News/Press

Moldova
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The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new strategy for Moldova, which will guide the Bank’s investments and policy work in the country for the next five years, including key priorities in partnership with the EU4Business initiative. The 2017-22 strategy sets out the following priorities: Restructuring the banking sector: The EBRD,...
three MoUs were signed between Armenian and Iranian companies at the Forum
More than 150 young people from the regions of Armenia got together with representatives of the government and international organisations to take part in the ‘Empowering Regions Through High Tech’ conference organised by the EU4Business SMEDA project in Gyumri over two days last month. Gyumri, the second largest city of Armenia, is aiming to become the IT capital of Armenia with its...
Heritage can boost development, if the proper regulations are in place
Ukraine has 130,000 monuments of cultural heritage. With proper preservation and effective development of the surrounding infrastructure, the country can significantly increase its cultural and tourist potential. However, current regulation does not provide protection for cultural heritage and provokes numerous corruption abuses, an audience heard at a round table organised by the Better...
Piotr Arushanyants, Director of the Entrepreneurship Department at the Belarusian Economy Ministry
On 23 November President Alexander Lukashenko of Belarus signed an ordinance on entrepreneurship development, the key document in a package of regulations designed to improve the country's business climate, according to the BelTA news agency. Piotr Arushanyants, Director of the Entrepreneurship Department at the Belarusian Economy Ministry, told BelTA that, “the ordinance is the result of the...
The event was organised in the unusual venue of Lviv International Airport, which was decorated for the occasion
More than 100 people gathered for the Creative Economy Days in Lviv over two days on 24-25 November, to discuss issues based around ‘Design for Competitiveness’, in an event addressed by 14 speakers and which hosted three workshop. The Creative Economy Days were organised in the original venue of Lviv international airport, by the Lviv Business Support Centre with the support of EU4Business and...
Small and medium-sized enterprises (SMEs) in Ukraine now have access to a range of loans in Hryvna, offered by local banks under the EU4Business initiative, in partnership with European Financial Institutions. The new loan opportunities, which have become available following a series of agreements signed with local banks in the past few weeks, are all part of the second phase of the EU4Business...
A first public-private working group meeting on supporting the implementation and monitoring of Azerbaijan's SME Roadmap will take place on 7 December in Baku, as part of the project ‘EU4Business: From Policies to Action’, implemented by the OECD across the Eastern Partnership and funded by the EU in the framework of the EU4Business initiative. A specific component on ‘supporting the...
The EU4Business project for ‘Support to SME development in Armenia’ (SMEDA), in cooperation with the Tom Fleming Creative Consultancy and Goldsmiths University of London, is organizing a three-day training for Armenian startups and a one-day training for marketing companies, taking place on 5-8 December. The training will cover the start-up journey that businesses need to go on to successfully...
The European Investment Bank (EIB) and the European Investment Fund (EIF) – jointly the EIB Group – on 29 November signed guarantee agreements with TBC Bank in Georgia to support the equivalent of over €90 million of lending to Georgian small and medium-sized enterprises (SMEs), in the framework of the EU4Business initiative. The EIB also signed its first microfinance investment in the country,...
The 5th Eastern Partnership Summit took place in Brussels on 24 November, marking the achievements of the last two years in the EU's relationships with its six Eastern partners, while looking forward to implementing 20 deliverables by 2020 that will bring tangible benefits to citizens, including significant pledges in the area of business support. The Summit brought together Heads of State or...