News/Press

The meeting between ODIMM and Partner Banks
On January 17, 2018, the Organization for Small and Medium Enterprises Sector Development (ODIMM) from Moldova held a meeting with partner banks to review performances of the Credit Guarantee Fund during the past year. The Credit Guarantee Fund is a state-funded programme for SMEs implemented by ODIMM as part of the national policy on facilitating SMEs' access to financial resources. The fund was...
Belarus Fund for Support of Entrepreneurship
The Belarusian Fund for Support of Entrepreneurship has announced a contest of investment projects among small businesses. Applications are accepted until 31 January 2018, and the winners will be eligible to state financial support in the form of a loan (on a reimbursable basis) and leasing of assets (finance lease). State support will be provided for investment projects to start up or develop...
Inspection Portal Web Service
The Better Regulation Delivery Office (BRDO) in Ukraine has launched an Inspection Portal Web Service ( www.ias.brdo.com.ua ) – a pilot module for an online service and risk-management tool that will transform Ukraine’s business inspection system and interactions between state inspections and businesses, increase transparency for Ukrainian entrepreneurs and investors, and provide oversight...
Raiffeisen Bank Aval, one of Ukraine’s largest financial institutions
Loans to small and medium-sized enterprises (SMEs) in Ukraine and to selected larger companies, as well as for renewable energy projects, will become available to a greater number of domestic firms following the signing of a Risk Sharing Facility (RSF) under the EU4Business initiative, between the European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank Aval in Kyiv on 22...
The decision was approved on 22 December 2017
The European Investment Bank (EIB) has provided Raiffeisen Bank Aval (Kyiv) with €12 million in guarantees for the support of lending to small- and medium-sized enterprises (SMEs). The Guarantees are provided under the Deep and Comprehensive Free Trade Area (DCFTA) Initiative East - Guarantee Facility, a programme that is part of the EU4Business initiative. The decision was approved on 22...
The agreement will bring down SME interest rates in Ternopil
On January 18, the German-Ukrainian Fund (GUF) and the Ternopil Regional State Administration (Ternopil RSA) signed a memorandum on cooperation in the area of financing and development of small and medium-sized enterprises (SMEs) in the Ternopil region. Part of the EU4Business SME Finance Facility in Ukraine, the agreement allows joint implementation of a programme of interest rate subsidy for...
Ana Statova welcomes her guests
Ana Statova, a single mother of two, has recently become a local celebrity in the Gagauzia region of Moldova. News about the traditional touristic complex ‘Gagauz Sofrasi’ built in the village of Congaz has travelled fast. Ambitiously named ‘The biggest village in Europe’ , Congaz is proud of the complex reproduces the setting and charm of traditional peasant houses: stoves with heated beds,...
The EU is working to support SMEs in Moldova
The EU is working to support SMEs in the Republic of Moldova to expand their export markets, with a recent training session aimed at building up the capacity of the Small and Medium Enterprise Development Organisation (ODIMM) to assist domestic companies that intend sell abroad. The training session on international practices to increase the export capacity of small and medium-sized enterprises (...
What loans can Ukrainian businesses obtain to develop and enter international markets? Representatives of three Ukrainian banks – KredoBank, Ukrgasbank and ProCredit Bank – speak about local currency loans offered for small and medium-sized enterprises, provided by Ukrainian banks in partnership with European financial institutions – the EBRD, EIB and KfW. The loans have become available thanks...
The EU-funded PARE 1+1 programme has approved 32 grant applications submitted by companies created by Moldovan migrants or their relatives for a total amount of 7.89 million lei. According to estimates, about 90 new jobs will be created, and cumulative investments in the national economy will amount to 19.43 million lei. Analysing the results of the PARE 1+1 Programme, the Secretary General of...