News/Press

The DCFTA Initiative East Guarantee Facility provides loans for SMEs
Five hundred and ninety loans have been issued for a total amount of €92 million in Georgia, the Republic of Moldova and Ukraine under the European Investment Bank’s DCFTA Initiative East Guarantee Facility, which benefits from financial support from the European Union under the EU4Business initiative. The first newsletter on the impact of the Guarantee Facility until December 2018 said 64% of...
The EU is releasing new funds for SMEs in Moldova
The European Bank for Reconstruction and Development (EBRD) and the European Union are providing €10 million in new financing for Moldova-Agroindbank (MAIB) and Victoriabank, following steps by Moldova ’s key lenders to achieve transparency of ownership and to restore corporate governance. The loans worth €5 million each are provided through the EU4Business-EBRD credit line and are accompanied by...
The OECD meeting in Chisinau
Two meetings have been held in Chisinau in support of SME development in Moldova, organised by the OECD in the framework of the EU-funded project ‘ EU4Business: From Policies to Action ’. On 2 April, the working group of the project on ‘Supporting the implementation and monitoring of Moldova’s SME Development Strategy’ held its first working group meeting, followed on 4 April by an SBA Public-...
EFSE’s main target group is micro and small enterprises (MSEs) and low-income households
The European Fund for Southeast Europe (EFSE) has announced the expansion of its fund structure to promote lending in local currencies. Backed by a contribution of €44 million from the European Union’s EU4Business initiative, and €12 million from the German Federal Ministry of Economic Cooperation and Development (BMZ), the new ‘L-shares’ will be used to enhance local currency financing in the...
BusinessCool
The first phase of the ‘BusinessCool’ training programme for social entrepreneurs was completed with a final session on 15-17 February in Riscova, Moldova. Funded by the Entrepreneurship Academy of the European Fund for Southeast Europe (EFSE), the workshops were conducted by the local business support organisation EcoVisio at its training centre for social businesses and start-ups, as part of...
EU Commissioner Hahn at the Business Forum with the EU4Business Secretariat’s team
The European Union has issued a strong message of support for economic growth and jobs in its Eastern Partner countries, during two high-level Eastern Partnership (EaP) events held in Vienna on 6 and 7 December. “ It’s our aim to export stability, prosperity and consequently resilience in the area of the economy, society but also policy,” Commissioner for EU Neighborhood Policy and Enlargement,...
Participants in the STAREP workshop in Vienna
A two-day workshop in Vienna on November 28-29 has brought together participants from three regional programmes – STAREP, EU-REPARIS, and PULSAR – which support enhanced financial reporting practices in the private and public sectors in the EU-Eastern Partnership countries and the Western Balkans. STAREP is an EU4Business programme on Strengthening Auditing and Reporting in the Eastern...
Over 40 people took part in the training
A two-and-a-half day workshop designed for banking supervisory staff was held in Chisinau between 5 and 7 December, as part of the EU4Business STAREP project on 'Strengthening Auditing and Reporting in the Eastern Partnership'. Speakers included senior staff from the World Bank’s Centre for Financial Reporting Reform, experts in accounting standards, as well as representatives of commercial banks...
The OECD has held a workshop in Chisinau on the monitoring of Moldova’s SME Development Strategy, as part of the EU4Business: From Policies to Action project, funded by the European Union. The workshop, held on 29 November , was organised in cooperation with the Ministry of Economy and Infrastructure. It allowed international experts and Moldovan stakeholders involved in the implementation and...
Investments to finance upgrades of local businesses to EU standards
Small businesses in Moldova will soon be able to improve products and services to European Union (EU) standards, as the EBRD and EU are opening new funding opportunities to upgrade firms’ operations. The EBRD is providing a €5 million loan to the Chisinau-based subsidiary of Banca Comercială Română, or BCR. The financing is provided within the EU4Business-EBRD credit line , which the EU is...