A Strong Economy Is One of the Key Components of Victory – Kyrylo Budanov Chaired a Meeting of the Council for Entrepreneurship Support

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Under the chairmanship of the Head of the Office of the President of Ukraine, Kyrylo Budanov, a meeting of the Council for Entrepreneurship Support took place. It was attended by Prime Minister Yuliia Svyrydenko, government officials, deputy heads of the Office of the President, and business representatives.

"Supporting entrepreneurship is not about comfort; it is about the competitiveness of the state. A strong economy is not the result of victory but one of its key components. Already today, we must not only think about stabilizing the economy but jointly shape a model for its further development," the Head of the Office of the President emphasized.

Kyrylo Budanov noted that Ukraine is in global competition for capital, investment, and entrepreneurs, competing not only with the risks posed by the war but also with other countries.

"Ukrainian businesses are already operating under conditions of gradual entry into the Western market, with new rules, standards, and requirements - and, unfortunately, new challenges. Our task is to ensure that this process opens up new opportunities for businesses rather than creates additional barriers," the Head of the Office of the President noted.

Yuliia Svyrydenko emphasized that the Cabinet of Ministers is working to attract external financing and expand business support programs. Recently, the government approved the "Support Point" program, which provides compensation for part of employees' wages during forced downtime due to the consequences of Russian attacks, as well as compensation of the unified social contribution for employers. Since the beginning of the year, war risk insurance has also become available. Grants are in place for business development and for restoring equipment damaged by enemy attacks.

"I call on everyone to join our joint efforts on deregulation and creating additional opportunities for business. For its part, the government is ready to engage substantively and cooperate. Thank you for your work, for your resilience, and for your willingness to build a strong Ukrainian economy together even in wartime," the Prime Minister noted.

Deputy Prime Minister for European and Euro-Atlantic Integration Taras Kachka noted that Ukraine has received requirements from the European Union across all areas - from the rule of law and statistics to regional policy and budgetary issues. According to him, over the past 10 years, the European Union has become Ukraine's key trading partner. In the first quarter of this year, Ukrainian goods exports amounted to $10.1 billion, of which $5.9 billion were exports to the European Union.

"Yesterday, we approved the nationwide Program for Adaptation of Ukraine's Legislation to the Legislation of the European Union, which was coordinated, in particular, with businesses. Until the very end, we continued to receive proposals. The program is highly ambitious - 1,875 measures," he added.

Business representatives emphasized the need to improve the system of war risk insurance and compensation for damage caused by Russian attacks, particularly for enterprises of Ukraine's defense industry, expand support for businesses located in frontline regions, and implement new credit programs to create additional power generation capacity and connect it to the energy grid.

The Head of the Office of the President instructed the Council's secretary to record the issues raised and designate those responsible for addressing them. The next meeting of the Council for Entrepreneurship Support is scheduled in two months.