The European Fund for Southeast Europe (EFSE), in collaboration with the state bank “Ukrgazbank,” has launched a new program to support Ukrainian entrepreneurs. Thanks to this initiative, €20 million will be allocated through the Ukraine Subfund (USF) in the form of a long-term credit line in hryvnia equivalent.
This is reported by Business • Media
Financial Support for Affected Regions and Social Groups
The program places a special emphasis on assisting businesses in regions that have been most affected by Russia’s military aggression, as well as entrepreneurs from socially vulnerable groups. This includes women and veterans, who will receive enhanced access to financing opportunities for developing their own businesses.
Long-Term Loans and Grants for Ukrainian Entrepreneurs
The credit line provided by EFSE will be complemented by grant support, which will not only meet the current financial needs of entrepreneurs caused by the war but also encourage their active involvement in the country’s economic recovery process. The program aims to provide comprehensive support to small and medium-sized enterprises, stimulating long-term growth and economic resilience.
“Ukrgazbank” will direct EFSE USF funding towards important, promising investments that will contribute to the inclusive economic revival of Ukraine.