News/Press

Sustainable energy and women entrepreneurs
Belarus
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27/09/2016
The European Bank for Reconstruction and Development (EBRD) has launched new credit facilities worth €10 million to support sustainable energy projects and women entrepreneurs The Bank is stepping up its investments in Belarus by extending new credit lines of up to €10 million to Belinvestbank. The two credit facilities consist of an €8 million credit line under the Belarus Sustainable Energy...
Improving SME product quality
Improving SME product quality
Georgia
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23/09/2016
EU4Business, the European Bank for Reconstruction and Development (EBRD) and the Bank of Georgia have joined forces to launch a new financing facility to support local SME development The EBRD, in partnership with the Bank of Georgia, has launched a new EBRD-EU financing facility to support local SME development, in the context of the country’s Association Agreement and Deep and Comprehensive...
EU announces €13.5 m package for Azerbaijan
EU announces €13.5 m package for Azerbaijan
Azerbaijan
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21/09/2016
The new funding aims to continue support for economic diversification in the areas of financial, economic and judicial governance and boost SME competitiveness and export possibilities The EU has announced a €13.5 million targeted assistance package to enhance the competitiveness of, and export opportunities for, small and medium-sized businesses in Azerbaijan, as well as improving the business...
EU is Azerbaijan's main trade partner
EU is Azerbaijan's main trade partner
Azerbaijan
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21/09/2016
Forty-seven percent of all Azerbaijan’s trade was with the EU last year, says the country's European Integration Minister Azerbaijan is playing an important role in assuring Europe's energy security and is maintaining strong cooperation with the European Union through investment and exchange programmes, such as twinning and the Technical Assistance and Information Exchange Instrument (TAIEX)...
New EU support for private sector development
New EU support for private sector development
Belarus
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19/09/2016
The European Union has announced the doubling of the bilateral assistance package to Belarus to €29 million in 2016 The funding package has doubled from €14.5 million in 2015 to €29 million in 2016, with the aim of boosting private sector development and strengthening institutions in the country. Funding will be provided to strengthen private sector development (€14 million) by contributing to...
EBRD allocates €10 million towards energy efficient buildings in Chisinau
Moldova
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15/09/2016
The European Bank for Reconstruction and Development (EBRD) is set to allocate € 10 million towards a project that aims to increase the energy efficiency of Chisinau’s buildings. On 30 November 2016, the EBRD will finalise a decision to allocate €10 million towards increasing the energy efficiency of Chisinau’s buildings. This funding is in addition to a €5 grant previously announced by the...
EU creates online platform for winemakers
EU creates online platform for winemakers
Georgia
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14/09/2016
The new database will provide a range of information on Georgian wine producers and help them to explore export opportunities in the EU New opportunities are opening for Georgian winemakers and wine-lovers through a new EU-funded programme to spur growth in exports of Georgian wine to the EU market. The new online database being developed will provide a range of information about wine producers...
COMERTBANK signs partner agreement
COMERTBANK signs partner agreement
Moldova
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07/09/2016
BC "COMERTBANK" SA is the first bank to accept the conditions proposed by ODIMM concerning the procedure for guaranteeing loans for SMEs The Organisation for Development of Small and Medium Sized Enterprises (ODIMM) and BC "COMERŢBANK" SA have signed a new cooperation agreement which provides for simplifying and improving the procedure for granting credit guarantees to SMEs. This is the first of...