The government has created a plan for the development of small and medium-sized businesses in Ukraine until 2020

Submitted by bashun on Mon, 05/21/2018 - 18:19

On May 10 the Cabinet of Ministers of Ukraine approved a plan of measures for the implementation of the Strategy for the Development of Small and Medium-sized Entrepreneurship in Ukraine for the period until 2020 developed by the Ministry of Economic Development and Trade of Ukraine (MEDT). This was reported on the website of the Cabinet of Ministers of Ukraine, according to АgroРolit.com.

It is reported that the Plan provides for the implementation of a number of tasks: the creation of an SME portal based on the official website of the Ministry of Economic Development; creation of the Office of SME Development under the Ministry of Economic Development; implementation of a project on partial provision of loans to SMEs; implementation of the project for the establishment of a regional network of business support centers; implementation of SME development programs in accordance with the priorities of other strategic and policy documents; improvement of regulatory procedures governing SMEs.

"In Ukraine there are almost 2 million small and medium-sized enterprises that create more than half of the country's total gross domestic product, and the government and the Ministry of Economic Development understand the importance of supporting and promoting the development of this sector of the economy. This strategy is aimed to intensify and increase the effectiveness of the government's work on the implementation of the directions outlined in the Strategy," the First Vice Prime Minister, Minister of economic development and trade of Ukraine Stepan Kubiv noted.

It is also reported that the Strategy for the Development of Small and Medium-sized Entrepreneurship in Ukraine for the period until 2020 is a strategic document that contains a number of directions for creating an enabling environment for its development, expanding access to finance, simplifying tax administration, popularizing entrepreneurial culture and developing entrepreneurial skills, increasing of competitiveness and innovative potential of small and medium business.

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