Upon completion of 2-day summit, state and governmental leaders of 27 EU member states approved "Eastern Partnership" program launch. "Eastern Partnership" is an important and mutually beneficial tool for multilateral collaboration with Eastern neighbors of EU, conclusive communiqué of the summit emphasized.

The project was officially launched on May 7 in Prague. The program stipulates for allocation of Euro 600 million funding until 2013 for strengthening of state institutions, border control and development of small companies in post-soviet republics (Ukraine, Byelorussia, Moldavia, Armenia, Azerbaijan and Georgia).