News/Press

Minsk Transit Bank and Belarusky Narodny Bank are important providers of SME and retail finance in Belarus
The European Bank for Reconstruction and Development (EBRD) is extending its first-ever local currency loans in Belarus by providing lines of credit to its long-term financial intermediaries Minsk Transit Bank (MTBank) and Belarusky Narodny Bank (BNB-Bank) for on-lending to small and medium-sized enterprises (SMEs) across the country. MTBank and BNB-Bank, both well-established providers of SME...
The European Commission has signed a Memorandum of Understanding with Georgia for Macro-Financial Assistance (MFA) of up to €45 million to help Georgia cover part of its external financing needs and support economic reforms. “Georgia has shown strong and lasting commitment to economic reform, which the EU has consistently supported and fostered,” said Pierre Moscovici, EU Commissioner for...
The European Fund for Southeast Europe (EFSE) has provided financing in Ukrainian hryvnia (UAH) equivalent to €10 million to the Lviv-based PJSC Kredobank. This includes a UAH 250 million (€8.2 million) investment in local bonds issued by the bank, making it the largest non-government bond investment in Ukraine in 2018. With a strong presence in Western Ukraine, Kredobank stands out as a top...
‘Successful Start’ programme
The EU4Business project for ‘ Boosting competitiveness of regional SMEs ’ in Armenia is launching the second and third rounds of its ‘Successful Start’ programme aimed at start-ups, SMEs that have been in business for the last three years, and job seekers in business managerial positions, in the regions of Armavir, Lori, and Syunik. The targeted sectors of the programme are food processing and...
Belarus has recently adopted a new law “On regulatory legal acts”, which aims to provide better public consultations and introduces regulatory impact analysis (RIA) for draft legal acts. The law is in line with OECD recommendations for policy reform to improve the business climate for SMEs. More specifically, the law includes mechanisms aimed at increasing the participation of citizens and legal...
A training workshop for Ukrainian berry exporters took place in Poland last month, organised by the ‘Eastern Partnership: Ready to Trade’ project, funded by EU as part of the EU4Business initiative . On July 17-18, the International Trade Centre together with the Ukrainian Berries Association conducted a workshop on certification under the HACCP System (ISO 22 000) in Mragowo, Poland. The project...
Ukraine recently hosted the first training workshop on certification according to the international standard Global G.A.P. The training was organised for Ukrainian berry producers by the International Trade Centre, together with the Ukrainian Berries Association as part of the ‘Eastern Partnership: Ready to Trade’ project, funded by EU as part of the EU4Business initiative. The two-day workshop...
From 2 to 10 August 2018, the International Trade Centre (ITC), together with the ‘Ukrlegprom’ association, conducted a training for export-oriented companies in the Ukrainian garment industry aimed at improving productivity. The event was organised in the framework of the ’Eastern Partnership: Ready to Trade’ project, funded by the EU under the EU4Business initiative. Twenty specialists from ten...
Aneil Singh, Head of Cooperation at the EU Delegation to the Republic of Moldova, Iulia Costin Secretary of State of the Ministry of Economy and Petru Gurgurov, Interim General Manager of ODIMM, with beneficiaries of the Business Academy for Women programme
Over a period of 18 months, more than 300 women from all over the Republic of Moldova, including including the districts on the left bank of the Nistru and the Gagauzia administrative unit, have been trained to manage their businesses, 30 mentors are now ready to support women entrepreneurs, and 10 businesses run by women benefitted from grants worth to about 120,000 lei per investment project...
Dried fruit are among the sectors supported by the project
The International Trade Centre (ITC) has officially launched the EU4Business ‘Ready to Trade’ project in Armenia. The purpose of the event was to present to the business community, institutions and government officials the main findings of its value chain analysis for selected product groups, and the roadmap of forthcoming project activities. The launch event took place in Yerevan on 4 July. In...