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.

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News/Press

Armenia Armenia gets one-year customs tax break within the framework of the Eurasian Economic Union. Lower rates than the single EEU customs tariffs shall be applied in Armenia for more than 600 items of goods imported. https://bit.ly/2CgClbe...
Armenia VTB bank joins the governmental 3 rd assistance action programme aimed at mitigating the liquidity risk of SMEs to offset consequences of coronavirus pandemic jointly with the Ministry of Economy and the Investment Support Center. It enables...

Success stories

The numbers are relentless when it comes to the proportion of Ukrainians living in cities and rural areas in unified territorial communities (UTC): in the last 10 years countryside has lost 16% of its population. Young people go in search of a better life in big cities like Kyiv and Dnipro, or they go abroad as migrant workers. Their reasons are normal and predictable: low income potential in...
3D designer from Lviv Oleksandr Shestakovych had been doing object design for several years when he came up with an idea of a toy business. Back in 2018, little did he know that in only 2 years he would be a worldwide exporter of wooden toys thanks to a seria of trainings by the Business Information Support Center (BiSC) in Lviv, supported by EBRD together with the EU4Business Initiative of the...
With support delivered by the OECD under the EU4Business initiative , Armenia and Ukraine have improved their statistical systems and started to produce internationally comparable indicators on the structure and performance of the SME sector. This will allow Armenian and Ukrainian governmentsto implement appropriate policy measures to support SME development and monitor their impact on the SME...