News/Press

Young person working in kitchen © EU
EU4Business has launched a new project in three Armenian provinces – Lori, Syunik and Armavir – to train young people in growing their start-ups. Successful Start, launched in May by the Small and Medium Entrepreneurship Development National Center (SME DNC) in Armenia , will help scores of budding entrepreneurs establish viable companies by developing their business skills and helping them...
Conference participants © European Union
Internationalisation and skills needs are two of the biggest challenges facing SMEs in Eastern Partnership (EaP) countries, the 17 th Meeting of the Platform 2 on Economic Convergence with EU Policies heard in Brussels on 18 May 2017. Platform 2 works to improve economic integration between EaP countries and the EU and help EaP countries align with relevant EU policies to improve their business...
Participants at the EU4Business first General Assembly, 17 May 2017
The 1st General Assembly meeting of the EU4Business initiative took place on 17 May in Brussels. It brought together over 80 representatives from the six Eastern Partner countries, country missions to the EU, implementing partners (EBRD, EIB, OECD, World Bank, GIZ, KfW, GFA, Eurochambres, ITC, IKZ, EBA) and European Institutions. Discussions focused on key achievements and the way forward for...
Participants at the SME Academy on Access to EU Markets, from 10-12 May, heard that 65% of Moldovan exports are now reaching EU countries.
65% of exports from Moldova are now reaching EU markets, the vice-chair of the country’s chamber of commerce and industry told an SME training academy in May. 35 representatives of SMEs attended a three-day academy in Chisinau, organised under the EU4Business East Invest 2 project in cooperation with the Moldova Chamber of Commerce and Industry from 10-12 May. Mihail Bîlba, vice-chair of the...
Participants at the high-level conference celebrating the 10th anniversary of ODIMM, the Moldovan SME development organisation.
Some 3,700 jobs have been created by SMEs in Moldova over the past decade, while around 2,500 companies have benefited from financial support, a conference in Chisinau heard on 17 May. ODIMM , the Moldovan Small and Medium-sized Enterprise Sector Development Organisation, celebrated a decade of working for SMEs in the country at a high-level conference at the Republican Palace. Over 100 people...
Man pushing button of network of people © Thinkstock
Training visits to the EU for representatives of Business Support Organisations (BSOs) from the Eastern Partnership (EaP) countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine) are extended following the success of visits over the past year. BSO reps from the EaP countries have been undergoing training at their EU counterparts since August 2016. Meanwhile, EU experts have also been...
Armenian business people at the Armenia-Turkey Investor Day ©EU
The financing of SMEs and start-ups in Armenia was the theme of an EU Investment Week held from 2 to 5 May.The week kicked off with the EU4Business SMEDA (Support to SME Development in Armenia) project organising visits to start-ups and innovative companies on 2 May. Armenia-Turkey Investor Day An Armenia-Turkey Investor Day was also held on the first day, promoting links between start-ups and...
The EBRD, EU and TBC Bank signed an agreement on 2 May to provide loans to help Georgian SMEs improve their products and services to compete in the Deep and Comprehensive Free Trade Area (DCFTA) set up by Georgia and the EU. The agreement covers loans of USD 100 million in local currency (lari) , organised as follows: USD 60 million to help SMEs to comply with the requirements of the DCFTA ; USD...
The EIB launched two new programmes to boost private sector development in Georgia at a seminar in Tbilisi on 8 May: DCFTA Initiative East and InnovFin.
The European Investment Bank has launched two new programmes, developed jointly with the European Commission, to help private sector development in Georgia. It presented the programmes - DCFTA Initiative East (part of the wider EU4Business initiative) and InnovFin (EU Finance for Innovators) – at a high-level seminar under the EU4Business initiative in Tbilisi on 8 May. The event attracted around...
Crane in Yerevan, Armenia @Thinkstock
Local authorities in the six Eastern Partnership (EaP) countries are encouraged to apply for funding to help their cities lead economic growth and job creation in the region. The Call for Proposals “Mayors for Economic Growth Pioneer Projects” targets those cities that already have a Local Economic Development Plan which is consistent with the initiative and outlined in the mayor for Economic...