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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Success stories

Every entrepreneur has a recipe for how to start and grow a successful business. For Ivan Semenyuk and Andriy Pavlikovsky from Vinnytsia, a city in central Ukraine, this recipe is somewhat unusual: invest money and effort during a major crisis. They started their business, GPS PRO , in 2014 in the midst of political and economic unrest. And in April 2020, during the Covid-19 quarantine, they...
The numbers are relentless when it comes to the proportion of Ukrainians living in cities and rural areas in unified territorial communities (UTC): in the last 10 years countryside has lost 16% of its population. Young people go in search of a better life in big cities like Kyiv and Dnipro, or they go abroad as migrant workers. Their reasons are normal and predictable: low income potential in...
3D designer from Lviv Oleksandr Shestakovych had been doing object design for several years when he came up with an idea of a toy business. Back in 2018, little did he know that in only 2 years he would be a worldwide exporter of wooden toys thanks to a seria of trainings by the Business Information Support Center (BiSC) in Lviv, supported by EBRD together with the EU4Business Initiative of the...