News/Press

Weekly Digest on Impact on SMEs in EAP (June 26, 2020)
26/06/2020
Armenia 820 SMEs have already received assistance from the Armenian government through its 3 rd action. Ministry of Economy suggests applying for preferential loans up to a maximum of 50mln AMD (more than US$ 104,500) by June 30, 2020. https://bit.ly/3i4QJnI 50,094 jobs restored in Armenia after coronavirus-related strict restrictions were lifted in May . Nikol Pashinyan, the Prime Minister of...
Fresh food producers from Africa and Eastern Europe take part in innovative virtual trade fair
Fresh food producers from Africa and Eastern Europe take part in innovative virtual trade fair
18/06/2020
ITC supported dozens of companies to participate in 2020’s entirely virtual United Fresh LIVE! trade fair Dozens of fresh produce companies trading in everything from avocados to hazelnuts from Africa and Eastern Europe have participated in a unique online edition of a leading fruit and vegetable trade fair. ITC experts assisted the companies in navigating the novel format of United Fresh LIVE!...
COVID-19: Weekly Digest on Impact on SMEs in EAP (June 12, 2020)
12/06/2020
Armenia Armenia is unlikely to have 2020 tourism season, Armenian Tourism Association states. “Keeping the positions for 3 months, the tourism sector gives up by cutting the staff”, reads the statement raising the issue of Armenia’s land border with Georgia staying closed. Read More Face masks in Yerevan available from self-service machines. A joint effort of “Tavish textiles”, Tavish region-...
OECD launches a series of Covid-related peer review sessions for Belarus, Moldova and Ukraine
10/06/2020
OECD is inviting you to register for three peer review sessions in zoom webinar format in the coming weeks. The webinars will focus on country-specific priorities in the wake of Covid-19 economic shocks. MOLDOVA: 17 June Deeper integration with foreign markets and development of supply-chain linkages offer a way out of the Covid-19 crisis for a small open economy like Moldova. The OECD Eurasia...
Weekly Digest on Impact on SMEs in EAP
05/06/2020
Armenia 8,923 beneficiaries received a total of 1.7 billion AMD (more than US$ 3.5 million) from the Armenian government within the 18th measure aiming to pay every fifth employee’s salary to those employers and companies that have saved their jobs and payroll amount during the Covid-19 pandemic. Read More 19th measure to neutralize Covid-19 economic consequences in Armenia is to assist the...
EU4Business Launches Covid-19 Information Support Webpages in 6 EaP countries
28/05/2020
In the wake of the global coronavirus pandemic, the resilience of small and medium enterprises has been put to the ultimate test. The EU4Business team perfectly understand that SMEs face challenges to keep their business afloat. Entrepreneurs find it difficult to regularly adapt to newly-emerging regulations and market requirements, maintain the workforce, seek investments and continue operations...
Moratorium on inspections, or is it true that inspections can be carried out even during quarantine?
Ukraine
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27/05/2020
The moratorium on inspections is a broad concept used by both government officials and the media. In Ukraine, there are at least two major categories of inspections that people usually haven’t been told much about. The first category subject to the moratorium during the quarantine is the so-called state supervision (control) of economic activities. It is identified by spheres of control and NOT...
COVID-19: Weekly Digest on Impact on SMEs in EAP (22 May)
25/05/2020
Armenia The state of emergency in Armenia is extended for 30 days till June 13, while financial and economic activities can be undertaken under specific conditions. Read More A total of 84.4 billion AMD (about US$ 175 million) have been distributed by the government as of May 16, 2020 to 48,400 legal entities and more than 1 million individuals. With the 3rd measure dedicated to SMEs, the...
COVID-19: Weekly Digest on Impact on SMEs in EAP (May 15)
15/05/2020
Armenia About 14,000 economic entities (93.3% of the potential beneficiaries) with 2 to 50 employees received a total of about 2.2 billion AMD (about US$ 4.5 million) as the result of the measure aimed at mitigating the economic circumstances of Covid-19, according to the State Revenue Committee. Read More 70.3 billion AMD (about US$ 145 million) was distributed through 17 actions of the...
Safety first: #StartBusinessChallenge provides full recommendations for business during quarantine
Ukraine
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13/05/2020
Lifting quarantine rules on May 11 allowed a large number of small and medium-sized enterprises to go back to work. Coronavirus continues to spread, and entrepreneurs should pay special attention to the safety of both their employees and clients. That is why the Better Regulation Delivery Office (BRDO) in cooperation with the SME Development Office ( SMEDO ) operating within the Ministry of...