News/Press

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...
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)...
New EU support for private sector development
The European Union has announced the doubling of the bilateral assistance package to Belarus to €29 million in 2016 The funding package has doubled from €14.5 million in 2015 to €29 million in 2016, with the aim of boosting private sector development and strengthening institutions in the country. Funding will be provided to strengthen private sector development (€14 million) by contributing to...
The European Bank for Reconstruction and Development (EBRD) is set to allocate € 10 million towards a project that aims to increase the energy efficiency of Chisinau’s buildings. On 30 November 2016, the EBRD will finalise a decision to allocate €10 million towards increasing the energy efficiency of Chisinau’s buildings. This funding is in addition to a €5 grant previously announced by the...
EU creates online platform for winemakers
The new database will provide a range of information on Georgian wine producers and help them to explore export opportunities in the EU New opportunities are opening for Georgian winemakers and wine-lovers through a new EU-funded programme to spur growth in exports of Georgian wine to the EU market. The new online database being developed will provide a range of information about wine producers...