News/Press

The EU is working to support SMEs in Moldova
EU training mission provides export boost for Moldovan entrepreneurs
Moldova
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17/01/2018
The EU is working to support SMEs in the Republic of Moldova to expand their export markets, with a recent training session aimed at building up the capacity of the Small and Medium Enterprise Development Organisation (ODIMM) to assist domestic companies that intend sell abroad. The training session on international practices to increase the export capacity of small and medium-sized enterprises (...
Local currency loans for Ukrainian SMEs – thanks to EU4Business
Ukraine
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13/01/2018
What loans can Ukrainian businesses obtain to develop and enter international markets? Representatives of three Ukrainian banks – KredoBank, Ukrgasbank and ProCredit Bank – speak about local currency loans offered for small and medium-sized enterprises, provided by Ukrainian banks in partnership with European financial institutions – the EBRD, EIB and KfW. The loans have become available thanks...
Moldova: EU project approves 32 grants for SMEs funded by migrant remittances
Moldova
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12/01/2018
The EU-funded PARE 1+1 programme has approved 32 grant applications submitted by companies created by Moldovan migrants or their relatives for a total amount of 7.89 million lei. According to estimates, about 90 new jobs will be created, and cumulative investments in the national economy will amount to 19.43 million lei. Analysing the results of the PARE 1+1 Programme, the Secretary General of...
Boost for SMEs as GLS Bank invests €27.9 million in European Fund for Southeast Europe
12/01/2018
GLS Bank has made its second investment in the European Fund for Southeast Europe (EFSE). With its purchase of €27.9 million in EFSE notes, the bank is continuing to join forces with EFSE to ensure access to financing for micro and small enterprises and to support low-income private households in Southeast Europe and the European Eastern Neighbourhood Region, where it operates under the...
Ecological Farming Consultancy Centre opens on left bank of Dniester with EU support
Moldova
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10/01/2018
Farmers on the banks of the Dniester River in Moldova can now benefit from professional advice from the Organic Farming Consultancy Centre, established with EU support. The centre was created at the initiative of four specialised associations on the right and left bank of the Dniester River, within the framework of the EU-funded ‘Support to Confidence-Building Measures’ programme, implemented by...
Women in business: Kharkiv conference highlights harmony and success
Ukraine
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09/01/2018
An increasing number of women entrepreneurs in the modern world are striving to learn new business management tools and take their business activities to a new level. Responding to this demand, the Business Support Centre in Kharkiv recently organised a conference on ‘Women in Business. Harmony and success’, held as part of the EU4Business initiative with the support of the EBRD. On December 19...
Certification costs stifling Ukrainian tile exports
Ukraine
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08/01/2018
Production of ceramic tiles in Ukraine has been growing steadily in recent years, accounting for an increasing share of the domestic market, and with an ever-greater volume of exports, according to the latest study by the Better Regulation Delivery Office (BRDO), with the support of the EU4Business FORBIZ project. But the high cost of certification through authorised representative offices of...
Local Economic Development in Belarus
Unlocking the potential of private entrepreneurship and social enterprises for local economic development in Belarus
Belarus
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05/01/2018
The European Union and UNDP have come together to launch an important new project that will support hundreds of micro, small and medium-sized enterprises (MSMEs) across Belarus over the next three years, as part of the EU4Business initiative. The project – Local Economic Development in Belarus – builds on the growing contribution made by social enterprises and is designed to ensure they can be...
Advice for Small Businesses in Belarus
Belarus and EBRD sign agreement to support SMEs under EU4Business programme
Belarus
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04/01/2018
Belarus' Economy Ministry and the European Bank for Reconstruction and Development (EBRD) have signed a memorandum of understanding to implement the EU4Business project on ‘Supporting small and medium-sized enterprises as the main driving force for local and regional growth – advice for small businesses in Belarus’. The BelTA news agency reported that the document was signed by Belarus Deputy...
Dimitri Gvindadze, Head of the EBRD office in Chișinău, with Antoine Gabizon, President of the Management Board and CEO of Mobiasbanca.
EBRD provides new €20 million loan to Moldovan bank under EU4Business
Moldova
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03/01/2018
As part of the EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) is providing an additional €20 million loan to Moldova’s Mobiasbanca - Groupe Société Générale to meet growing demand for finance from local businesses who are investing in improving the quality of their products and services. Moldovan companies are raising standards following the establishment of...