News/Press

OECD maps Covid-19 policy response in the Eastern Partnership
10/04/2020
The outbreak of the Covid-19 crisis on public health in the six EU Eastern Partner (EaP) countries remains limited to date, yet containment and social distancing measures have had a significant economic impact, particularly on small and medium-sized enterprises (SMEs). The OECD estimates that the decline in the level of economic output is equivalent to a decline in annual GDP growth of up to 2...
Helping companies go digital during times of self-isolation
Georgia
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07/04/2020
Today, when all around the world people are practicing self-isolation and social distancing, some small businesses are doing their best to re-arrange their operations. Some do so successfully with tools made available with help from the EBRD and EU4Business. The case in point is supermarket Georgita in Tbilisi, Georgia . The company started its operations in 2001. Over the years, it opened two...
Supporting the Georgian food industry at times of Covid-19
Georgia
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06/04/2020
EBRD and EU4Business help local poultry farm Chirina boost its capacity Early February now seems a lifetime ago, but back then, a chicken farm in Georgia was preparing for a new milestone: Chirina was adding 14 new turnkey broiler farmhouses to i ncrease production by 50 per cent , calling for a grand celebration. A little help from friends, including the EBRD and EU4Business, contributed to the...
Western Ukrainian businesses receive new funds from EBRD and EU
Ukraine
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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...
The EU stands by SMEs during coronavirus pandemic
02/04/2020
As part of the global response to the coronavirus outbreak, the European Commission stands by Eastern partner countries and has reallocated €140 million for the most immediate needs in Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova, and Ukraine . In addition, the Commission will also redirect the use of existing instruments worth up to €700 million to help mitigate the socio-...
EU4Business supports Georgian production of 40,000 medical gowns so far to help COVID-19 response
Georgia
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27/03/2020
A project by EU4Business and German Government helped Georgian startup company, Doctor Goods, manufacture 40,000 medical gowns in a week to address the COVID-19 pandemic. Georgian producer of medical textiles, Doctor Goods, was able to produce 40,000 medical gowns in a week after 12 additional sewing machines were purchased with support from the EU4Business Initiative of the European Union and...
Trade agreements with Georgia and Moldova – evaluation
20/03/2020
About this initiative The evaluation will examine the costs and benefits of the EU’s “Deep and Comprehensive Free Trade Area Agreements” with Georgia and Moldova. These are part of the Association Agreement each country has with the EU. The study will assess the impact these trade agreements have had on trade and the economy, society at large, workers, human rights and the environment in each...
Ukrainian apparel companies got expert recommendations on how to improve their wholesale technologies
Ukrainian apparel companies got expert recommendations on how to improve their wholesale technologies
Ukraine
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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
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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...
Armenian companies showcase their products at BioFach trade fair
Armenia
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21/02/2020
Seven Armenian companies participated in the leading international trade fair for organic products, BioFach 2020 in Nuremberg on 12 - 15 February, thanks to support of the International Trade Centre (ITC) and its partners. The participating companies are beneficiaries of Ready to Trade project , which is funded by the European Union, as part of the EU4Business initiative and aims to connect SMEs...