News/Press

Meliora Responsible Business Awards
Companies in Georgia have until 10 October to enter the 2018 Meliora Responsible Business Awards , an annual Corporate Social Responsibility Excellence Contest organised as part of the EU-funded ‘Georgian Civil Society Sustainability Initiative’. The contest is organised in collaboration and with the support of various business associations and aims to promote responsible business conduct in...
At work in a textile factory in Moldova
Two new business clusters have been launched in the southern and northern regions of the Republic of Moldova, with the support of the European Union. They concern creative industries in Cahul and textile companies in Soroca, and offer the opportunity to bring businesses together to develop joint projects. The creation of the two clusters was carried out by the Organisation for the Development of...
In the Grovf offices in Yerevan
Grovf – an Armenian start-up supported by EU4Business and engaged in the Internet of Things (IoT) and database hardware acceleration – is one of two SMEs in the Eastern Partnership region, selected for funding under the first phase of the European Innovation Council’s (EIC) pilot of its SME Instrument. The second company – Raccoon Technologies – is from Ukraine. The company produces Raccoon...
OTP Leasing has been a well-established market player in Ukraine for a decade
The European Bank for Reconstruction and Development (EBRD) is providing a local currency loan of up to UAH 324 million (€10 million equivalent) to OTP Leasing (OTPL) in Ukraine for long-term leases to small and medium-sized enterprises (SMEs) across the country. SMEs will also benefit from grant funding of up to €1 million available under the European Union’s EU4Business initiative, which helps...
Staff from Belarusian clothing enterprises have taken part in an eight-day training on production efficiency organised by the International Trade Centre and the Belarusian Fund for Financial Support to Entrepreneurs, as part of the EU4Business project ‘Eastern Partnership: Ready to Trade’. The training took place in Minsk from 27 August to 5 September and was aimed at production and management...
Many agricultural businesses have received support under PARE 1+1
A total of 1,246 Moldovan businesses have received funding under the EU-funded PARE 1+1 programme since 2010, with total grants of 242.4 million lei trigerring further investments worth 767.7 million lei, the Interlic news website has reported, quoting a government press release. The programme has helped open 538 new businesses - mostly in rural areas, and to create 3,200 jobs. Programme...
Peter Michalko, Head of the EU Delegation to the Republic of Moldova
Sixty-eight per cent of Moldova’s exports now go to the European Union, the Head of the EU Delegation to the Republic of Moldova Peter Michalko has said in a message released to mark four years since the implementation of the Deep and Comprehensive Free Trade Area (DCFTA) between the EU and the Republic of Moldova. In his message, Peter Michalko said: "there are good results both in increasing...
Participants at the Women Entrepreneur’s Club
Around a hundred women gathered for the second Women Entrepreneurs' Club, organised in Yerevan by the EU-SMEDA project on August 30. Leading women entrepreneurs representing Creative Industries , Tourism , IT and Business Consulting gathered to exchange their experience, build new business connections and cooperation opportunities in a format of free networking and 'Speed Business Dating' around...
EU4Business STEP grants
The EU4Business ‘ Support to SME Development in Armenia ’ (SMEDA) project, in cooperation with the Enterprise Incubator Foundation, has launched the second cycle of its grant competition under the ‘EU4Business Science and Technology Entrepreneurship (EU4Business STEP) programme – Business Development Support for innovative technology Start-ups’. The deadline for applications is October 1. The...
Minsk Transit Bank and Belarusky Narodny Bank are important providers of SME and retail finance in Belarus
The European Bank for Reconstruction and Development (EBRD) is extending its first-ever local currency loans in Belarus by providing lines of credit to its long-term financial intermediaries Minsk Transit Bank (MTBank) and Belarusky Narodny Bank (BNB-Bank) for on-lending to small and medium-sized enterprises (SMEs) across the country. MTBank and BNB-Bank, both well-established providers of SME...