Economy Ministry determines six priorities to create favorable business climate in Ukraine

17.11.2016 13:45 247

The Ukrainian Economy Development and Trade Ministry has determined six priority directions to create favorable conditions for small and medium-sized enterprises in the country.

Ukrainian Vice Prime Minister – Economic Development and Trade Minister Stepan Kubiv stated this at a meeting dedicated to the Strategy for Small and Medium Enterprises Development till 2020, an Ukrinform correspondent reports.

"We have focused on six priorities. The first one is to improve normative, legal institutional and operational environment for SMEs, the second is to improve the access of small and medium-sized enterprises to financing, the third is to simplify the tax administration," said Kubiv.

He also added that among other ministry’s priorities to improve business climate in the country are the popularization of entrepreneurial culture, the internationalization of small and medium-sized businesses in the context of the Association Agreement and the agreement on a free trade zone, as well as the strengthening of competitiveness and innovative capacity of small and medium-sized enterprises.

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