Ukraine Forges Ahead: Council for Entrepreneurship Support Established Amid Martial Law

A Bold Step Towards Economic Resilience

In a move that underscores Ukraine’s unwavering commitment to economic stability amidst the ongoing martial law, President Volodymyr Zelenskyy has taken a decisive step by establishing the Council for Entrepreneurship Support under Martial Law. This strategic initiative, outlined in Presidential Decree No. 30 of January 26, 2024, brings together a distinguished group of business leaders and industry experts to provide invaluable insights and guidance to the President on matters pertaining to entrepreneurship and economic fortitude during these challenging times.

Meet the Council’s Esteemed Members

The Council comprises individuals who have made indelible marks in their respective fields, their expertise and experience poised to address the unique challenges faced by businesses operating under martial law. These esteemed members include:

Artem Borodatiuk: Co-founder of Netpeak LLC, a leading digital marketing agency in Ukraine, Artem brings a wealth of knowledge in online marketing strategies and digital transformation.

Oleh Horokhovsky: Co-founder of Fintech Band LLC and monobank, a popular digital banking platform in Ukraine, Oleh’s expertise lies in fintech innovation and the modernization of financial services.

Kostiantyn Yefymenko: President of Biopharma Plasma LLC, a pharmaceutical company specializing in plasma-derived therapies, Kostiantyn’s insights will be crucial in ensuring the resilience of Ukraine’s healthcare sector.

Artem Kytsmey: A member of the Council of Representatives of the Information Technologies of Ukraine Association and co-owner of Softserve LLC, an IT services and software development company, Artem’s contributions will bolster Ukraine’s technological prowess.

Vyacheslav Klymov: President of the Union of Ukrainian Entrepreneurs (SUP) and co-owner of Nova Poshta LLC, Ukraine’s largest private postal and logistics company, Vyacheslav’s leadership will be instrumental in addressing the concerns of small and medium-sized enterprises (SMEs).

Oleksandr Konotopsky: Member of the Board of Directors of SUP and co-owner of Ajax Systems Management LLC, a leading manufacturer of security systems, Oleksandr’s expertise will contribute to the safety and security of Ukrainian businesses.

Dmytro Oliynyk: Chairman of the Council of the Federation of Employers of Ukraine, an organization representing the interests of Ukrainian employers, Dmytro’s insights will be invaluable in fostering a conducive environment for entrepreneurship.

Council’s Multifaceted Objectives: A Roadmap for Economic Recovery

The Council’s mission is multifaceted, encompassing a range of objectives aimed at bolstering Ukraine’s economy and supporting businesses during this critical period:

1. Analyzing the Business Environment: The Council will conduct a comprehensive analysis of the current economic landscape, identifying challenges and opportunities for entrepreneurship under martial law.

2. Evaluating State Policy: The Council will scrutinize existing government policies and practices, ensuring the protection of entrepreneurial rights and identifying areas for improvement.

3. Proposing Solutions: Based on their analysis, the Council will develop recommendations and solutions to address the issues faced by businesses, fostering economic growth and resilience.

4. Submitting Recommendations to the President: The Council will present proposed solutions and policy changes to President Zelenskyy for consideration and implementation.

5. Reviewing Legislation: The Council will examine draft laws related to entrepreneurship, providing input to refine the legal framework for business operations.

6. Promoting Best Practices: The Council will share and disseminate international best practices in entrepreneurship and business management, enhancing the competitiveness of Ukrainian businesses.

7. Facilitating Collaboration: The Council will foster effective interaction between the government, business entities, and public associations representing their interests, creating a conducive environment for entrepreneurship.

Ensuring the Council’s Success: A Collaborative Endeavor

The President’s Office bears the responsibility of ensuring the Council’s efficient functioning and providing the necessary administrative and logistical support. This includes coordinating meetings, facilitating communication, and ensuring the timely implementation of the Council’s recommendations.

A Timely Initiative: Context and Significance

The establishment of the Council comes at a critical juncture, as Ukraine grapples with significant economic challenges due to the ongoing martial law. This initiative aligns with the National Security and Defense Council’s (NSDC) decision to implement urgent measures for ensuring economic security. President Zelenskyy has emphasized the importance of addressing the concerns of businesses and fostering a collaborative approach between the government and the private sector to overcome these challenges.

Conclusion: A United Front for Economic Resilience

The creation of the Council for Entrepreneurship Support under Martial Law is a testament to Ukraine’s unwavering commitment to economic resilience. The Council’s diverse membership, composed of experienced business leaders, will provide valuable insights and recommendations to the President. By analyzing the situation, proposing solutions, and facilitating collaboration, the Council aims to create a favorable environment for entrepreneurship, boost economic growth, and contribute to Ukraine’s overall resilience in the face of adversity. Together, they will navigate the challenges posed by martial law and lay the foundation for a thriving and sustainable economy.