The development of small and medium-sized businesses would give a serious impetus to the development of the Ukrainian economy, Head of Press of the EU Delegation to Ukraine Jurgis Vilcinskas said at a workshop on cooperation between Ukroboronprom state concern and small and medium-sized businesses.
“The small and medium-sized businesses in Ukraine produce three times lower GDP than in the EU. If their potential is fully unlocked, it would be a major boost for the economy,” Vilcinskas said.
According to the EU Delegation to Ukraine representative, Europe proposes three units of assistance to Ukraine, which will make small and medium-sized businesses able to meet competition.
“The first unit is the macro level assistance so that businesses could enter the world markets, which have opened after the agreement with the EU was signed. The second unit is consulting and the third is access to the credit lines,” Vilcinskas said. (Ukrinform/Business World Magazine)