The European Union intends to support the Ukrainian business in the transition to the EU standards, in the process of entering into a free trade area with the EU. Assistance will be given to small and medium sector on a top-priority basis, Head of Operations at the EU Delegation to Ukraine Andrew Rasbash told a press briefing, ForUm correspondent reports.
According to him, the Europe is inclined to pay attention not only to the administrative side of the entry of Ukraine into a free trade are with the EU, but also to the way, in which EU standards will be observed in Ukraine. However, as the head of the cooperation programs noted, special attention will be paid to the Ukrainian small and medium businesses.
"Large companies can estimate how they are implementing EU standards and comply with them on their own. I'm talking about small and medium-sized private companies. They should be prepared, given assistance to meet these standards because the free trade area between Ukraine and EU will substantially change the business climate," he said.
Rasbash also stressed that the EU will support investors in their efforts to invest in the Ukrainian economy. "After the signing of the Association Agreement with the EU, European banks will be interested in providing loans to Ukrainian business ... And we will be able use part of the grant funds to support them in this intention," he said , recalling that for 1991-2013, Ukraine received about 1 billion euros in loans from European banks.
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