News/Press

Iryna Halimska (left), acting vice-president of Volyn Chamber of Commerce in Ukraine, underwent membership and services related training with the Seville Chamber of Commerce in Spain.
The BSO Exchange programme, developed by the East Invest 2 project, has continued to provide Eastern Partnership countries’ representatives with quality training at their EU counterparts. The latest use of the facility was made by Iryna Halimska, acting vice-president of Volyn Chamber of Commerce and Industry in northwest Ukraine. She underwent training at Seville Chamber of Commerce in Spain...
Participants at the East Invest 2 Annual Partner Conference 2017
21 June 2017, Kiev More than 100 business support organisations (BSOs) representatives from Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine and the EU Member States gathered in Kiev today for the final conference of the EU funded East Invest project. Participants discussed private sector's engagement in policymaking across the Eastern Partnership (EaP) countries and showcased East Invest...
Statue in Ukraine
Joint outreach with EU4Business Initiative to support local SMEs Strengthening and deepening its outreach in Ukraine , the EBRD has opened a new regional office in the southern city of Odessa, the country’s naval gateway on the shores of the Black Sea and one of its most important industrial centres. The Odessa office is the EBRD’s third representation outside the capital, Kiev, and will serve as...
Ukraine’s SME Strategy 2020 seeks to facilitate access to finance for the country’s many small and medium-sized companies.
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...
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...
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
Ukraine
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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
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 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...