The government of Ukraine has announced a new economic strategy.
Monday, June 13, 2022

The government of Ukraine has announced a new economic strategy.

A total of 8 programs will be launched to create jobs through business support, government procurement, construction, lending, and employment of the unemployed. In particular, the program will include non-refundable grant aid to small and medium-sized businesses, support for Ukrainian producers, and the construction of new infrastructure. Prime Minister Denys Shmyhal talked about six grant programs for now:

  1. The first program is in the form of microgrants to start your own business.
  2. The second initiative is grants, not to be repaid, for equipment for the development of processing enterprises: woodworking, furniture production, production of clothing or accessories, building materials, agricultural processing, etc.
  3. The third initiative is a program in the agricultural sector that provides partial compensation for the cost of greenhouses.
  4. The fourth program is also related to the agricultural sector in the form of grants for planting new orchards and berries under co-financing from the state and businesses.
  5. The fifth program is aimed at the IT sector. The Ukrainian Startup Support Fund provides financial assistance for newly established companies to assist in current activities as well as acceleration programs.
  6. The sixth program will finance the training of 60,000 IT specialists. Ukrainians who want to qualify as a junior developer, graphic designer, or other technical specialties will be eligible.
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