Business news from Ukraine


The US Agency for International Assistance (USAID) is launching a 5-year, $45 million project to strengthen Ukraine’s healthcare system, US Ambassador to Ukraine Bridget Brink said.
“This assistance will include crisis response, mental health services and more in line with First Lady (Elena) Zelenska’s Mental Health Initiative,” Brink tweeted following a meeting with Health Minister Viktor Lyashko.
Earlier on Tuesday, Ukraine also received a $1.7 billion grant from the United States through USAID to support the Medical Guarantee Program (SGP), in particular, to pay salaries to doctors.
According to the USAID website, the agency has provided $4 million in direct budget support to the government of Ukraine. These resources have helped the Ukrainian government continue to perform essential functions, such as providing gas and electricity to hospitals, schools and other critical infrastructure, supporting the delivery of humanitarian supplies citizens and continue to pay the salaries of civil servants and teachers. weiterhin wichtige Funktionen zu erfüllen, wie die Versorgung von Krankenhäusern, Schulen und anderen kritischen Infrastrukturen mit Gas und Strom. die Lieferung von humanitären Hilfsgütern an die Bürger zu unterstützen und weiterhin die Gehälter von Beamten und Lehrern zu zahlen.



The official presentation of the project “Governance and Local Accountability (Hoverla) Activity” with a budget of $74 million, funded by the United States Agency for International Development (USAID), took place in Kyiv.
“After the successful local elections in 2020, when Ukrainians elected representatives of their newly united regions and communities, now is the time to start a new phase in decentralization. Decentralization reform can ensure that all levels of Ukraine’s leadership represent the best modern democratic practices,” U.S. Charge d’Affaires in Ukraine Kristina Kvien said at the project presentation in Kyiv on Monday.
She said that one of the key next steps in decentralization is to adopt an amendment to the Ukrainian Constitution. “This is a long debated step and I encourage you all to work together to complete it,” Kvien said.
In turn, Prime Minister Denys Shmyhal confirmed that for the irreversibility of the reform, it is important to introduce and consolidate in the Constitution of Ukraine the appropriate changes regarding a new model of local government, the territorial organization of power, built on the principles of decentralization and subsidiarity.
“Regarding the government’s action program in decentralization, I want to say that in order to complete the reform, the government is introducing a number of important measures to decentralize power and reform local government. Relevant bills for their implementation are already being developed,” he said.
According to the head of government, we are talking about the delineation of powers and the creation of appropriate material financial conditions for their implementation, reformatting local government administrations into prefectural-type agencies, improving the forms of inter-municipal cooperation as an effective mechanism for cooperation of territorial communities, introducing a new municipal service, improving the forms of attracting residents to making managerial decisions and determining the procedure for resolving issues of the administrative territorial structure.
“The government focuses on strengthening the institutional and financial capacity of communities and their development,” Shmyhal said. The prime minister said the pilot areas of the project have already been selected, Volyn, Lviv, Poltava, and also add there is a need to expand the geography of the project to other regions and other communities.
Chief of the Hoverla project Gabriel Abraham said the project has already identified the first 25 partner communities from Lviv, Poltava and Volyn regions.
“During the implementation of the project, Hoverla plans to use replicable models and mechanisms to increase support for two more communities with the involvement of partners, associations of local government, other civil society actors and government agencies,” he said.
Abraham said the project is designed for five years, until 2026. “The activities of Hoverla are based on three principal goals. The first goal is to support policies and laws. The second goal is to support local officials. The third goal is to support the interaction of citizens with their officials,” the project manager said.

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USAID Agriculture Growing Rural Opportunities (USAID Agro) and the National Association of Agricultural Advisory Services of Ukraine will create the online resource center “Best agricultural practices for micro, small and medium-sized enterprises (MSME)” to provide its participants with knowledge about modern agricultural technologies in a number of agricultural sectors.

USAID Agro wrote about the agreement signed on September 1 to create this online project on Facebook.

“The resource center will provide agricultural MSMEs with practical knowledge and an indicative base about modern agricultural technologies in Ukraine and the world that can be introduced in the horticultural sector, livestock, aquaculture, poultry (except for chickens), in the production of confectionery and craft products,” the report says.

