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

Doing business in Ukraine’s regions 2018
The Better Regulation Delivery Office (BRDO) and the Ukrainian Union of Entrepreneurs (UUE) have launched their second regional analysis of ease of doing business, which will result in the publication of the Regional Doing Business rating. The...
Ukrainian businesses that want to enter the global market will have to invest a lot in its development . Resources will be required to study foreign markets, visit other countries, adapt their products to the needs of the market, search for partners...

Success stories

Natalya Lukyanchenko, director and founder of the school
The ‘Stupeni’ (‘steps’) school in Odessa has received a grant from the EU to conduct an energy inspection, after the private Waldorf school applied to the EBRD’s Advice for Small Businesses programme. After modernising the heating system, the classrooms will be much warmer in winter, and the maintenance of the building will cost half a million hryvnyas less a year. Teenagers perched in the...
Olga Radinovich is the General Director of Reabilitimed, a Ukrainian manufacturer of orthopaedic and medical products. Her company had been wanting to invest in new equipment from Germany for two years when she heard on the radio about EU4Business SME loans through the German Ukrainian Fund (GUF). Under the programme, 50% of the nominal interest rate set by the loan agreement is compensated for...
SuperMagnit LLC is a Ukrainian company producing souvenirs for the tourist market since 2006. It started with just a few employees, but has considerably developed in recent years. The company recently took out a loan as part of the joint programme of the German-Ukrainian Fund and Kyiv City State Administration for the compensation of interest rates on Kyiv SMEs’ loans, implemented with the...