Business news from Ukraine

Business news from Ukraine

Ukrainian Red Cross has issued nearly UAH 50 mln in microgrants to Ukrainians to help them rebuild their small businesses

Nearly 480 household owners have received microgrants from the Ukrainian Red Cross (URC) to develop or rebuild their own businesses.

“The Ukrainian Red Cross continues to support people who are striving to rebuild their lives and secure a stable income. As part of the “Reboot: Expanding Employment Opportunities” program, 478 household owners have already received UAH 47.8 million in microgrants to implement their own business plans,” the Communications and Marketing Department of the National Committee of the Red Cross Society of Ukraine reported on Wednesday.

The program participants were people who suffered from the war, in particular due to the loss of their jobs, homes, or businesses.

The selection of participants took place in two stages. The first wave of the competition ended in July this year and covered eight regions and the city of Kyiv. The second wave was held in Vinnytsia, Ivano-Frankivsk, Kirovohrad, Lviv, Mykolaiv, Poltava, Ternopil, Cherkasy, and Khmelnytskyi regions, as well as in Kyiv.

The supported businesses operate in various fields, including: repair services and workshops; the beauty industry – hairdressing, cosmetology, and manicure services; public catering – cafes, bakeries; manufacturing and trade – plumbing, construction, and children’s goods; educational services, children’s rooms; animal husbandry, beekeeping, and plant growing.

The UCC’s “Reboot” program is implemented with the support of the Spanish, Danish, and Swiss Red Cross.

The program has been in operation since 2024 and aims to support micro-entrepreneurship among internally displaced persons, veterans, their family members, and representatives of other vulnerable population groups.

Source: https://interfax.com.ua/

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Cabinet of Ministers has financed microgrant program “Own Business”

The Cabinet of Ministers of Ukraine has allocated 33.3 million UAH to finance the micro grants program “Own Business”.
“Owing to the funds allocated today, about 150 people will receive micro grants to start or expand their own business. Hundreds of new working places will be created. This is very important for the recovery and development of the economy and for overcoming the problem of unemployment in the country”, – the government press service quotes the first vice prime minister – Minister of Economy Yulia Sviridenko.
It is noted that as of November 4, 14.6 thousand grant applications on four grant programs of the project “eRabota. There have already been 2 131 positive decisions totaling 1.8 billion UAH. In particular, 1 911 positive decisions were made under the program “Own Business”; 167 – under the program “Recycling”; 53 – under the programs “Garden/Greenhouse”.

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