News/Press

A new programme for structural reform in Moldova has been launched by the United States Agency for International Development (USAID), aiming to contribute to structural reforms to regulate and stimulate business and trade in the country. The programme's promoters aim to promote Moldovan exports to the European Union market over the next four years, and to make the business environment more...
6,406 enterprises were registered in Moldova in 2017
A total of 6,406 enterprises were registered in Moldova in 2017, 13% more than in the previous year. According to the State Registration Chamber, about 64% of them are registered in Chisinau. On January 1, 2018, the State Register of Legal Entities contained information about 169,400 companies, of which 57.8% (97,900) were limited liability companies, 33.3% (56,500) individual enterprises, 2.6% (...
Economic Policy Support Project
Boosting economic growth and increasing incomes for ordinary Belarusians are the main goals of the Economic Policy Support Project, launched jointly today by the European Union and the World Bank. “The European Union considers the economic development of Belarus as an area of common interest and supports the country’s economic progress,” said Andrea Wiktorin, Head of the EU Delegation to Belarus...
SMEDA BMO Academy
The first round of the three-week Academy for Armenian Business Membership Organisations (BMOs) was launched this week, organised by the EU4Business SMEDA project (Support to SME Development in Armenia) . Around 13 participants representing Armenian BMOs that have SMEs as members were present to learn international best expertise on how to become an efficient organisational unit that supports,...
Johannes Hahn and Vladimir Makei
The European Union is intensifying its cooperation with Belarus, with financial support of €29 million, more than double the budget initially planned, European Commissioner for Neighbourhood Policy Johannes Hahn said on a visit to Minsk on 30 January. Speaking following a meeting with Foreign Minister Vladimir Makei, Hahn said they had discussed EU-Belarus relations and the importance of closer...
EBRD in Belarus
The European Bank for Reconstruction and Development (EBRD) plans to increase the financing of projects in Belarus in 2018, the Head of the EBRD Office in Belarus Alexander Pivovarsky told reporters in Minsk. “Our loan portfolio in Belarus currently makes up about €500 million. I hope it will become even bigger by the end of this year. In 2017, the volume of operations in Belarus amounted to €163...
Interest Rate Compensation Programme for SMEs
Small and medium-sized enterprises (SMEs) in the Ukrainian capital Kyiv now have the opportunity to access investment loans at just 7.5% – half of the nominal rate of 15% – thanks to the Interest Rate Compensation Programme for SMEs, an EU4Business initiative implemented by the German-Ukrainian Fund (GUF), with funding from the EU and Germany through the German Development Bank KfW. In the...
Export education platform
The Export Promotion Office at the Ukrainian Ministry of Economic Development and Trade has launched an educational online platform implemented in the framework of its Export Revolution Ukraine training course for basic level exporters. From now on, all the materials of the course are on one page: webinars videos, accompanying materials, case studies, texts and materials for self-preparation. The...
The winners of the Start-up Weekend
A number of start-ups will receive financial support from the EU following a ‘Start-up Weekend’ held on 12 January at the School of Rural Business in Kamarova in Belarus. The Start-up Weekend saw budding entrepreneurs present their business plans in competition for financial support from an EU-funded local development project. The participants were students of the school, who were trained from...
The meeting between ODIMM and Partner Banks
On January 17, 2018, the Organization for Small and Medium Enterprises Sector Development (ODIMM) from Moldova held a meeting with partner banks to review performances of the Credit Guarantee Fund during the past year. The Credit Guarantee Fund is a state-funded programme for SMEs implemented by ODIMM as part of the national policy on facilitating SMEs' access to financial resources. The fund was...