News/Press

COVID-19: Weekly Digest on Impact on SMEs in EAP
17/04/2020
Armenia The Government reopened some sectors of the economy . While Armenia extended the state of emergency for another 30 days restricting movement of people, it relaxed some industries such as open-air construction and cigarette manufacturing. Read More The Armenian economy loses 51 million USD daily because of the coronavirus. During the first month of the state of emergency Armenia will lose...
EU4Business Weekly Digest of Reports on Economic Impact on SMEs in EAP
14/04/2020
Armenia The spread of coronavirus disease "due to anti-epidemic measures will significantly reduce Armenia's economic growth in 2020," the CB analysts said. In 2020, economic growth will be 0.7% and will recover in 2021, reaching 7.2%. https://bit.ly/civilnet-am Coronavirus caused $134 million damage to the tourism industry of Armenia in the first quarter of 2020. The State Tourism Committee...
EU4Business project helped up to 100 Georgian SMEs connect in business clusters for better access to the EU market
Georgia
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12/04/2020
Up to 100 Georgian SMEs are now in a better position to take advantage of the benefits that the free trade agreement between the EU and Georgia provides via joining business clusters. With support from the EU4Business Initiative of the European Union SME Development and DCFTA in Georgia Project supported establishment of three business clusters in Georgia and laid a groundwork for the other two,...
Helping companies go digital during times of self-isolation
Georgia
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07/04/2020
Today, when all around the world people are practicing self-isolation and social distancing, some small businesses are doing their best to re-arrange their operations. Some do so successfully with tools made available with help from the EBRD and EU4Business. The case in point is supermarket Georgita in Tbilisi, Georgia . The company started its operations in 2001. Over the years, it opened two...
Supporting the Georgian food industry at times of Covid-19
Georgia
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06/04/2020
EBRD and EU4Business help local poultry farm Chirina boost its capacity Early February now seems a lifetime ago, but back then, a chicken farm in Georgia was preparing for a new milestone: Chirina was adding 14 new turnkey broiler farmhouses to i ncrease production by 50 per cent , calling for a grand celebration. A little help from friends, including the EBRD and EU4Business, contributed to the...
EU4Business supports Georgian production of 40,000 medical gowns so far to help COVID-19 response
Georgia
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27/03/2020
A project by EU4Business and German Government helped Georgian startup company, Doctor Goods, manufacture 40,000 medical gowns in a week to address the COVID-19 pandemic. Georgian producer of medical textiles, Doctor Goods, was able to produce 40,000 medical gowns in a week after 12 additional sewing machines were purchased with support from the EU4Business Initiative of the European Union and...
Trade agreements with Georgia and Moldova – evaluation
20/03/2020
About this initiative The evaluation will examine the costs and benefits of the EU’s “Deep and Comprehensive Free Trade Area Agreements” with Georgia and Moldova. These are part of the Association Agreement each country has with the EU. The study will assess the impact these trade agreements have had on trade and the economy, society at large, workers, human rights and the environment in each...
New “Eastern Partnership Trade Helpdesk” Project by ITC Extends EU4Business Portfolio
13/02/2020
The Eastern Partnership (EaP) Trade Helpdesk, a new EU4Business project implemented by the International Trade Centre (ITC), a joint agency of the United Nations and the World Trade Organization, was launched in late 2019. The 5 year long initiative aims to increase economic ties between the EU and the EaP countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine). The project will:...
New EU4Business Project to Connect Companies in the Eastern Partnership countries with EU
06/02/2020
“EU4Business: Connecting Companies” is the name of an ambitious new action funded under the EU4Business initiative of the European Union and managed by EUROCHAMBRES . The main aim is to promote trade between the EU Member States & the 6 Eastern Partnership (EaP) countries: Armenia, Azerbaijan, Belarus, Georgia, Moldova & Ukraine. The “EU4Business: Connecting Companies” project is expected...
EU4Business General Assembly: looking back on a decade of achievements and forward to the challenges ahead
EU4Business General Assembly: looking back on a decade of achievements and forward to the challenges ahead
24/07/2019
The third meeting of the EU4Business General Assembly took place on 28 June 2019 in Brussels, and marked the 10th anniversary of the EU4Business Initiative. During this high-level event, the EU4Business Secretariat shared the results achieved during the last decade, as well as the progress made specifically in 2018. The 2019 General Assembly provided a unique opportunity for 83 participants,...