Ukrainian government publishes action plan for implementing SME strategy


The Ukrainian government has published for consultation its draft order on the Action Plan for implementation of its SME strategy to 2020, drawn up with the support of the EU4Business FORBIZ project

On 30 October, the Ministry of Economic Development and Trade published the Draft Order of the Cabinet of Ministers ‘On Approval of the Action Plan for Implementation of the Strategy for the Development of Small and Medium Enterprises in Ukraine until 2020’.

Following sustained efforts by the Ukrainian business community, supported by expertise from the EU4Business FORBIZ project, the ‘SME Development Ukraine 2020 Strategy’ was developed and adopted by the Cabinet of Ministers in May 2017.

This strategic government document is the first comprehensive SME strategy document driving SME policy in line with international standards, to set the programmes supporting the framework for SME-focused policy in the country. The FORBIZ project has supported the Ministry of Economic Development and Trade in designing a realistic SME Action Plan to implement the SME Strategy.       

Approval of SME Development Strategy 2020 was followed by development of Development of the SME Action Plan. It was led and coordinated by the Ministry with the involvement of the relevant SME stakeholders: executive authorities, business associations, business support organisations, representatives of international and donor organisations and the business. It includes measures, responsibilities, deadlines, resources, and key performance indicators.

Funded by the European Union under the EU4Business initiative, the FORBIZ project supports Ukraine’s reform agenda and its economic recovery by proposing a systemic, smart change to a more business-friendly environment with a particular focus on SMEs. The project seeks to steer a shift in policy towards greater recognition of SMEs and the vital role they play in economic recovery, while addressing the challenge of reducing regulatory burden and lessening risk for businesses.