Zelensky initiates programs to support businesses during coronavirus pandemic

President Volodymyr Zelensky has offered that new programs be created in Ukraine to assist small and medium-sized businesses during and after the coronavirus pandemic.

This issue was discussed at a meeting of President Zelensky with representatives of the government and the banking sector, the president’s press service reported on Monday evening.

“We need to create new and revise the existing support programs, that is, to extend support to those already working in different fields. Saving business now is to let the country breathe and live in the future,” the president said.

According to Zelensky, small and medium businesses currently suffer the most because they cannot work and do not have a large financial cushion.

The parties at the meeting discussed the issue of creating tools for lending to new entrepreneurs and supporting the existing ones through repayment holidays and offsetting interest on loans so that not to increase the number of overdue loans.

“The world has changed. It is not beneficial to work in the shadows today. Employment should be stimulated by preventing uncontrolled inflation,” Advisor to the Head of the Presidential Office for Banking Affairs Viktoria Strakhova noted.

Efficient programs to support Ukrainian entrepreneurs will be represented in the near future.

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