May 10, the Cabinet of Ministers of Ukraine adopted the Action Plan for the implementation of the developed by the Ministry of Economic Development and Trade Strategy for the Development of Small and Medium-Sized Enterprises (SMEs) in Ukraine for the period up to 2020.
"There are almost 2 million small and medium-sized enterprises operating in Ukraine producing more than a half of the country's gross domestic product. The Government and the Ministry of Economic Development and Trade are well aware of the importance of supporting and promoting the development of this sector of the economy. It was for this purpose that we adopted the Strategy for the Development of Small and Medium-Sized Businesses. In its turn, the endorsed plan is called to intensify and increase the efficiency of the Government's work on the implementation of the directions envisaged in the Strategy", said the First Vice Prime Minister/Minister of Economic Development and Trade of Ukraine Stepan Kubiv.
The relevant Plan provides for the implementation of a number of tasks:
creation of a SMEs portal on the basis of the official website of the Ministry of Economic Development and Trade;
establishment of the SMEs Development Office within the Ministry of Economic Development and Trade;
implementation of a pilot project on partial loan guarantee for SMEs;
implementation of a pilot project for the creation of a regional network of centers for supporting entrepreneurship;
introduction of SME development programs in accordance with the priorities of other strategic and program documents;
improvement of the regulatory procedures that regulate the activities of SMEs.
Pursuant to the Government's decision, ministries and other central executive authorities responsible for implementation of the plan must report quarterly to the Ministry of Economic Development and Trade on the status of implementation of the plan of objectives set forth in the document.
The Strategy for the Development of Small and Medium-Sized Enterprises in Ukraine for the period up to 2020 is a strategic document containing a number of directions aimed to create a favorable environment for the development of this sector, to increase access to finance, to simplify tax administration, to promote entrepreneurial culture and develop entrepreneurial skills, enhance competitiveness and innovation potential of SMEs.