Development of small, medium-sized businesses is major impetus for Ukrainian economy – EU Delegation representative

Head of Press of the EU Delegation to Ukraine Jurgis Vilcinskas said this at a workshop on cooperation between Ukroboronprom state concern and small and medium-sized businesses, an Ukrinform correspondent reports.

"The small and medium-sized businesses in Ukraine produce three times lower GDP than in the EU. If to unlock its potential fully, it would be a major boost for the economy," Vilcinskas said.

According to the EU Delegation to Ukraine representative, Europe proposes three units of assistance to Ukraine, which will make small and medium-sized businesses able to meet competition.

"The first unit is the macro level assistance so that businesses could enter the world markets, which have opened after the agreement with the EU was signed. The second unit is consulting and the third one is access to the credit lines," Vilcinskas said.

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