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Amidst ongoing economic hurdles, the Ukrainian government is escalating its efforts to reinforce the backbone of its economy - the small businesses. Recent legislative actions signal a positive stride towards substantial state support through enhanced grant and loan programs. Particularly notable is the extension of the program aimed at compensating agricultural businesses and additional aid for entrepreneurs during the toughened quarantine periods via the Diia portal.
Another critical development saw the Verkhovna Rada approving a law for one-time assistance to support entrepreneurs during lockdowns. Simultaneously, street protests in Kyiv echo the urgent public demand for more accessible government interventions and equitable regulations. On the international front, the EU has allocated €105M, underscoring significant foreign confidence in Ukrainian small businesses and economic reforms. These concerted efforts are not only aimed at immediate relief but also at securing a resilient future for Ukraine’s entrepreneurial initiatives.
Another critical development saw the Verkhovna Rada approving a law for one-time assistance to support entrepreneurs during lockdowns. Simultaneously, street protests in Kyiv echo the urgent public demand for more accessible government interventions and equitable regulations. On the international front, the EU has allocated €105M, underscoring significant foreign confidence in Ukrainian small businesses and economic reforms. These concerted efforts are not only aimed at immediate relief but also at securing a resilient future for Ukraine’s entrepreneurial initiatives.
