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European Commission announces two competitions for Ukrainian entrepreneurs for EUR 7.5 mln
BRUSSELS. Feb 28 (Interfax-Ukraine) – The European Commission has announced two competitions worth EUR 7.5 million for Ukrainian entrepreneurs to help them benefit from participation in the European Union’s Single Market.
“Today, the Commission is launching two calls for proposals under the joint title ReadyForEU, with a total budget of EUR 7.5 million. The two calls aim at helping Ukrainian entrepreneurs and businesses to benefit from the Single Market,” according to a press release issued on Tuesday in Brussels by the European Commission.
The first call, the Business Bridge, with a budget of EUR 4.5 million, will provide financial support to Ukrainian small and medium-sized companies (SMEs) affected by the war, in the form of vouchers to access services and participate in trade fairs in the EU. The second call, the Erasmus for Young Entrepreneurs – Ukraine, with a budget of EUR 3 million, will allow new Ukrainian entrepreneurs to gain business experience in other European countries.
The calls are open as of February 28, 2023 and Ukrainian businesses and entrepreneurs will be able to apply in the final quarter of this year.
Commissioner responsible for the Internal Market, Thierry Breton, said: “Europe is committed to supporting Ukraine’s successful integration in the Single Market. With today’s calls for proposals, we are offering tangible financial support for small Ukrainian businesses and entrepreneurs to build new partnerships with other European companies and expand into the EU.”