Over UAH 40 billion has been earmarked in the state budget for business support and economic stimulus programmes. This was announced by Prime Minister Denys Shmyhal at a Government meeting on 30 January.

“Since the beginning of the full-scale war, we have significantly updated the 5-7-9 programme and refocused it on small and medium-sized businesses. Under this programme, more than 45,000 affordable loans worth UAH 182.6 billion have already been granted to entrepreneurs,” the Prime Minister said.

In addition, last year 13,600 loans worth almost UAH 45 billion were granted on a portfolio basis thanks to the instrument of state guarantees.

“Another area is grant support under the eRobota programme. Here the state has invested more than UAH 6.5 billion in business development. The micro-grant component accounts for almost half of these funds,” the Prime Minister said.

According to Denys Shmyhal, 13,500 entrepreneurs have received UAH 3 billion to start and develop their own businesses. As a result, up to 25,000 jobs have been created.

About UAH 3.3 billion has also been allocated to processing companies. According to the Prime Minister, this will increase the share of added value in Ukrainian products and change the structure of exports.