Volodomyr Zelensky / Photo president.gov.ua
The law is aimed at ensuring the industries' survival, as well as social and economic guarantees for their employees.
Ukrainian President Volodymyr Zelensky has singed Bill No. 3377 into law to amend certain legislative acts for state support of culture, creative industries, tourism, as well as small- and medium-sized businesses over the restrictive measures related to the spread of coronavirus (COVID-19).
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"Creative industries, cultural institutions are among those who have suffered the most from quarantine. After all, their activities have stopped almost completely, and now they live in complete uncertainty. These are entire areas of the economy that are currently on the brink of survival. They also pay taxes and give people jobs, so they need no less support than traditional businesses," he wrote on Facebook on July 13.
The president noted that the law is aimed at ensuring the industries' survival, as well as social and economic guarantees for their employees.
"The state is determined not only by the economy, but also by the level of the national culture. We are proud of our rich history, diverse culture, and our values. This is the foundation on which we will build together Ukraine's future," he added.
As UNIAN reported earlier, the Cabinet of Ministers had significantly expanded the Affordable Loans 5-7-9% program to support micro- and small-sized businesses amid the crisis. In addition, the Cabinet announced the launch of another business loan program, titled "Novi Hroshi."
The Verkhovna Rada, Ukraine's parliament, passed Bill No. 3377 in the first reading on May 13, 2020.