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COVID-19: Weekly Digest on Impact on SMEs in EAP (8 May)

08/05/2020

Armenia From May 4, 2020 vast majority of businesses including cafes and restaurants are allowed to resume their work exclusively in the open-air areas. There could be a return to the strict regime in case of aggravation of the situation. Read More Some 24,000 business entities have been already assisted by the Government of Armenia. Over 62 billion AMD (about US$ 128 million) had been provided...

EU provides UAH 123.5 mln to entrepreneurs from Donbas under EU4Business FinancEast programme

Ukraine

29/04/2020

The EU-funded FinancEast programme has announced the results of first four months of its operation. From December 2019 to April 2020, the European Union provided UAH 123.5 million in subsidies and compensation to micro, small and medium-sized enterprises (MSMEs) in the government-controlled territories of Donetsk and Luhansk regions. The programme provides for the reimbursement of up to 50% of...

COVID-19: Weekly Digest on Impact on SMEs in EAP (30 April)

24/04/2020

Armenia 167 loan applications from SMEs worth 1.6 billion AMD (about US$ 3.3 million) have been approved as of April 16, 2020. Under the effective job support measure for entities with 2-50 employees, another 1.2 billion AMD (about US$ 2.5 million) was disbursed as one-time grants. Read More The Asian Development Bank predicts 2.2% economic growth for Armenia , the World Bank keeps it lower – 1.7...

EBRD and EU4Business offer free learning opportunities for business

Ukraine

23/04/2020

Since March 2020, entrepreneurs can learn at online-events of the Business Information Support Centers (BISCs) and the Merezha online platform. Business Information Support Centers have already reoriented 10 out of 40 planned events to the online format: Management effectiveness program for medical centers; Sectoral Program of Business management in the health and beauty industry; Training "...

Rapid coronavirus response in Ukraine: from blouses to face masks

Ukraine

17/04/2020

Santa Ukraina swiftly switches manufacturing following EBRD and EU support Hundreds of fashionable dresses, blouses and skirts are the garments that textile producer Santa Ukraina usually manufactures and ships to European retail brands every day. But the coronavirus has transformed its work: “We realised very quickly that now was the time to act,” explains Evhen Dyrdin , CEO of Santa Ukraina. “...

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...

Western Ukrainian businesses receive new funds from EBRD and EU

Ukraine

03/04/2020

Small and medium-sized enterprises in western Ukraine will benefit from a new loan of up to €7.5 million to Bank Lviv provided under the EU4Business-EBRD Credit Line. The loan will be available for disbursement in Ukrainian Hryvna, which will protect Bank Lviv’s borrowers from foreign currency-related risks, and offer long maturities. The funds are provided in the context of the Deep and...

Ukrainian apparel companies got expert recommendations on how to improve their wholesale technologies

Ukraine

15/03/2020

On 9-13 March 2020, as part of the EU4Business ‘Ready to Trade’ project, the International Trade Centre in cooperation with the association “Ukrlegprom” organized training for 20 Ukrainian apparel companies and two state-owned specialized educational institutions. Participants from 15 regions of Ukraine, including owners and top managers, gathered together in Rivne to get acquainted with best...

Participation at Fruit Logistica 2020 contributes to the recognition of Ukrainian producers in the international berry market

Ukraine

01/03/2020

On 5-7 February, nine Ukrainian berry companies – Artberry, Melcherry, BigBlue, Valley-Agro, Blue Berry, Family Garden, StarBerries, iBerry, U-Berry – participated in Fruit Logistica, one of the world's largest exhibitions for the fresh food business that brought together more than 72,000 visitors this year. The companies’ participation in this trade fair was made possible thanks to the support...