Success stories

With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped UBC Promo, a manufacturer of promotional materials from Ukraine, to introduce principles of ‘Lean Manufacturing’ into its production process, improving productivity by 89%. UBC Promo was founded in 2000. Initially employing only five people, the company...
With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped WebProduction, a Ukrainian IT company to develop an effective marketing strategy. After entering the Latvian, Belarusian and Kazakh markets with the new strategy, the company recorded a 180% increase in sales and 200% growth in turnover. WebProduction was...
With funding from the European Union under the EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped an Armenian IT company to introduce Information Security Management Systems in accordance with international standards, leading to a soaring growth in exports. Under its Advice for Small Businesses (ASB) programme, the EBRD supported VOLO LLC, an IT...
With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped Ukrainian company Nebesna Krinitsa, which produces and sells bottled drinking water, to implement a system for food products safety management, and to optimise its business processes. Within a year of completing the project, the company’s turnover had grown...
With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped Vinnik, a tyre distributor from Ukraine, to define its long-term business plan, improve production efficiencies and almost double profits. Vinnik is an independent tyre distributor specialising in truck tyres, wheels and aftersales through a nationwide...
With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped a leading Ukrainian IT company to diversify its product line, opening doors to new international markets. As a result of this support, Integrity Vision LLC increased its turnover, number of employees and developed software platforms for Financial...
With funding from the European Union under the EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped the Da Vinci clinic, a high-profile plastic surgery and aesthetic medical centre from Armenia, to re-brand and introduce a professional website, increasing turnover by 41%. Established in 2010, Da Vinci started as a clinic specialised in diagnostics of hair...
Teimuraz Meqvevrishvili is proud of the quality of his oil
“When you go into business on your own, you tend to make do with what you have and see credit more as a risk. I think that is a healthy approach in the beginning. But there comes a time when taking out a loan becomes an opportunity,” says Teimuraz Meqvevrishvili, who borrowed from Bank Republic to invest in his buisness, with support made available under the European Fund for South East Europe (...
Ilie Tricolici has invested to expand his livestock business
“Things change and you have to adapt. When you are lucky enough to build your life around your business and your business around your life, you want to choose the right partner for financial matters,” says livestock farmer Ilie Tricolici, who managed to grow his business by borrowing from Microinvest – a micro-finance organisation with funds from the European Fund for South East Europe (EFSE) and...
Ioseb Tsotsolashvili and his team
“The ability to access credit is something you first have to earn. At least that’s how I see it. You want to have everything in place first, like your business, your people, and a good reputation," says Ioseb Tsotsolashvili who has managed to grow his business with support made available under the European Fund for South East Europe (EFSE), and EU4Business . “I can’t help but smile when people...