News/Press

Ukraine’s SME Strategy 2020 seeks to facilitate access to finance for the country’s many small and medium-sized companies.
Ukraine approves SME development strategy up to 2020
Ukraine
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07/06/2017
The Ukrainian Government has approved a new strategy to boost SME development and open up access to finance. The Development of Small and Medium-sized Entrepreneurship in Ukraine Strategy (SME Strategy 2020) aims to increase the contribution of SMEs to the national GDP to 60.5% by 2020 , from 59% in 2015. It embraces the principles of the Small Business Act for Europe and recommendations of the...
Ukrainian software company wins €1.22m EU research grant
Ukraine
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06/03/2017
A Ukrainian software company has won a €1.22 million grant from the European Commission’s Horizon 2020 innovation and research programme for a product that could save semiconductor firms millions of euros by eliminating faulty chip manufacture. Polyteda Cloud is receiving the grant towards a two-year project, " Innovative Cloud-Based PV Workflow for Semiconductor Foundries ”, as part of a...
Ukraine’s Ecopharm gets loan worth €3.6m from EBRD to expand production of herbal antivirus medicines
Ukraine
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06/03/2017
The European Bank for Reconstruction and Development (EBRD) and EU4Business are providing loans and investment support to the Ukrainian pharmaceutical producer Ecopharm, so that it can build a new export-oriented manufacturing facility in the town of Slavuta in Khmelnytskyi region, western Ukraine . A seven-year loan from the EBRD , worth up to €3.6 million, will also help buy state-of-the-art...
Improving SME regulations in Ukraine
Improving SME regulations in Ukraine
Ukraine
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29/11/2016
The FORBIZ project focuses on improving the regulatory framework for SMEs in Ukraine and strengthening government-private sector dialogue Ukraine’s Ministry of Economic Development and Trade and the EU Delegation to Ukraine have launched FORBIZ, a leading business support project in the framework of the EU4Business initiative funded by the EU. FORBIZ focuses on three areas: improving regulatory...
€50 m financing for innovative companies
€50 m financing for innovative companies
Ukraine
 | 
29/11/2016
The EIF has signed an agreement with ProCredit Bank in Ukraine to finance innovative companies to the tune of €50 million The European Investment Fund and JSC “ProCredit Bank” have signed the first agreement in the framework of the project “InnovFin” (EU finance for innovators) – an initiative supported by the European Commission, aimed at raising funds for the development of innovative projects...
Prime Minister Volodymyr Groysman says the proposed amendments will simplify life for new businesses.
Prime Minister Groysman announces small business tax holidays
Ukraine
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04/10/2016
Prime Minister Volodymyr Groysman recently announced new tax holidays intended to simplify life for small businesses and eliminate barriers to growth. According to Prime Minister Volodymyr’s Facebook Page, Ukrainian small businesses and entrepreneurs will soon benefit from a more business-friendly tax code. The proposed amendments to the tax code aim to simplify life for new businesses and...