SMEs
News for and about small and medium-sized enterprises, a sector under siege, sometimes literally, and often overlooked.
Ukraine's small firms emerge as key drivers of trade resilience under war and pandemic, study finds
Small and micro-sized Ukrainian businesses emerged as some of the country's most resilient traders during both the COVID-19 pandemic and Russia's full-scale invasion, while large companies struggled to translate their scale into productivity gains, according to a new study.
EBRD to partially cover credit risk on ProCredit Bank Ukraine's €70 million in loans to local businesses
The European Bank for Reconstruction and Development (EBRD) will partially cover ProCredit Bank Ukraine (PCBU)'s credit risk on €70 million of new loans for Ukrainian businesses.
Polish development bank launches PLN 250 million loan program to back local firms joining Ukraine's reconstruction
The Polish state development bank, Bank Gospodarstwa Krajowego (BGK), said it will provide a total of PLN 250 million ($65 million) to three local financial partners for on-lending to local companies that want to take part in Ukraine's reconstruction. The funding was made available to BGK by
Swiss government agency calls for proposals to join Ukraine's reconstruction in CHF 500 million program
The State Secretariat for Economic Affairs of Switzerland (SECO) will on Jan 30 issue a call for proposals for Swiss companies operating in Ukraine to apply for co-funding of projects contributing to Ukraine's reconstruction and economic recovery under a previously announced CHF 500 million ($552 million) program.
EBRD lends €20 million to ProCredit Bank Ukraine for on-lending to SMEs
The European Bank for Reconstruction and Development (EBRD) said it is providing a €20 million local currency loan to ProCredit Bank Ukraine for on-lending to local small and medium-sized enterprises (SMEs). The loan, supported by up to 10% interest rate subsidy from the European Union, will help Ukrainian
Norway, Germany to launch €2 million grant program to support energy resilience of Ukrainian businesses
Norway and Germany will launch a €2 million grant program in December to support energy sustainability of Ukrainian micro and small businesses, Ukraine's finance ministry said. Under the program, entrepreneurs will receive grants to purchase energy-efficient production equipment, equipment for autonomous energy sources and storage, as well
Lviv SMEs shape demand for city's office space, CBRE analysis finds
Local small and medium-sized companies in Ukraine's western city of Lviv are driving demand for office space in the city, with these tenants choosing small areas that do not require additional capital investments and are ready for use, an analysis by real estate firm CBRE ukraine found.
Women started 59% of all new businesses in Ukraine so far this year, received 61% of startup micro-grants
Women have been responsible for opening 59% of all new businesses in Ukraine so far this year, an increase from 56% last year, said Ukrainian Economy Minister Yulia Svyrydenko. At the same time, women received 61% of all grants under the government's Vlasna Sprava (Own Business) micro-grant
World Bank to launch $593 million program to support Ukrainian SMEs
The World Bank said it will launch a $593 million private sector development program in Ukraine to support 20,000 small and medium-sized enterprises (SMEs). The Resilient, Inclusive, and Sustainable Enterprise (RISE) program will boost the efficiency of state support to SMEs with a focus on green competitiveness and
New York-based entrepreneur support network Endeavor opens Ukraine office
The New York-based global entrepreneur network Endeavor has opened an office in Ukraine, it said in a post on LinkedIn on Thursday. "Endeavor Ukraine will select and support high-impact entrepreneurs, connecting them with a global network of mentors and investors, whether they're in Ukraine or
