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.

Covid-19

News/Press

Armenia The state of emergency in Armenia is extended for 30 days till June 13, while financial and economic activities can be undertaken under specific conditions. Read More A total of 84.4 billion AMD (about US$ 175 million) have been distributed...

Success stories

When a pandemic hits and your business is one of the key types forced into complete lockdown, how do you cope with the quarantine at your sports and aqua-entertainment complex? Do you lay off your employees? Do you look for other ways to cut costs drastically? That’s how some companies might respond. But not Lviv’s Pliazh Aquapark. The 12-year old Pliazh Aquapark in Lviv is not only the biggest...
Three Western Ukrainian participants in a cluster development programme supported by the EBRD and the EU4Business initiative re-oriented production to help with the pandemic—and saved jobs, too. During the two months of Ukraine’s quarantine and lockdown, three garment-making clusters in Western Ukraine were able to achieve this: 100% of jobs saved, 1 million protective masks and 12,000 protective...
In early April, 10,000 express COVID-19 tests arrived in three oblasts of Western Ukraine—Vinnytsia, Ternopil and Khmelnytskiy. The whole process—from the search for a test to delivery—was handled by six small businesses that are part of a cluster of bridal wear manufacturers called Podillya Wedding Group. The cluster was launched in 2018 with the support of EU under the EU4Business initiative,...