Ukraine officially joins EU program for small and medium businesses COSME

Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs at the European Commission Lowri Evans and Ukraine’s representative in the European Union Mykola Tochytsky have signed an agreement on Ukraine’s participation in the program for small and medium-sized enterprises COSME.

“Ukraine has officially joined the European program on the support of small and medium-sized businesses COSME,” reads a report posted on the official Economic Development Ministry’s website.

According to the ministry, COSME (2014-2020) is the European Union’s program aimed at strengthening competitiveness and stability of small and medium-sized enterprises. The program’s overall budget totals 2.3 billion euros.

“The program supports projects in various spheres that, in particular, ease the access to foreign markets, improve conditions for competitiveness, create better culture of doing business, clusters, tourism, reduce the administrative pressure on companies and protect intellectual property rights for companies operating in the countries that are not EU members,” reads the report.

By Ukrinform