Success stories

Rodion Sobchenko, administrator of Riomax-Prim
The nutritional and medicinal value of sea buckthorn – a flowering shrub that produces compact orange fruit – has been known in Europe for generations. Yet despite its growing reputation as a “super fruit”, particularly beneficial for treating skin disorders, until now, there were no producers in the Republic of Moldova able to deliver industrial quantities of this curative product. “The thought...
Apricots are among the fruit grown on Constantin Andriuţă's farm
Constantin Andriuţă from the village of Şeptelici near Soroca has always been successful in agricultural business. Since graduating in agribusiness in 1996, his business has grown and he has succeeded in diversifying his crops, with a particular focus on horticulture. He planted apple, pear, apricot, cherry, walnut and peach orchards, eventually joining up with four other agricultural enterprises...
Aydin Aliyev, co-owner of Sermar
Sermar LLC is a ceramic tiles and accessories store selling leading European products in Baku, a long journey from its beginnings in the early 2000s, when it was established as a small shop selling construction materials. “At that time it was just a small store covering a 15-50 square metre area,” recalls the co-owner of the company, Aydin Aliyev .“For 12-13 years, the store operated in that way...
One of Vigen Mnatsakanyan's bee houses
Four new businesses have opened in the Lori region of Armenia with the support of the EU and its EU4Business initiative. The businesses, in the cities of Vanadzor, Stepanavan and Alaverdi, all launched their activities within the framework of the ‘ Boosting Competitiveness of regional SMEs ’ project, co-funded by the EU and the Republic of Armenia. Apitourism and apitherapy Apitourism and...
Innovative advisory project puts wine village of Mukhrani on the tourism map It is said that for agritourism to thrive, visitors need three things – something to see, something to do and something to buy. The charming village of Mukhrani, only a 30 kilometre drive from Georgia’s capital Tbilisi, ticks all the boxes. Shrouded in greenery, it combines the history of the Georgian royal family with...
manager of Biox Comerţ, Roman Balan
Although the Small and Medium-sized Enterprise (SME) sector is promising in the Republic of Moldova, the lack of investment is making it uncompetitive, and this means the economic growth that could be generated by the private sector is yet to materialise. Interest rates on commercial loans offered by banks are far too high for small businesses, and the repayment terms are too short, so the...
A Lviv entrepreneur founded a company supplying one of the most attractive markets in the world – the European Union. New equipment purchased with an EU4Business loan will allow her to increase deliveries by 15%. “Show us the most beautiful equipment,” we ask Lviv entrepreneur Nataliya Nichoga before a photo shoot at her production facility. “The most beautiful is the one that works. And all of...
A worker manufactures kitchen equipment at the Nerji plant in Georgia
With funding from the European Union under its EU4Business initiative, EBRD - Advice for Small Businesses has helped a Georgian kitchen equipment manufacturer to improve performance and efficiency. Nerji LTD is the sole manufacturer of commercial kitchenware in Georgia, with over 600 corporate clients. Stainless steel fridges, freezers, ovens, grills and cupboards under the Nerji brand can be...
MPT Georgia has been producing apparel products for Danish multi-brand fashion group DK Company, a leading fashion company in Europe, for the last three years. The labels of various brands that are part of the group – Coop Denmark, Denim Hunter, B-Young, Fransa – read “Made in Georgia” in nine languages. The Danish company sells MPT Georgia-made clothing in Germany, the UK, Norway and Canada. MPT...
Artak Petrosyan in his workshop
Artak Petrosyan is a skilled craftsman who carves wood, particularly furniture in the city of Vagharshapat, in Armenia’s Armavir region . In August 2017, he started his own business after start-up training from an EU-funded project. Petrosyan took part in the ‘Successful Start’ start-up business support programme organised by the ‘Boosting Competitiveness of regional SMEs’ project, co-funded by...