On May 11, 2021, a new version of the Regulations on the creation of Office for entrepreneurship and export development was approved, which settles a new name for the Office and extend power in the field of small and medium entrepreneurship and export.

The main assignment of the Office is to promote development and support of small and medium enterprises, support and promotion of exports of goods, works and services of Ukrainian manufacturers in accordance with the program documents of the Cabinet of Ministers of Ukraine, other state planning documents.

The new version of the Regulations provides the establishment of a Supervisory Board consisting of representatives of the Secretariat of the Cabinet of Ministers of Ukraine, the Ministry of Economic Development, Trade and Agriculture of Ukraine and the Ministry of Digital Transformation.

In order to execute the aforementioned decision of the Government, the Secretariat of the Cabinet of Ministers of Ukraine is instructed to approve the program of activities of the state institution ,,Office for entrepreneurship and export development” and determine the procedure for monitoring its implementation.

This transformation means that for the first time in Ukraine there will be an institution that will carry out its activities to make business development and export, promote the Strategy for small and medium entrepreneurship  in Ukraine and develop unified programs to support SMEs.

The state institution ,,Export Promotion Office of Ukraine” was renamed into ,,Office for entrepreneurship and export development” in accordance with the Government decision of March 10, 2021.

Reference source: Дія.Бізнес.Експорт