The decade after the signing of the Treaty of Lisbon in 2007 was probably the most challenging in EU’s history. The financial and migration crises cast a shadow on the EU efficiency in tackling global challenges. The process of Britain’s exit from the EU raised fundamental questions about the future of the European idea itself. The desire to use the deep crisis as an opportunity to reach a new level of integration brought about several reform proposals from the EU institutions and from French President E. Macron. However, differences in the member states’ priorities and fears of losing sovereignty or altering the balance of power between the EU institutions threaten to postpone profound institutional reforms until the period after the 2019 European Parliament election. The policy paper, written by Nadiia Koval, Head of the Centre for International Studies, and Borys Zaitsev, Analyst of the Centre, examines the main directions of EU reform in the key areas, estimates probability of the implementation of reform proposals, and their impact on the future of the EU as well as the prospects for Ukraine’s European integration.