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.
- direct or indirecting financing, such as loans or guarantees, often via third parties such as banks or partner organisations;
- networking opportunities at fairs and on trade missions.
SMEs in countries which have signed an Agreement on a Deep and Comprehensive Free Trade Area with the EU get additional support from the DCFTA Facility for SMEs. These funds help SMEs in Georgia, Republic of Moldova and Ukraine adapt their processes and procedures to comply with EU rules and so make the most of a new more open EU export market.
Working with Business Support OrganisationsEU4Business also helps organisations that advise SMEs. Interventionfocuseson:
- improving the dialogue between government and business to create a better regulatory and business environment;
- creating networking opportunities between SMEs and BSOs in EU and EaP countries to open up new markets.
EU4Business partnersEU4Business programmes are co-funded by the EU but implemented by partner organisations. Theseinclude:
- European Bank for Reconstruction and Development (EBRD)
- EuropeanInvestmentBank (EIB)
- KreditanstaltfurWiederaufbau (KfW)
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