Success stories

It’s been almost three years that entrepreneur Aram Tovmasyan from Lernagog village in Armenia’s Armavir region has been testing at home the production of apricot kernels in salt. Both the business idea and the product are new in the Armenian market, but they have already generated great interest. The entrepreneur has developed a special technique, which allows him to produce a delicious and...
Olga Radinovich is the General Director of Reabilitimed, a Ukrainian manufacturer of orthopaedic and medical products. Her company had been wanting to invest in new equipment from Germany for two years when she heard on the radio about EU4Business SME loans through the German Ukrainian Fund (GUF). Under the programme, 50% of the nominal interest rate set by the loan agreement is compensated for...
Rahman Abdurahmanov, the General Director of AZZA
Azerbaijan
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AZZA Cake House is the most popular manufacturer of cake and confectionary products in Azerbaijan. Originally established as a clothes store in 2004, the brand subsequently branched out into the café business. Four years later, AZZA moved into confectionary, and the company has not looked back since, today boasting the largest network of cake shops in the country. “ Initially we were working as a...
SuperMagnit LLC is a Ukrainian company producing souvenirs for the tourist market since 2006. It started with just a few employees, but has considerably developed in recent years. The company recently took out a loan as part of the joint programme of the German-Ukrainian Fund and Kyiv City State Administration for the compensation of interest rates on Kyiv SMEs’ loans, implemented with the...
Poultry farmer Taron Yeritsyan
Taron Yeritsyan has been engaged in poultry farming in Armavir city in Armenia for five years. Now, thanks to support provided by the EU in 2017, his small family farm has hatched into a fully-fledged egg and chick production, recording double growth. A major contribution to the expansion and growth came from the ‘Boosting Competitiveness of regional SMEs’ project, co-funded by the European Union...
Volodymyr Hnatyuk
How Ukrainian company Yarych has become a leader in the domestic biscuits market, supported by expert advice Yarych Confectionery, located in the village of Staryiy Yarychiv near Lviv, can easily be detected by its strong, unusual odour. It smells of garlic and vanilla… at the same time. "This comes from the savoury crackers and the Maria biscuits" – the origin of the strange aroma is explained...
It’s hard to imagine how a modern organisation was able to function without computers just a few decades ago and likely much of our office life would come to an abrupt halt if we did not have access to these vital systems now. In Azerbaijan, DiVi specialises in IT solutions for the workplace. The company supplies computer and office equipment – everything from PCs, tablets and printers to...
A bottle and glass of Madam Wine in a cellar in Georgia
With funding from the European Union and its EU4Business initiative, the EBRD’s Advice for Small Businesses programme has helped an all-women Georgian wine producer to grow its presence online and increase visibility to attract new clients and explore new export markets. As a result, the company has boosted its outreach and found clients both on domestic and foreign markets. As one of the oldest...
Operating a successful media business in a small market is a major challenge, according to Lyudmila Chekina, CEO at TUT.BY , the leading online news portal in Belarus, which employs more than 50 editorial staff and is read by 42.9% of all Belarusian internet users. And in the case of media, success is not just measured on the balance sheet: independent media needs a sustainable business model to...
Whether in restaurants, our kitchens and bathrooms or large-scale businesses, tiles are everywhere in our daily lives. Chinese producers have discovered this opportunity and taken a significant market share in recent years. But European consumers have other options closer to home. Keramo Rosso produces its ceramic tiles in Taraclia, southern Moldova, in a factory which employs about 150 employees...