KIEV, Sept. 4 – The European Union would provide EUR 55 million of donor aid to support small and medium enterprises (SME).

The Economic Development and Trade Ministry of Ukraine said on its website that the agreement was signed by Economic Development and Trade Minister of Ukraine Aivaras Abromavicius and Director of IPA Strategy of Directorate General for Enlargement of the European Commission Gerhard Schumann-Hitzler.

The EU is to provide the funds under the program EU Support to Ukraine to Re-launch the Economy (EU SURE). The funds will be used in 15 regions of Ukraine to create Business Support Centers, where SME will get consultations on the legal and market issues of doing business in Ukraine and abroad.