OREANDA-NEWS. The German-Ukrainian Fund (GUF) is ready to invest EUR 18 million in development of small and medium enterprises in Ukraine. It was stated by Director of Financial Controlling Department of the NBU, who is also the Acting Executive Director of the German-Ukrainian Fund, during working meeting in the Ministry of Economic Development and Trade.

“NBU supports governmental Strategy for SME Development-2020. I’m glad that the Ministry and representatives of the EU engaged GUF to implement this strategy with respect to improvement of access of enterprises to financing. Capitalization of the Fund fully allows it to become an effective national instrument for financing SME in Ukraine through attracting external credit lines under low interest rates and financing of banks-partners for lending target directions of SME development”, stated Mr Oleh Strynzha, Director of Financial Controlling Department of the NBU and Acting Executive Director of GUF.

According to Mr Oleh Strynzha, currently NBU is carrying out a planned revision of the Comprehensive Program for the Development of Ukraine's Financial Market Until 2020. Updated Program will include task on recommencing lending, which will unite the range of events on facilitating the receipt of financing for Ukrainian business as well as resolution of issue of enterprises bad loan.

Please note that on 17 November 2017 Ministry of Economic Development and Trade of Ukraine presented the Strategy for Development of Small and Medium Enterprises in Ukraine until 2020, which was developed with the support of the European Union. Strategy called for elevating the role of SME in Ukrainian economy will be focused on six key areas: deregulation, facilitation of SME access to financing and tax administration, rise in popularity of entrepreneurship, engaging SME to external economic activities, and ensuring its innovation.