News/Press

A ministerial meeting on the Digital Community was held this week in Brussels.
Georgia and the European Union (EU) are collaborating on a range of digital issues aimed at generating economic growth, creating new jobs, improving people’s daily lives and building a better environment for doing business in. To advance the Digital Community between the EU and Eastern Partnership countries, ministers from Georgia, Armenia, Azerbaijan, Belarus, Moldova and Ukraine recently met...
Improving the business climate
Armenia
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The European Union (EU) is ready to assist Armenia in implementing economic policy reforms, says ambassador The EU will assist Armenia in implementing the new government’s economic policy reforms, the Head of the European Union Delegation to Armenia, Ambassador Piotr Switalski, told the International Economic Congress on 20 October. Experts and representatives of diplomatic missions gathered at...
Makaryan proposes the establishment of a special fund of USD 100 million for SMEs.
The head of the Republican Union of Employers is advocating that the Armenian government establish as special fund to help small and medium sized enterprises (SMEs) develop. According to economist and head of the Republican Union of Employers Gagik Makaryan, Armenian SMEs are not growing fast enough. SMEs account for 28 % of the country’s gross domestic product (GDP), and over the past several...
EBRD implements 245 SME consultancy projects
The European Bank for Reconstruction and Development (EBRD) says it has implemented 245 projects in Belarus that provide consultancy services to SMEs In the framework of its SME consultancy programme in Belarus, the EBRD not only provides full administrative support, but also covers up to 90% of the cost of consultancy services, thanks to donor funding from the EU and other institutions. Working...
The project helps Moldovan SMEs access new markets and build a stronger economy.
The export potential of s mall and medium sized enterprises (SMEs) in Moldova is set to benefit from a € 1 million boost in funding from the European Union (EU). Helping SMEs access new markets According to the Moldovan organisation responsible for attracting foreign investment and promoting exports (MIEPO), the country’s SMEs are set to benefit from €1 million in EU funding. The funding is...
Prime Minister Volodymyr Groysman says the proposed amendments will simplify life for new businesses.
Prime Minister Volodymyr Groysman recently announced new tax holidays intended to simplify life for small businesses and eliminate barriers to growth. According to Prime Minister Volodymyr’s Facebook Page, Ukrainian small businesses and entrepreneurs will soon benefit from a more business-friendly tax code. The proposed amendments to the tax code aim to simplify life for new businesses and...
Sustainable energy and women entrepreneurs
The European Bank for Reconstruction and Development (EBRD) has launched new credit facilities worth €10 million to support sustainable energy projects and women entrepreneurs The Bank is stepping up its investments in Belarus by extending new credit lines of up to €10 million to Belinvestbank. The two credit facilities consist of an €8 million credit line under the Belarus Sustainable Energy...
Improving SME product quality
Georgia
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EU4Business, the European Bank for Reconstruction and Development (EBRD) and the Bank of Georgia have joined forces to launch a new financing facility to support local SME development The EBRD, in partnership with the Bank of Georgia, has launched a new EBRD-EU financing facility to support local SME development, in the context of the country’s Association Agreement and Deep and Comprehensive...
EU announces €13.5 m package for Azerbaijan
The new funding aims to continue support for economic diversification in the areas of financial, economic and judicial governance and boost SME competitiveness and export possibilities The EU has announced a €13.5 million targeted assistance package to enhance the competitiveness of, and export opportunities for, small and medium-sized businesses in Azerbaijan, as well as improving the business...
EU is Azerbaijan's main trade partner
Azerbaijan
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Forty-seven percent of all Azerbaijan’s trade was with the EU last year, says the country's European Integration Minister Azerbaijan is playing an important role in assuring Europe's energy security and is maintaining strong cooperation with the European Union through investment and exchange programmes, such as twinning and the Technical Assistance and Information Exchange Instrument (TAIEX)...