SMEs provide work for more than 4 million people in Ukraine, generate about 20% of the country’s GDP and make up the majority of the country’s companies.  The business environment in Ukraine is highly regulated but standards, support services for SMEs, innovation policy and assistance for women entrepreneurs need to be improved to allow SMEs to really thrive.

EU4Business aims to improve the country’s business climate. It makes it easier for SMEs to get finance and provides training and targeted support for businesses led by women and those working in the green economy. SMEs also get technical support to help them align with EU standards, increase exports and benefit from the free trade deal between Ukraine and EU.

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Success stories
“My life story is not easy. An orphan at the age of 15, I started my own business and faced many challenges along the way. With support from others, I was able to manage these tough times. I love my team and make sure that I repay my debt to society by being available to my customers and partners,” says Tatyana. Starting small, Tatyana Ivanovna Yaremchuk met the challenges of developing her small...
Thanks to the training and support provided by East Invest 1 and East Invest 2 , Elvira Sevostianenko and the Donetsk Chamber of Commerce and Industry (DCCI) have been helping Ukrainian SMEs enter the EU market. The Donetsk Chamber of Commerce and Industry (DCCI) has a long history of increasing the competitiveness of the region’s entrepreneurs by providing professional services and creating a...
Coffee beans and tea
With funding from the European Union under the EU4Business Initiative, the European Bank for Reconstruction and Development (EBRD)BRD assisted Monomakh, a Ukrainian tea and coffee producer, to create a new development strategy, optimise business processes and bring their financial reports into compliance with international standards. The EBRD helped Monomakh, a Ukrainian company specialising in...