Thursday, January 14, 2016

Ukraine joins the EU program for small and medium businesses COSME

At its meeting the Government took the decision to sign the agreement with the European Union on the participation of Ukraine in the EU "Competitiveness of small and medium enterprises (COSME) (2014 - 2020)".
COSME is a leading EU programme with a budget of 2.3 billion euros, aimed at creating favorableconditions for development of small and medium enterprises (SMEs) and is implemented in the framework of the strategy «Europe 2020».
The accession of Ukraine to the program will contribute to the development of Ukrainian business environment, analytical and advisory services related to export-import activities of the enterprises. It will also expand trade and economic relations, as well as harmonize Ukrainian legislation in the sphere of small and medium enterprises to the European standards and improve conditions and culture of doing business.

The programme envisages the participation of Ukraine in the following components:
-       improving the access of SMEs to markets; This component foresees the  advisory and analytical services related to the accompaniment of export-import activities of enterprises, internationalization and expansion of trade and economic ties.
-       improving the regulatory conditions for the functioning of SMEs; The component aims at identifying and removing the unnecessary regulatory barriers in the internal EU market. Furthermore, it focuses on implementation of the Small Business Act for Europe in third countries, providing a network of Commissioners on SMEs (SME Envoys), as well as on the participation of third countries in SME Envoy work by creating sectoral working groups to exchange experiences between the relevant public authorities and stakeholders.
-       the creation of a better culture of doing business. The component is implemented through diverse training and educational programmes (including funds under the "Erasmus for entrepreneurs" programme). It foresees sectoral workshops, seminars, exchange programmes, internships, etc.



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