News/Press

Improving SME regulations in Ukraine
Ukraine
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The FORBIZ project focuses on improving the regulatory framework for SMEs in Ukraine and strengthening government-private sector dialogue Ukraine’s Ministry of Economic Development and Trade and the EU Delegation to Ukraine have launched FORBIZ, a leading business support project in the framework of the EU4Business initiative funded by the EU. FORBIZ focuses on three areas: improving regulatory...
€50 m financing for innovative companies
The EIF has signed an agreement with ProCredit Bank in Ukraine to finance innovative companies to the tune of €50 million The European Investment Fund and JSC “ProCredit Bank” have signed the first agreement in the framework of the project “InnovFin” (EU finance for innovators) – an initiative supported by the European Commission, aimed at raising funds for the development of innovative projects...
OECD EURASIA WEEK
The six Eastern Partnership countries are all members of the Eurasia region of the Organisation for Economic Co-operation and Development (OECD) and as such participated in the 3rd OECD Eurasia Week, held in Paris from 22 to 24 November. They are also all members of the OECD Eurasia Competitiveness Roundtable, which also met during the Paris week and acts as barometer of the progress they have...
Belarus plans to expand SME sector
Belarus
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State programme to increase jobs in SME sector to over 41% of country’s total workforce by 2020 The Belarus Government implemented Decree No. 870 on 25 October, introducing amendments to the 2016-2020 state programme for SMEs, approved by the Decision No. 149 of the Belarus Council of Ministers of 23 February 2016. This is aimed at increasing the share of Gross Domestic Product generated by Small...
The bilateral assistance package underpins the forthcoming negotiations of a new bilateral agreement.
The European Union (EU) announced a new assistance package to Azerbaijan. The € 13.5 million will help diversify Azerbaijan’s economy by providing assistance in the areas of finance, economics and judicial governance. The €13.5 million bilateral assistance package will go towards: enhancing the competitiveness of Azerbaijan’s small and medium sized enterprises (SMEs). promoting new export...
The Belarusian Ministry of Economy has approved the operational conditions for the distribution of funds that will provide lenders a guarantee for credits given to small and medium sized enterprises (SMEs). The proposed operational conditions will provide tax exempt status to all funds designated as a loan security for SMEs. The purpose of the proposal is to protect non-profit organisations,...
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...