Success stories

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Many small and medium-sized enterprises (SME) in Armenia feel that their main problems start at their own borders, with the taxes and customs regulations applied by the Armenian authorities. However, few of them raise these issues, as most entrepreneurs are concerned about confidentiality and the consequences of their actions – factors that create obstacles to business development. This is where...
“ In our region, agriculture has always been predominant. As I always liked the industry, I wanted to become engaged by creating something new ,” says Andrii Vyacheslavovich Isichenko, who found support for his ambition from the European Fund for Southeast Europe (EFSE) and the EU4Business initiative in Ukraine. “I decided to engage in the production of flexible packaging, made of propylene. This...
There are many ingredients that go into making good wine: the grape varieties, the terroir – that mythical combination of soil, topography, and climate – and of course the expertise of the winemaker. But behind the glamour and the heritage, winemaking is also an industry that requires its entrepreneurs to have the right equipment for the job. With the support of EU4Business , two companies in the...
“It is very hard to compete with European producers such as France, Italy or Spain, but it is not impossible!” … especially with the help of EU4Business. Dmitry Gheorgiev, the administrator of Agrogled SRL, has invested more than €4 million in planting new varieties of grapes and buying wine-making equipment and technology in southern Moldova, thanks to EU4Business and the European Investment...
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“My life story is not easy. An orphan at the age of 15, I started my own business and faced many challenges along the way. With support from others, I was able to manage these tough times. I love my team and make sure that I repay my debt to society by being available to my customers and partners,” says Tatyana. Starting small, Tatyana Ivanovna Yaremchuk met the challenges of developing her small...
The project paves the way to better quality export oriented farming
With the help of EU4Business and the European Bank for Reconstruction and Development (EBRD), an agricultural producer in the Cherkassy region of Ukraine has been able to secure a loan to upgrade its fleet of combine harvesters and acquire supplementary agricultural equipment. The loan is covered by a first loss guarantee from the EU grant under the SME Direct Support Facility for SMEs in the...
GetTreated founders Shaghig Aguilian and Raffi Elliott
It all started with an operation: Raffi – a Canadian-born web developer who repatriated to Armenia in 2011 – checked in to hospital in Yerevan for treatment on a long-overdue health issue that doctors back in Canada had failed to handle. Not only was he delighted with the result, he was stunned by the price-quality ratio. “It was then that I decided to create an app to help other people around...
The Grovf team have developed a prototype that slashes data processing times
In a world of big data and artificial intelligence, processing power is the motor of a new industrial revolution. With ever more data being generated, the capacity of processors to store and analyse data is failing to keep up. This is where Grovf comes in, an Armenian start-up hoping to join the data revolution with the help of EU4Business . Grovf works on hardware acceleration of core database...
Hazelnut farmer
EBRD and EU help modernise Georgian businesses Georgia is home to more than 60,000 hazelnut growers. Its traditional cuisine abounds with recipes featuring the product, such as churchkhela , a popular nut and grape corner snack. For farmers and producers, bringing their produce to the table of Estonians, Danes and the Spanish is vital to continue to grow, create jobs and spur further economic...
Thanks to the training and support provided by East Invest 1 and East Invest 2 , Elvira Sevostianenko and the Donetsk Chamber of Commerce and Industry (DCCI) have been helping Ukrainian SMEs enter the EU market. The Donetsk Chamber of Commerce and Industry (DCCI) has a long history of increasing the competitiveness of the region’s entrepreneurs by providing professional services and creating a...