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Ukraine sets up SME Development Office with EU support

November 6, 2018

Ukraine has launched the Small and Medium-Sized Enterprise (SME) Development Office, set up with the support of the EU under its EU4Business initiative.

Operating as an advisory body within the Ministry of Economic Development and Trade of Ukraine, the SME Development Office (SMEDO) is to become the main institution in charge of entrepreneurship promotion, acting as the key engine for increasing the competitiveness of SMEs in the country.

The key mandate of the SMEDO is to develop targeted SME support programmes and to enhance entrepreneurial capacities and skills, facilitate access to finance and support the development of institutional infrastructure for SMEs. Additionally, SMEDO will help to coordinate SME policy implementation in the country, strengthen cooperation with donors, as well as provide access to information through a dedicated SME information portal.

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