Ukraine and the EU signed the agreement on allocation of 55 million Euro business

Ukraine and the European Union signed on Thursday a Memorandum of understanding in respect of EU programmes to support small and medium businesses, which provided for the allocation of 55 million euros.

The document on Thursday in Kiev was signed by the Minister of economic development and trade of Ukraine aivaras Abromavicius and the European Commissioner for neighbourhood policy and enlargement negotiations Johannes Hahn.

"at the state level, this program will give us the opportunity to do the law, which will be favorable to the development of small and medium businesses," said Abromavicius. According to his statement, this project will be implemented in fifteen regions of the country, which will set up centres of business support.

for its part, Khan said that due to this program, the total amount of grants provided by the EU in Ukraine this year will amount to 200 million euros." Today (Thursday) there is a high probability that the Verkhovna Rada will ratify the Memorandum of understanding in respect of the 3rd package of macro-financial aid totaling $ 1, 8 billion euros, " - said the Commissioner.

He added that the EU and its financial institutions have mobilized approximately 6 billion euros in the form of loans and grants this year alone.

The European Commission (EC) on may 21 launched a program of financial support of small and medium business in Georgia, Moldova and Ukraine - countries which have concluded with the EU Treaty on free trade. The story is about the allocation of those countries ? 200 million in the form of grants from the EU budget over the next 10 years. The EC expects that these funds will allow enterprises to attract investments worth More than 2 billion euros.


sections: Politics