News/Press

Interest Rate Compensation Programme for SMEs
Rock bottom interest rates for Ukrainian SMEs, thanks to EU4Business
Ukraine
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30/01/2018
Small and medium-sized enterprises (SMEs) in the Ukrainian capital Kyiv now have the opportunity to access investment loans at just 7.5% – half of the nominal rate of 15% – thanks to the Interest Rate Compensation Programme for SMEs, an EU4Business initiative implemented by the German-Ukrainian Fund (GUF), with funding from the EU and Germany through the German Development Bank KfW. In the...
Export education platform
Export education for everyone: educational online platform for exporters launched
Ukraine
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30/01/2018
The Export Promotion Office at the Ukrainian Ministry of Economic Development and Trade has launched an educational online platform implemented in the framework of its Export Revolution Ukraine training course for basic level exporters. From now on, all the materials of the course are on one page: webinars videos, accompanying materials, case studies, texts and materials for self-preparation. The...
The winners of the Start-up Weekend
Start-ups to receive EU funding following pitching competition at rural business school in Belarus
Belarus
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26/01/2018
A number of start-ups will receive financial support from the EU following a ‘Start-up Weekend’ held on 12 January at the School of Rural Business in Kamarova in Belarus. The Start-up Weekend saw budding entrepreneurs present their business plans in competition for financial support from an EU-funded local development project. The participants were students of the school, who were trained from...
The meeting between ODIMM and Partner Banks
Access to finance in focus as Organization for SME Sector Development meets with local banks
Moldova
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26/01/2018
On January 17, 2018, the Organization for Small and Medium Enterprises Sector Development (ODIMM) from Moldova held a meeting with partner banks to review performances of the Credit Guarantee Fund during the past year. The Credit Guarantee Fund is a state-funded programme for SMEs implemented by ODIMM as part of the national policy on facilitating SMEs' access to financial resources. The fund was...
Belarus Fund for Support of Entrepreneurship
Belarus: ministry offers funding to best SME investment projects
Belarus
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26/01/2018
The Belarusian Fund for Support of Entrepreneurship has announced a contest of investment projects among small businesses. Applications are accepted until 31 January 2018, and the winners will be eligible to state financial support in the form of a loan (on a reimbursable basis) and leasing of assets (finance lease). State support will be provided for investment projects to start up or develop...
Inspection Portal Web Service
BRDO launches online Inspection Portal for Ukrainian businesses
Ukraine
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25/01/2018
The Better Regulation Delivery Office (BRDO) in Ukraine has launched an Inspection Portal Web Service ( www.ias.brdo.com.ua ) – a pilot module for an online service and risk-management tool that will transform Ukraine’s business inspection system and interactions between state inspections and businesses, increase transparency for Ukrainian entrepreneurs and investors, and provide oversight...
Raiffeisen Bank Aval, one of Ukraine’s largest financial institutions
EBRD and Raiffeisen Bank Aval join forces to support Ukrainian firms
Ukraine
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23/01/2018
Loans to small and medium-sized enterprises (SMEs) in Ukraine and to selected larger companies, as well as for renewable energy projects, will become available to a greater number of domestic firms following the signing of a Risk Sharing Facility (RSF) under the EU4Business initiative, between the European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank Aval in Kyiv on 22...
The decision was approved on 22 December 2017
EIB provides Ukrainian bank with €12 million in guarantees to support SME loans
Ukraine
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19/01/2018
The European Investment Bank (EIB) has provided Raiffeisen Bank Aval (Kyiv) with €12 million in guarantees for the support of lending to small- and medium-sized enterprises (SMEs). The Guarantees are provided under the Deep and Comprehensive Free Trade Area (DCFTA) Initiative East - Guarantee Facility, a programme that is part of the EU4Business initiative. The decision was approved on 22...
The agreement will bring down SME interest rates in Ternopil
Lending boost for SMEs in Ternopil as German-Ukrainian Fund signs agreement for interest rate subsidies
Ukraine
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19/01/2018
On January 18, the German-Ukrainian Fund (GUF) and the Ternopil Regional State Administration (Ternopil RSA) signed a memorandum on cooperation in the area of financing and development of small and medium-sized enterprises (SMEs) in the Ternopil region. Part of the EU4Business SME Finance Facility in Ukraine, the agreement allows joint implementation of a programme of interest rate subsidy for...
Ana Statova welcomes her guests
In ‘the biggest village in Europe’, a single mother develops a profitable business from ethno-tourism… with EU support
Moldova
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17/01/2018
Ana Statova, a single mother of two, has recently become a local celebrity in the Gagauzia region of Moldova. News about the traditional touristic complex ‘Gagauz Sofrasi’ built in the village of Congaz has travelled fast. Ambitiously named ‘The biggest village in Europe’ , Congaz is proud of the complex reproduces the setting and charm of traditional peasant houses: stoves with heated beds,...