News/Press

A participant at the second International Business Women’s Conference in Chernihiv
The second International Business Women’s Conference was held on 7 September, organised by the Chernihiv Chamber of Commerce in Ukraine. The conference took place thanks to the financial support of the European Bank for Reconstruction and Development (EBRD) as part of the EU4Business initiative of the European Union. This conference saw successful representatives of the Chernihiv business...
Eastern Partnership: Ready to Trade – an EU4Business Initiative seeks to improve competitiveness of small and medium-sized enterprises in six Eastern Partnership countries An initiative project to help small and medium-sized enterprises (SMEs) in Eastern Partnership (EaP ) countries to integrate into global value chains has been launched by the European Union and the International Trade Centre (...
business team
The Sumy region is most business-friendly region in Ukraine, according to the ‘ Regional Doing Business rating ’, developed by the Better Regulation Delivery Office (BRDO), set up under EU4Business FORBIZ project, and the Union of Ukrainian Entrepreneurs (SUP). The top five regions are the Sumy region, which received the highest score (107) for the best business climate, followed by Lviv (103...
inland waterways
Ukraine has 4,000km of potential inland waterways, but actually uses less than 10% of its river freight transport capacity, with inland waterways accounting for less than 1% of total freight traffic, compared to an average of 7% in the EU, according to a review of the sector carried out by the Better Regulation Delivery Office (BRDO), set up under EU4Business FORBIZ project. Representatives from...
Andrea Wiktorin, Suma Chakrabarti and Vladimir Zinvovsky addressing media
Small Business Advice programme expands in remote regions of Belarus with €6 million in additional funds provided by EU. The European Union (EU) is providing a major boost to small businesses in Belarus, with a pledge of €6 million in additional funds over a period of four years for the EBRD’s Advice for Small Business (ASB) programme. Over 200 domestic small and medium-sized enterprises (SMEs)...
Local currency lending in Belarusian rubbles
The EBRD and Belarus are joining forces to improve the domestic investment climate and corporate standards, with new initiatives in the area of local currency lending to small and medium-sized enterprises (SMEs) and the commercialisation and governance of state-owned enterprises. The agreements mark an important contribution to the EU4Business objective of supporting SME growth by facilitating...
Vardanush Petrossian opened a health food café in Yerevan with support from EU4Business and the EBRD.
EU4Business is providing EUR 8.33 million of local currency loans in Armenia to help women entrepreneurs and SMEs and micro-enterprises in rural areas. Two on-lending programmes are being implemented by the European Bank for Reconstruction and Development (EBRD) through Araratbank to meet a growing demand for financing from women-led and rural businesses. Loans and advice for Armenian...
On 19-22 June 2017, Advice for Small Businesses of the European Bank for Reconstruction and Development (EBRD) organised a training course on ‘Marketing and Selling Consulting Services’ for local consultants in the Republic of Moldova. The overall objective of the training was to build the capacity of local consultants in the Republic of Moldova (hereinafter referred to as Moldova) in order to...
EBRD President Sir Suma Chakrabarti (left) heard about the progress of the EU4Business-EBRD joint financing programmes for SMES on his visit to Georgia.
The President of the European Bank for Reconstruction and Development , Sir Suma Chakrabarti, visited Georgia on 5 and 6 September to discuss ways of further strengthening the country’s economic performance. Sir Suma met Prime Minister Giorgi Kvirikashvili and other top government ministers and was a guest at a session of the Investors’ Council , a platform for public-private dialogue set up by...
ProCredit Bank signed an agreement on 5 September with the German-Ukrainian Fund to provide local currency loans to Ukrainian SMEs.
Ukrainian SMEs will benefit from a new EUR 10 million local currency lending facility to be operated through Ukrainian banks. ProCredit Bank signed an agreement with the German-Ukrainian Fund under the SME Promotion Program, funded by the German Government in cooperation with EU4Business. The facility provides lending at 15% per year in Ukrainian hryvnia and will be managed by German state...