News/Press

EFSE’s main target group is micro and small enterprises (MSEs) and low-income households
The European Fund for Southeast Europe (EFSE) has announced the expansion of its fund structure to promote lending in local currencies. Backed by a contribution of €44 million from the European Union’s EU4Business initiative, and €12 million from the German Federal Ministry of Economic Cooperation and Development (BMZ), the new ‘L-shares’ will be used to enhance local currency financing in the...
EU Commissioner Hahn at the Business Forum with the EU4Business Secretariat’s team
The European Union has issued a strong message of support for economic growth and jobs in its Eastern Partner countries, during two high-level Eastern Partnership (EaP) events held in Vienna on 6 and 7 December. “ It’s our aim to export stability, prosperity and consequently resilience in the area of the economy, society but also policy,” Commissioner for EU Neighborhood Policy and Enlargement,...
Beneficiaries of the EU-UNDP project
In the north-west regions of Azerbaijan, the UNDP and the government are helping local communities establish smallholder family businesses , with substantial financial support from the European Union, as part of the EU4Business initiative. The joint project signed just under a year ago aims to promote rural entrepreneurship, inclusive employment and technological innovation in 6 regions of the...
Participants in the STAREP workshop in Vienna
A two-day workshop in Vienna on November 28-29 has brought together participants from three regional programmes – STAREP, EU-REPARIS, and PULSAR – which support enhanced financial reporting practices in the private and public sectors in the EU-Eastern Partnership countries and the Western Balkans. STAREP is an EU4Business programme on Strengthening Auditing and Reporting in the Eastern...
Today in Vienna, the Austrian Presidency of the Council of the European Union together with the European Commission will host the 5 th Eastern Partnership Business Forum followed by the Eastern Partnership’s Annual Conference on 7 December. The two events will bring together high level representatives from the EU and the six Eastern Partners - Armenia , Azerbaijan , Belarus , Georgia , the...
The kick-off meeting of Entrepreneurship for Youth
The EU last week launched a youth entrepreneurship project in Azerbaijan, aiming to strengthen capacity building and to ensure greater civil society participation in the development of the entrepreneurial eco-system. The EU-funded ‘Entrepreneurship for Youth’ aims to promote dialogue among stakeholders and engage local entrepreneurs, business professionals and representatives of CSOs in capacity...
The international Trade Centre is organising the participation of 32 agro-processing companies from Armenia, Azerbaijan, Georgia and Ukraine in the SIAL International Food Exhibition in Paris on 21-25 October, within the framework of the EU4Business ‘Ready to Trade’ project. The objective is to present the companies and their products to the EU market and establish business links with EU buyers...
3rd Working Group meeting on the project “Supporting the Implementation and Monitoring of Azerbaijan’s SME Roadmap”
The OECD held the third Public-Private Working Group meeting of the project on ‘Supporting the implementation and monitoring of Azerbaijan's SME roadmap’ in Baku on 26 September. The project is part of the broader ‘ EU4Business: From Policies to Action ’ programme implemented by the OECD across the Eastern Partnership and funded by the EU in the framework of its EU4Business initiative. The...
Training on product listing in Azerbaijan
Following up on a first workshop on product listing in May this year, a second workshop was held in Baku at the end of August, as part of the recently launched EU4Business ‘ Ready to Trade ’ project, which aims to increase the competitiveness of SMEs from Azerbaijan and other Eastern Partnership countries, and to improve access to a more global market, with a particular focus on the European...
Bridging the Gap: EFSE impact report
The European Fund for Southeast Europe (EFSE) released its Impact Report today, showcasing the fund’s accomplishments in supporting entrepreneurs as the drivers of micro and small enterprises (MSEs) – the economic backbone of the fund’s target regions. EFSE aims to foster economic development and prosperity in Southeastern Europe and in the European Eastern Neighbourhood region – where it...