Ukrainian govt to launch program of loans for small, medium businesses, - PM

Source : 112 Ukraine

They will be provided under state guarantees
18:41, 29 April 2020


Ukraine’s Cabinet of Ministers will launch a program of loans for small and medium-sized businesses under state guarantees. Prime Minister Denys Shmygal announced this at a meeting that was broadcasted by 112 Ukraine TV channel.

"The government will propose changes that will make it possible to get loans from banks under state guarantees. That is, if an entrepreneur is unable to showcase a level of income because he did not work during the lockdown, he will still be able to obtain funds. The state will be the guarantor," Shmigal said.

Related: Zelensky decided to support small and medium-sized businesses during coronavirus epidemic

As we reported earlier, the protest of entrepreneurs takes place next to the building of the Cabinet of Ministers in Kyiv.

“We want to work. Now all entrepreneurs stay at home in quarantine for 1.5 months and nothing takes place. We see how big business works. We see that the laws are equal for cronies. Consequently, we came here to claim our rights for work. We want to lift the quarantine with restrictions. We are ready to observe all demands, secure our workers and us from the possibility of infection. But we do not have money now; nobody provides credits,” the businessman said.

Related: Ukraine's economy in freefall: New authorities make it worse?


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