The project will become a communication platform where successful farmers will share their achievements with their potential followers. For this, Internet technologies, social networks will be used, educational webinars, meetings, fairs and conferences will be held, the “Best agro-practices” bulletin will be published.

It is specified that state and local authorities, public organizations, associations, scientific organizations and agricultural journalists are invited to participate in the project.

The beneficiaries of the project will be farmers from all over Ukraine, in particular, the target areas of the USAID Agro project are Dnipropetrovsk, Zaporizhia, Mykolaiv, Odesa, Poltava, Kharkiv, Kherson, and Cherkasy regions.

“The resource center will give a new impetus to the development of agricultural consulting, in particular, for the cooperation of advisers with farmers, institutions of agricultural science and education, research and design institutes, associations,” the organization summed up.

The National Association of Agricultural Advisory Services of Ukraine is an association of agricultural advisers and advisory services promoting modern management and production technologies at the MSME level, as well as implementing a number of projects related to the application of modern approaches to agricultural production.



June 10, 2021 — Gazelle Finance, as part of its expansion strategy targeting Eastern Partnership countries along the eastern border of the European Union, is launching its operations in Ukraine. USAID’s Competitive Economy Program (CEP) and Economic Resilience Activity (ERA) have recently begun supporting Gazelle Finance in this initial effort.
Since 2017, Gazelle Finance, through its first impact investment fund Gazelle Fund I, has invested over $25M in 35 high-growth small and medium enterprises (SMEs) in the Eastern Partnership countries of Georgia and Armenia. With the addition of Ukraine to Gazelle Finance’s next impact investment fund, the Gazelle Finance Eastern Partnership Growth Fund II, the company will expand its SME market by ten-fold.
“USAID has a long and successful track record of supporting the development of capital markets in the region,” said USAID/Ukraine Mission Director James Hope. “We are excited about the launch of Gazelle Finance in Ukraine. It will address a key underserved market segment – the missing middle of SMEs – through an innovative tool with the potential to help a new generation of entrepreneurs to compete and thrive across diverse sectors.”
Since 2018, USAID has had two large-scale economic development programs in Ukraine — CEP, which operates country-wide, and ERA, which is focused on the government-controlled areas of Donetsk and Luhansk Oblasts in addition to the Sea of Azov region in Zaporizhzhia Oblast. Key objectives of these programs include supporting new markets, improving the competitiveness of SMEs, and increasing the inflow of investments, which includes the development of the private equity and venture capital ecosystem to accelerate foreign direct investment into the country.
“An important objective of ERA is to attract institutional investment capital and know-how transfer to support SMEs in the conflict regions of eastern Ukraine, including Mariupol, Kramatorsk, and Severodonetsk,” said Michael Pillsbury, Chief of Party of USAID ERA. “Most SMEs in these regions lack the necessary collateral to secure bank financing, so Gazelle Finance’s innovative quasi-equity financial instruments, blended with value-add advisory services and know-how transfer, will provide a critical financial instrument alternative that otherwise does not exist in the marketplace today.” — added Volodymyr Cherviakov, ERA Investment Lead.
“The investment potential in Ukraine is largely untapped. With its strategic position on the eastern border of the European Union, a burgeoning IT sector, and other competitive industries, the country is poised for sustained economic growth,” said David Anderson, Chief of Party of USAID CEP. “Gazelle Finance’s entry into Ukraine plays an important role in providing growth capital to SMEs across the supply chains of Ukraine’s high growth sectors, which will generate high-paying jobs, facilitate import substitution, and accelerate hard currency denominated exports.”
Gazelle Finance
Gazelle Finance is an investment company that finances high-growth small and medium size enterprises in the Eurasia Region. The company seeks to identify gaps and barriers in frontier capital markets and provide a combined financing and business advisory solution to ambitious entrepreneurs. By investing and partnering with these entrepreneurs, Gazelle Finance helps local markets and economies to expand, while generating commercial returns for its investors. For additional information, please contact Natia Mariamidze at: +995 32 2 243 432 or via e-mail:
USAID is the world’s premier international development agency and a catalytic actor driving development results. USAID’s work demonstrates American generosity, promotes a path to recipient self-reliance and resilience, and advances U.S. national security and economic prosperity. USAID has partnered with Ukraine since 1992, providing more than $3 billion in assistance. USAID’s current strategic priorities include strengthening democracy and good governance, promoting economic development and energy security, improving health care systems, and mitigating the effects of the conflict in the east. For additional information about USAID in Ukraine, please visit our website: or on Facebook at
The USAID Economic Resilience Activity (ERA) is a six-year program (2018-2024) that supports the development of a resilient, inclusive, and growth-oriented economy in eastern Ukraine. In the wake of the conflict in eastern Ukraine, ERA is empowering eastern Ukrainians to establish livelihoods and businesses in promising economic sectors, and to expand to new markets across Ukraine, the European Union (EU), and other international markets. ERA emphasizes including internally displaced persons, women, young adults, Roma, and other under-represented groups among its beneficiaries to ensure that they also share in the region’s economic success. For more detailed information about ERA, please write to or visit the Facebook page:
The USAID Competitive Economy Program (CEP) is a five-year program (2018-2023) that promotes a strong, diverse, and open economy by increasing the competitiveness of startups and SMEs in Ukraine. This includes increasing the competitiveness of Ukrainian products in foreign markets through improvements in the business-enabling environment, with a focus on emerging industries, investment and access to finance, exports, and trade facilitation. For more detailed information about CEP, please visit its Facebook page:



