Success stories

With funding from the European Union under the EU4Business Initiative, the European Bank for Reconstruction and Development (EBRD) helped Shuvar LLC, the first wholesale market for food and agricultural products in Ukraine, to introduce a smart energy strategy, reducing energy costs by 24% - amounting to EUR 90,000 in annual savings. The EBRD helped Shuvar to adapt to the volatile economic...

by Nina Tsintsadze The EBRD and the EU have helped a traditional brewery in Batumi, Georgia, upgrade its production and enhance quality to meet European standards. A beautiful seaside town with blue sky, a stony shore and surrounding mountains – over the past decade, the city of Batumi on Georgia ’s Black Sea coast has become a hotspot for travellers not only from neighbouring countries, but...

With funding from the European Union under the EU4Business Initiative, the European Bank for Reconstruction and Development helped ScienceSoft, a software producer from Belarus, to diversify its client base and to expand business through a merger, increasing turnover by 65% in one year. The EBRD helped ScienceSoft to almost double in size and to diversify its client base , as well as to overhaul...

A Moldovan footwear manufacturer is growing its business substantially with help from the European Bank for Reconstruction and Development Advice for Small Businesses programme . Chisinau-based Oldcom SA has been able to open three new shops, increase revenues by 10%, launch 50 new items of footwear, and begin exporting to the neighbouring Ukrainian market – thanks to productivity improvements in...