Success stories

Georgian Film Cluster – putting Georgia on the international film production map
Georgia
 | 
15/05/2018
It has been over a year now that the Georgian film industry has come into focus of a cluster development initiative launched in Georgia with the support of the European Union. The Georgian Film Cluster is now an officially registered entity that brings together leading professionals in film production and post-production, who share a common vision for promotion of the Georgian film industry. The...
Georgia's journey from policies to action to support small and medium enterprises
Georgia
 | 
11/05/2018
With the advice of the OECD as part of the EU4Business initiative, Georgia has built a comprehensive set of policies, institutions and support programmes that make it stand out as a reference point in the Eastern Partnership for impactful and coherent policymaking for small and medium enterprises. Following the wave of liberalisations and investment-friendly reforms of the early 2000s, Georgia...
Mobile phones instead of wallets
Ukraine
 | 
09/05/2018
Thanks to new technological developments, Ukrainians are now able to use “mobile money”. The advent of this service, used worldwide, was made possible thanks to an improvement in the business climate supported by the Better Regulation Delivery Office (BRDO), financed by the European Union as part of the FORBIZ project. In Ukraine, almost 35% of the population of 16 million have no regular access...
EU4Business in Moldova: Investing in the virtual environment – the place where Vitra meets its customers
Moldova
 | 
02/05/2018
Harnessing the possibilities of the web opens up new business expansion opportunities for companies through direct interaction with their clients. Those who are aware of this cannot lose. Chișinău-based Vitra, a company specialising in designing and manufacturing commercial and industrial furniture is now convinced of this. With support from the European Bank for Reconstruction and Development (...
The new reality: growing a digital startup from Armenia to Europe and beyond
Armenia
 | 
19/04/2018
The IT sphere has grown to be one of the most important industries in Armenia, with its startups, tech entrepreneurs and innovators who believe in a high tech future. One Armenian startup has created the Triple-E Augmented Reality Platform, and is expanding its business to Europe and beyond thanks to the assistance provided by the European Union. Armenia is looking to IT to grow the economy...
When the consultant calls in the consultants: an EU4Business success story
Ukraine
 | 
13/04/2018
Sitis is a Ukrainian company specialised in ‘1C’ enterprise control systems – a universal cloud and on-premise system for automating a company’s financial and wider operational activities. In this capacity, the company has acted both as a consultant for the European Bank for Reconstruction and Development’s (EBRD) business advisory service, and as a beneficiary of those same services,...
EU support opens new horizons for Armenian fashion
Armenia
 | 
06/04/2018
Armenia is well known for its unique cultural and creative heritage. In music, film, poetry and painting, Armenia has nurtured artists known the world over, and seen its creative potential flourish. Now, Armenian fashion designers have a chance to highlight their creative flair, thanks to the ‘ Support to SME Development in Armenia ’ (SMEDA) project, co-funded by the European Union in the...
EU helps Georgian apparel industry compete on European markets
Georgia
 | 
03/04/2018
Since 1992, Elselema has been producing all types of clothing, with a particular focus on uniforms, outdoor wear, as well as casuals and knitted products for men, women and children. It’s a family business which has grown to operate two factories – both employing up to 200 workers – one in Tbilisi, and one in Lanchkhuti to the West of the Georgian capital. The company is no novice in overseas...
Helping to ‘clean up’ the business: how EU4Business transformed an electrical company in Ukraine
Ukraine
 | 
02/04/2018
With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped Ukrainian electrical manufacturer PromAvtomatika Vinnitsa to develop and ‘clean up’ the organisational structure of the business, leading to greater efficiency and flexibility. Since 2002, the company has been engaged in the production, sale and...
Supporting Georgian hazelnut growers to meet global demand
Georgia
 | 
26/03/2018
Hazelnuts are a major product for Georgian agriculture. As one of the country’s top 10 export commodities, they are a source of income for more than 50,000 farmers and dozens of processing facilities. The subtropical climate by the Black Sea shore offers particularly favourable conditions for their growth, luring international confectionary giants such as Ferrero to come to Georgia and invest in...