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The Ukrainian Government continues to support small and medium businesses

26.11.2013 08:02 "Agro Perspectiva" (Kyiv) — A microcredit program on preferable terms for small and medium enterprises (SME’s) is now implemented in Ukraine, Mykola Azarov Official Website reports . The Ministry of Economic Development reported that the Government was now actively working on the formation of the state support for businesses, including finance and credit assistance. A draft State Support Program for SME’s for the years of 2014–2024 has been prepared and submitted to the Cabinet of Ministers. This will gradually introduce in Ukraine the new types of financial assistance to businesses, namely, a partial compensation of the interest rates on loans provided under business projects, compensation of lease payments, and extension of microcredit programs as well as the development of the appropriate infrastructure support. In the process of creation is the Institute of monitoring business environment, whose main function will be to identify systemic causes of violations of the rights of enterprises and to process the complaints of the businesses. In addition, the work on the establishment of clear and transparent rules to ensure equal and competitive business environment concerning the unshadowing and corruption therapy continues. The Interagency Commission for protection of investors’ rights and counteraction against the absorption and capture of businesses has resumed its work. It was declared by Mykola Azarov on several occasions: «We need to continue improving tax and customs procedures. The entire regulatory system should become solely risk-oriented and any checks and permitting restrictions should be 200% valid and justified. And the regulatory authorities should be severely punished for their mistakes so that they know how to restrict the economic freedom.»

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26.11.2013
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