Ukraine launches the SME 2020 Strategy development process to boost a sustainable business environment in the country

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The small and medium size enterprises (SMEs) are the driving force and the backbone of the European economy; they are critical in creating sustainable jobs, leading to growth and prosperity. Although in Ukraine the SME make up 99.9% of all registered enterprises in the country, there are limited possibilities for growth and competitiveness. All the stakeholders involved recognise that the situation of SMEs in the economy requires immediate and swift improvement. Only by providing the SME sector with the opportunity to unleash its full potential, can the country be set on its path to sustainable and inclusive economic growth.

To mark the launch of a comprehensive and viable SME 2020 Strategy development that will serve as a roadmap towards improved business environment, the Ministry of Economic Development and Trade of Ukraine (MEDT) commenced the stakeholder consultations on 17 November 2016. The development of the Strategy is underpinned by broad-based participatory approach and involvement of business community. The development of the Strategy is supported by the FORBIZ project within the EU4Business initiative. The stakeholder consultation on 17 November was launched by Stepan Kubiv, First Vice Prime Minister of Ukraine and Thomas Frellesen, Chargé d’Affaires of the Delegation of the European Union to Ukraine.

Recognising the critical role of the SME sector in the economic growth, the EU Delegation to Ukraine supports the development of comprehensive and participatory SME 2020 Strategy of the Ukraine’s government via the EU4Business initiative. We welcome the joint, collaborative work of the Government and Ukrainian business community in defining the priorities and the best development scenario for improved SME environment in the country”, Thomas Frellesen, Charge d’Affaires of the Delegation of the European Union to Ukraine.

Although there have been some attempts to draft a SME Strategy in the past, the key to the success of SME 2020 Strategy development commenced by the MEDT is their focus on comprehensive and deeply analytic approach, compliance with the Small Business Act (SBA) and close involvement of the SME stakeholders – both public and private. It is important to emphasize that the business consultations for the first time have become an integral part of the SME Strategy development process.

The discussion between the Government and over 100 business community representatives on 17 November kick-started the round of consultations. It illustrates the first successful step in joint and collaborative approach to the SME Strategy development in Ukraine. Furthermore, the business community is involved in setting the country’s SME agenda that includes such important issues as access to finance, export opportunities and DCFTA, innovation and competitiveness, SME development in the regions and enhancement of entrepreneurial culture and skills.

The Public consultation on the Strategy priorities is taking place in support of the European SME Week, held in Ukraine for the first time. It denotes  Ukraine’s commitment to  SME development and demonstrates EU support towards sustainable SME development in the country.

The Stakeholder Consultation on 17 November kicks off a range of consultation events that are taking place from November 2016 till January 2017 and it underpins the development of the SME 2020 Strategy in Ukraine.

The Strategy will be accessible on the website of the Ministry of Economic Development and Trade, as of 30 November 2016.medtua

For any additional information, please, contact Aiga Nebare via e-mail: aiga.nebare@gfa-group.de or tel: +380 (50) 520 42 93.

 

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