EU provides EUR 105M to Ukraine to support SMEs, small farms and reforms implementation

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Open source

On July 13, 2020, Olha Stefanishyna, Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine on behalf of the Ukrainian Government countersigned three financing agreements between the European Union and Ukraine under the 2020 Annual Action Program for Ukraine.

The EUR 105 million package aims to support Ukrainian small and medium-sized enterprises (SMEs), agriculture and small farm development and Ukrainian public authorities in implementation of key reforms and the EU-Ukraine Association Agreement, including the Deep and Comprehensive Free Trade Area (AA/DCFTA). These programs will also contribute to the mitigation of the socioeconomic impact of coronavirus in Ukraine and ensure further support to the health sector.

“Continued cooperation on Ukraine’s reform agenda as well as solidarity in the face of the global coronavirus crisis are particularly important in these difficult times. That is why the EU allocates EUR 105 million in favour of Ukraine within our Annual Action Programme 2020. This package will include three priority actions, namely, support to Small and Medium Sized enterprises, small farms and assistance to the Ukrainian comprehensive reform programme, including with regard to the health system. It is part of our coronavirus response package for Ukraine which, in total, amounts to EUR 190 million,” Matti Maasikas, Ambassador, Head of the EU Delegation to Ukraine said.

Read also: EU sees Ukraine as priority partner of European Hydrogen Strategy.

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