Government Support for Ukrainian Business

by Olha Povaliaieva
Saturday, March 19, 2022
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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