The EU will help to develop small business in Ukraine

The EIB is launching a new scheme to support small and medium-sized businesses.

In Ukraine launched a program of the EU, which will allow the European investment Bank to support small and medium enterprises in Ukraine.

It is reported by the European external action service.

It is reported that the initiative aims at strengthening economic development in the target countries, providing financial and technical support to small and medium enterprises (SMEs).

The EIB group have joined forces with the Investment Fund of the EU neighbourhood to provide a full package of documents designed to help companies in Ukraine, Moldova and Georgia.

It is reported that the company thereby have more opportunities related to the implementation of the free trade agreement with the EU, which provides for the gradual removal of barriers to trade and bringing the standards in line with EU requirements.

According to the European service of foreign Affairs, the EU contribution is part of a broader initiative of the European Commission “EU4Business”, which brings together EU-funded programmes, to support the development of small and medium businesses and improving business environment in the Eastern partnership region.

“The private sector leads to growth and new opportunities for employment in Ukraine. A new initiative, the EU should strengthen this segment of the national economy”, – said Vice-President of the European investment Bank Vasil Office at the conference, which aims to inform different stakeholders in Ukraine on access to funding from the Bank of the EU.

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