• Phone: +38 0 676 54 03 77

Small and medium business will be a powerful stimulus for the economy of Ukraine.

Small and medium business will be a powerful stimulus for the economy of Ukraine.

Posted in News.

Small and medium business will be a powerful stimulus for the economy in general, said during a speech in parliament First Vice Prime Minister of Ukraine Stepan cubes.
 “In Ukraine, the sector of small and medium entrepreneurship holds 99% of all enterprises and entrepreneurs. However, these companies make up a relatively small proportion of the economy – up to 15% of GDP, while in developed countries the figure is 70% of GDP. This means that small and medium business will be a powerful impetus to economic development. Ministry of Economic Development has developed a strategy for the development of SMEs – together with international partners, for which I express my gratitude to them, “- he said.
Ministry of Economic Development and Trade before the year is going to adopt a strategy of small and medium business in 2020, designed to increase the role of SMEs in the economy of Ukraine. The strategy will concentrate on six main areas: deregulation, simplifying access to SMEs to finance, simplifying tax administration, increase popularity of business, to attract small and medium business in foreign economic activity and ensure its innovativeness.

WhatsApp chat