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

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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

When a pandemic changes business plans and individual lives, it’s no surprise that one of the projects under the EU M4EG or Mayors for Economic Growth programme being implemented in the small western Ukrainian town of Dolyna has temporarily turned into a charity. At the end of March, the team of a Pioneer project supported by the EU under the auspices of the EU4Business initiative, began helping...
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...