Success stories

With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped Vinnik, a tyre distributor from Ukraine, to define its long-term business plan, improve production efficiencies and almost double profits. Vinnik is an independent tyre distributor specialising in truck tyres, wheels and aftersales through a nationwide...
With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped a leading Ukrainian IT company to diversify its product line, opening doors to new international markets. As a result of this support, Integrity Vision LLC increased its turnover, number of employees and developed software platforms for Financial...
With funding from the European Union under the EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped the Da Vinci clinic, a high-profile plastic surgery and aesthetic medical centre from Armenia, to re-brand and introduce a professional website, increasing turnover by 41%. Established in 2010, Da Vinci started as a clinic specialised in diagnostics of hair...
Ilie Tricolici has invested to expand his livestock business
“Things change and you have to adapt. When you are lucky enough to build your life around your business and your business around your life, you want to choose the right partner for financial matters,” says livestock farmer Ilie Tricolici, who managed to grow his business by borrowing from Microinvest – a micro-finance organisation with funds from the European Fund for South East Europe (EFSE) and...
Teimuraz Meqvevrishvili is proud of the quality of his oil
“When you go into business on your own, you tend to make do with what you have and see credit more as a risk. I think that is a healthy approach in the beginning. But there comes a time when taking out a loan becomes an opportunity,” says Teimuraz Meqvevrishvili, who borrowed from Bank Republic to invest in his buisness, with support made available under the European Fund for South East Europe (...
Ioseb Tsotsolashvili and his team
“The ability to access credit is something you first have to earn. At least that’s how I see it. You want to have everything in place first, like your business, your people, and a good reputation," says Ioseb Tsotsolashvili who has managed to grow his business with support made available under the European Fund for South East Europe (EFSE), and EU4Business . “I can’t help but smile when people...
Bakhtiyar Meyvaddin Novruzbeyov
"It took me a while to realise that knowledge is indeed power. Like the knowledge that working with a bank is the best way to transform a fragile idea into a solid business," says Bakhtiyar Meyvaddin Novruzbeyov, who set up his grocery store with the help of Access Bank in Azerbaijan, the European Fund for South East Europe (EFSE), and EU4Business . “Just over ten years ago, I found myself...
Fuad Mammadali Aliyev
“For a long time, going into business on my own seemed like an impossible dream, but sometimes you get lucky and you find someone who shares the dream with you and helps to make it come true.” That’s how it all began for Fuad Mammadali Aliyev, with the help of Access Bank, the European Fund for South East Europe (EFSE), and EU4Business . Just over fifteen years ago Aliyev gave up his job as a...
Vice President of Volyn Chamber of Commerce and Industry in Ukraine receives valuable week-long training on membership services from Seville Chamber of Commerce in Spain. The East Invest 2 BSO Exchange Programme empowers Small and Medium Sized Enterprises (SMEs), associations and related BSOs (such as Chambers of Commerce) in Eastern Partnership countries by matching them with experienced...
Rizvan Garayev
“When they left the business to me, I don’t think my parents ever imagined that their little café would ever change. [...] however, they planted the seed of entrepreneurship in me. And some good common sense to find the right (financial) partner,” says Rizvan Garayev, who transformed the café he in herited in Baku into a chain of bakeries and restaurants, with the help of Access Bank, the...