Micro and small business loan program starts in Ukraine on Feb.

The Cabinet of Ministers of Ukraine has endorsed a decree to launch the program "Affordable loans at 5-7-9%" for micro and small business from February 1, 2020.

The decision was made at the Cabinet’s meeting on January 24, Prime Minister of Ukraine Oleksiy Honcharuk posted on Telegram channel.

"The Government endorsed a decree to launch the program "Affordable loans at 5-7-9%" for micro and small business from February 1, 2020. The state support program for micro and small businesses will allow participants to get up to UAH 1.5 million in affordable loan at 5%, 7% or 9% for creating or expanding their business," Honcharuk explained.

He added that the Government had identified a mechanism for using budget funds within the framework of the Enterprise Development Fund. A number of tools will also be provided to ensure affordable loans.

As reported, the Government of Ukraine launches a financing program for small and medium-sized businesses at a reduced rate of interest and plans to start a tax reform in early spring.

ol

Related news

Ukraine exports 16 mln tonnes of wheat over six months – expert.

In the first half of the 2019/2020 marketing year, Ukraine exported about 16 million tonnes of wheat, Director General of UkrAgroConsult consulting agency Serhiy Feofilov has stated.

Ukraine's National Bank exploring possibility of issuing e-hryvnia.

Some 80% of the world's central banks today are working on digital currency, the official says.

EBA opposes bill on annual increase in share of domestic raw materials in cognac production to 85% in 2027.

The European Business Association (EBA) has called on lawmakers to reject bill No. 2431 on the mandatory use of domestic raw materials in production of cognac in Ukraine with the annual growth of the share of domestic raw materials to 85% from Jan...

1

President presents state grants to winners of first startup competition.

President of Ukraine Volodymyr Zelensky has participated in the award ceremony of the first grant contest of the Ukrainian Startup Fund.

1

Ukraine, EU intensify cooperation on adaptation of Ukrainian legislation in field of SPS measures.

Representatives of the competent authorities of Ukraine and the European Union discussed the current state of implementation of EU laws in the field of sanitary and phytosanitary measures in Ukrainian legislation in accordance with the Association...

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies