In 2020, the program "Available Loans at 5-7-9" was improved. The business has already been financed about UAH 17 billion. A new instrument has also been introduced - portfolio credit guarantees - for which the budget provides for an amount of UAH 5 billion.
“Business lending is the main guarantee of economic growth. This year, the 5-7-9 business support program was a great success. The business has already got financing worth UAH 17 billion. The Government has also adopted a resolution to extend the program for next year and is considering the possibility of expanding it,” said Ihor Petrashko, Minister of Economic Development, Trade and Agriculture of Ukraine.
Moreover, the Minister informed about the state of implementation of 3 new business support programs during the intensified quarantine:
• assistance to sole proprietors and employees - UAH 8,000 (number of applications - 424,159, amount of payments - UAH 3.4 billion);
• assistance to employers - up to UAH 8,000 (submitted more than 7,000 packages of documents for 158,000 employees. The amount of payments – UAH 651 million, paid - 100%);
• USC compensation (number of applications – 1,209, amount of payments – UAH 204 million).
"These three quarantine programs, which were launched at the end of the year, will give a good incentive effect for the beginning of next year," the Minister added.