Government Support for Ukrainian Business

by Olha Povaliaieva
Saturday, March 19, 2022
1 MIN
Government Support for Ukrainian Business

How the state helps its entrepreneurs during the war

On March 18, Volodymyr Zelenskyy named several tools for balancing economic stability in the country.

▪️ The government has expanded the lending program for entrepreneurs. Any business can get a loan at 0% during martial law plus 1 month after the war. Then there will be a minimum rate of 5%. The total loan amount can be up to 60 million hryvnias;

▪️ On March 19, the cabinet of ministers will vote for a large-scale reduction of regulations. There have been more than 600 business permit licenses, and about 20 remain (those that cannot be revoked, such as radioactive waste management regulations);

▪️ The president instructed the National Bank to find such a legislative opportunity for the state to guarantee 100% of deposits in Ukrainian banks.

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