EU4BUSINESS IN UKRAINE

SMEs provide work for more than 4 million people in Ukraine, generate about 20% of the country’s GDP and make up the majority of the country’s companies.  The business environment in Ukraine is highly regulated but standards, support services for SMEs, innovation policy and assistance for women entrepreneurs need to be improved to allow SMEs to really thrive.

EU4Business aims to improve the country’s business climate. It makes it easier for SMEs to get finance and provides training and targeted support for businesses led by women and those working in the green economy. SMEs also get technical support to help them align with EU standards, increase exports and benefit from the free trade deal between Ukraine and EU.

News/Press

Success stories

Coffee beans and tea
With funding from the European Union under the EU4Business Initiative, the European Bank for Reconstruction and Development (EBRD)BRD assisted Monomakh, a Ukrainian tea and coffee producer, to create a new development strategy, optimise business processes and bring their financial reports into compliance with international standards. The EBRD helped Monomakh, a Ukrainian company specialising in...
Vegetable market.
With funding from the European Union under the EU4Business Initiative, the European Bank for Reconstruction and Development (EBRD) helped Shuvar LLC, the first wholesale market for food and agricultural products in Ukraine, to introduce a smart energy strategy, reducing energy costs by 24% - amounting to EUR 90,000 in annual savings. The EBRD helped Shuvar to adapt to the volatile economic...
Andriy Zavalnyuk, managing director of Meblevi Technologii, and his wife and business partner Julia Zavalnyuk, holding the EBRD project completion certificate.
When Andriy Zavalnyuk, and his wife and business partner Julia, from Ukrainian furniture distributor Meblevi Technologii approached the EBRD for help building a new website, they were in for a surprise. The bank’s Advice for Small Businesses team suggested that what they really needed was a reorganisation of the company. The results were immediately impressive. An eight-month project to make its...