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

Improving SME Statistics in Ukraine
The OECD organised its first workshop on business statistics on 13 March in Kyiv, Ukraine, focused on definitions and methods for producing entrepreneurship and structural SME statistics. The workshop was held in the framework of the EU-funded...

Success stories

Ukraine
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Thanks to new technological developments, Ukrainians are now able to use “mobile money”. The advent of this service, used worldwide, was made possible thanks to an improvement in the business climate supported by the Better Regulation Delivery Office (BRDO), financed by the European Union as part of the FORBIZ project. In Ukraine, almost 35% of the population of 16 million have no regular access...
Sitis is a Ukrainian company specialised in ‘1C’ enterprise control systems – a universal cloud and on-premise system for automating a company’s financial and wider operational activities. In this capacity, the company has acted both as a consultant for the European Bank for Reconstruction and Development’s (EBRD) business advisory service, and as a beneficiary of those same services,...
With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped Ukrainian electrical manufacturer PromAvtomatika Vinnitsa to develop and ‘clean up’ the organisational structure of the business, leading to greater efficiency and flexibility. Since 2002, the company has been engaged in the production, sale and...