The United States announced that it will provide $155 million in additional development funding to Ukraine through the U.S. Agency for International Development (USAID) to improve the lives of the Ukrainian people, the U.S. Embassy in Ukraine said on Tuesday.
“The additional resources will be used to address key development challenges in Ukraine, including: support economic growth and improve health of Ukrainians some $34 million; enhance anti-corruption efforts some $14 million; counter Russian aggression some $63 million; strengthen democracy and governance some $44 million,” the embassy said in the statement.
The first article provides support of Ukraine’s recovery from coronavirus (COVID-19) pandemic by improving essential health services; improvement of transparency and expansion of economic opportunities in energy, agriculture and finance to increase investor confidence, attract investment and improve economic investment in the agrarian sector.
Enhancing anti-corruption measures includes strengthening reforms and safeguard anti-corruption institutions to counter entrenched interests and ensure all of Ukraine’s resources benefit the Ukrainian people; reducing corrupt practices in the health sector and facilitate Ukraine’s purchases of vital medicines to reduce informal payments by patients and provide access to less expensive, quality medicines; supporting the continued development of online e-government platforms that simplify access to services and streamline how Ukrainians receive their pensions, unemployment benefits, and more.
Countering Russian aggression are planned to be used to human rights and ensure access to justice for the Ukrainians affected by Kremlin-backed aggression in the Crimea and Donbas; reduce Ukraine’s energy and economic dependence on Russia by advancing connections to Europe’s energy grid and strengthening businesses in the East; expand citizen access to high-quality, unbiased information to counter malign influence and disinformation, support European integration, and strengthen democratic processes.
Strengthening democracy and governance involves expanding judicial reform; strengthening consolidated communities and expand quality service provision to their residents to advance Ukraine’s decentralization reform efforts; encouraging youth leadership and innovation.

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The United States Agency for International Development USAID will provide Ukraine with special refrigerators necessary for transporting and storing the Pfizer vaccine, the press service of the U.S. Embassy in Ukraine said.
“To support Ukraine’s national response, USAID is helping prepare for Pfizer and other approved vaccines by providing direct support for ultra-cold chain storage/transportation and supporting public communications efforts to provide accurate information about vaccines,” the message reads.
As reported, Ukraine signed an agreement with the American pharmaceutical corporation Pfizer for the supply of 10 million doses of vaccine against COVID-19, which was agreed in February by Ukrainian President Volodymyr Zelensky and chief executive officer of Pfizer Albert Bourla.

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