbia's prosecutor files to indict minister in connection with Kushner project

    Serbia's prosecutor files to indict minister in connection with Kushner project

    French court jails Congo ex-rebel leader for 30 years

    French court jails Congo ex-rebel leader for 30 years

    Italy's Caltagirone group strengthens governance procedure over Generali, MPS stakes

    Italy's Caltagirone group strengthens governance procedure over Generali, MPS stakes

    France says cattle disease under control as farm protests continue

    France says cattle disease under control as farm protests continue

    View All Headlines Posts