Following the successful experiment with the 1st Business Project Competition, the EBRD, the National Bank of Ukraine and the Ukrainian commercial banks participating in SME II Line of Credit, decided to further on promote this innovation. It has been decided to launch new SME competition in October 2002.

Further details on the 2nd Competition will be available on and through mass media later on this year. It is envisaged that the official opening will be followed by a press conference with the 2nd Competition organisers. The date of the Information Day for potential participants will be announced additionally.