Success stories

A group of people sitting and standing around an oval desk
The distinctive feature of Belarus from other post-Soviet countries, united by the Eastern Partnership, is the dominant role of the state in almost all spheres, including the national economy. The basis of the national economy is controlled by state companies, and for a long time the private sector was given a secondary role. Zhanna Tarasevich, a co-chairman of one of the national business...
Rural tourism entrepreneurs in Azerbaijan’s Northwest are reaping the rewards of cooperation with Italy’s experienced tourism sector. The EU initiative, Ruralis Tornare , roughly translated as ‘returning to rural’, recognises the potential for growth in rural- and eco-tourism in Azerbaijan. Effective digital marketing, competitive prices, local products and tailored services such as fishing,...
Women and a man sitting around a desk in an office
Representatives of Moldova’s Chamber of Commerce and Industry (CCIRM) have taken part in a European Union (EU) Twinning programme, visiting their counterparts in Brussels and coming away with valuable ideas and tips on how to improve the support and services the CCIRM offers its own business community. East Invest 2, a project being supported by the EU, is assisting the CCIRM with learning from...
When Andriy Zavalnyuk, and his wife and business partner Julia, from Ukrainian furniture distributor Meblevi Technologii approached the EBRD for help building a new website, they were in for a surprise. The bank’s Advice for Small Businesses team suggested that what they really needed was a reorganisation of the company. The results were immediately impressive. An eight-month project to make its...
Moldova
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EBRD and EU open up trade opportunities for winery Vinaria din Vale By Volker Ahlemeyer Moldova ’s wine-makers are only partly known in European countries. And yet they can look back on a proud 4,000-year-old tradition of cultivating grapes in the country’s river valleys. It is thus not a surprise that Moldova boasts some enormous wine cellars, including the world’s largest, Milestii Mici,...
A woman sewing © EBRD
by Nina Tsintsadze With joint EBRD and EU credit line, Fashion House Materia tailored its business to meet EU standards “Materia” means fabric in Georgian, without doubt a winning name for a fashion house based in Tbilisi. The local brand offers its customers the premium clothing line Materiel and more affordable products under the Dots line. The company also works closely with the government of...
Georgia’s first wind farm is now efficiently supplying clean energy to the country’s electricity grid - thanks to a USD 3.6 million loan from the EU4Business Green for Growth Fund (GGF). The 20-Megawatt Qartli wind farm, in the municipality of Gori in central Georgia, is the country’s first such facility. Comprising six 3.45 MW Vestas V117 turbines, it finished testing and became fully...
BMI LLC , a copper manufacturer in Azerbaijan, has successfully adapted its financial statements to comply with international standards, all thanks to funding from the European Union (EU) under the EU4Business Initiative, combined with support from the European Bank for Reconstruction and Development (EBRD). BMI LLC has been operating in Azerbaijan since 2005 and specialises in the production of...
label and packaging producer
Domen Druk , a printing and packaging company from Ukraine, has managed to boost its export sales, enter four new markets and increase turnover by an impressive 30%, following EBRD efforts backed by funding from the European Union (EU) under the EU4Business Initiative. By penetrating new international export markets and producing positive business results, this EBRD project has helped Domen Druk...
Women sitting at two tables
Businesswoman Valentyna Sukacheva knows how to deal with the hard stuff of everyday life. She is the Director of the metal service centre ‘STB’ in Chernigiv, a city in the north of Ukraine. Since the prolonged post-Soviet stagnation, Chernigiv has struggled economically. However, businesswomen like Valentyna, who has run a business in the rolled metal trade for over 20 years, are working hard to...