News/Press

The EBRD is working with ProCredit Bank
The European Bank for Reconstruction and Development is providing fresh funds to develop local currency lending and SME support mechanisms in Ukraine under the EU4Business initiative. The use of local currency gives greater comfort to potential borrowers, who will not be exposed to foreign exchange risks. The EBRD is providing a four-year local currency loan in Hryvnia (UAH) worth US$ 25 million...
The invitation to the National Women's Entrepreneurship Gala
The Small and Medium Enterprise Development Organisation (ODIMM), in partnership with the National Women's Platform of Moldova, has launched its annual contest to reward the best women entrepreneurs in the Republic of Moldova. The deadline for entries is 22 November. The contest aims to identify and recognise the most talented and successful women in business, who have achieved remarkable results...
Moldova
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A new EU-funded project to support SMEs in Moldova will be launched in 2018, Deputy Prime Minister, Minister of Economy and Infrastructure, Octavian Calmic has announced, according to the NOI.md website. Calmic made the announcement at a meeting with local officials and stakeholders in the Cantemir District, where they discussed local infrastructure projects, support for SMEs in rural areas, and...
Belarus is one of the leaders among the Eastern Partnership countries in the digitisation of its economy, Dirk Schuebel, the head of division for bilateral relations with Eastern Partnership countries at the European External Action Service, has told the Minsk Forum, the BelTA news agency reported. “Belarus is one of the leading countries, one of the driving forces in the development of this area...
On October 31, the Board of the National Bank of Ukraine approved the large ‐ scale ‘Restart Lending’ project, which includes the introduction of a new credit guarantees scheme for loans to small and medium-sized enterprises, which is supported by the German-Ukrainian Fund (GUF). To accelerate the implementation of the credit guarantee scheme, the GUF, in cooperation with its partner banks, will...
The 5 th Eastern Partnership (EaP) summit will take place in Brussels on Friday, 24 November, bringing together heads of state and government from EU member states and the six Eastern partner countries. Among the priority areas to be discussed are economic development and better market opportunities. The leaders will look forward to future cooperation, as well as taking stock of what has been...
A Business Support Centre last month started operations in the Ukrainian capital Kyiv, part of the EU4Business initiative of the European Union, supported by the European Bank for Reconstruction and Development (EBRD) . The Business Support Centre in Kyiv was established jointly with the EBRD at the Kyiv Chamber of Commerce and Industry, of which it is a subdivision. In May 2016, the EU4Business...
Head of the BRDO Construction sector Elena Shulyak
Most of the cement produced in Ukraine fails to meet national standards of strength, in some cases actually five times below required standards and posing serious safety risks for buildings, according to the Better Regulation Delivery Office (BRDO), set up in Ukraine with the support of EU4Business and the FORBIZ project. Ways of addressing market regulation issues in the cement industry in...
Azerbaijan has published a strategic roadmap for the development of trade and logistics, setting short, medium and long-term policy directions for economic development, but also defining a series of strategic priorities and actions to achieve those objectives. Azerbaijan’s vision in logistics and trade by 2020 is to achieve the creation of added value for regional transit freight, in addition to...
The European Investment Bank (EIB) and the European Investment Fund (EIF) – jointly the EIB Group – today signed a guarantee agreement with Ukrgasbank to support the equivalent of €50 million of lending to small and medium-sized enterprises (SMEs) in Ukraine. The agreement aims to facilitate access to finance for Ukrainian SMEs by providing a 70% guarantee for each loan granted by Ukrgasbank...