KIEV, Nov. 2 (Xinhua) -- The Ukrainian Economic Development and Trade Ministry has set up a new body to support small and medium-sized businesses in the country, the government press service said on Friday.
The Small and Medium-sized Enterprises Development Office (SMEDO) would provide consultation services to entrepreneurs on doing business and would help them in obtaining loans, said a statement on the government's website.
In particular, the SMEDO will launch a network of business support centers in various regions, introduce a mechanism to provide credit guarantees to entrepreneurs and create a business guide for newcomers, which will include detailed instructions on how to start and run businesses in Ukraine.
The SMEDO project will be supported by the European Union (EU) within the framework of EU4Business initiative.
