Government outlines main vectors for development of SMEs in Ukraine

Government outlines main vectors for development of SMEs in Ukraine

Ukrinform
As part of the preparation of Ukraine’s National Economic Strategy until 2030, the Government has unveiled the main vectors for the development of small and medium-sized businesses in Ukraine.

Deputy Minister of Economic Development, Trade and Agriculture Iryna Novikova stated this during the second meeting of the sectoral working group on small and medium-sized enterprises to coordinate international technical assistance, the ministry’s press service reports.

"As part of the preparation the National Economic Strategy until 2030, the Economy Ministry and the government have identified the main vectors for the development of small and medium-sized businesses in Ukraine," said Novikova.

Among these vectors are the development of the business support ecosystem, expanding access to finance, simplification of the regulatory environment and promoting access to new markets.

The deputy economy minister noted that currently the priority task of the ministry is to consolidate the state national infrastructure for business support and development. To this end, the Economy Ministry is planning to take the following steps: launch joint programs with international partners to develop the capacity of business associations; create information, incubation, acceleration centers of business support with a focus on innovation and production activities; introduce the institution of a local business ombudsman in each region.

“The development of entrepreneurship for the economy of any country is the basis for the formation of competitive relations, filling the budgets of all levels, raising living standards," said Novikova.

iy


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-