News for and about small and medium-sized enterprises, a sector under siege, sometimes literally, and often overlooked.
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.
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.
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
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.
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 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
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 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
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
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
