News/Press

The agreement will bring down SME interest rates in Ternopil
On January 18, the German-Ukrainian Fund (GUF) and the Ternopil Regional State Administration (Ternopil RSA) signed a memorandum on cooperation in the area of financing and development of small and medium-sized enterprises (SMEs) in the Ternopil region. Part of the EU4Business SME Finance Facility in Ukraine, the agreement allows joint implementation of a programme of interest rate subsidy for...
The decision was approved on 22 December 2017
The European Investment Bank (EIB) has provided Raiffeisen Bank Aval (Kyiv) with €12 million in guarantees for the support of lending to small- and medium-sized enterprises (SMEs). The Guarantees are provided under the Deep and Comprehensive Free Trade Area (DCFTA) Initiative East - Guarantee Facility, a programme that is part of the EU4Business initiative. The decision was approved on 22...
Ana Statova welcomes her guests
Ana Statova, a single mother of two, has recently become a local celebrity in the Gagauzia region of Moldova. News about the traditional touristic complex ‘Gagauz Sofrasi’ built in the village of Congaz has travelled fast. Ambitiously named ‘The biggest village in Europe’ , Congaz is proud of the complex reproduces the setting and charm of traditional peasant houses: stoves with heated beds,...
The EU is working to support SMEs in Moldova
The EU is working to support SMEs in the Republic of Moldova to expand their export markets, with a recent training session aimed at building up the capacity of the Small and Medium Enterprise Development Organisation (ODIMM) to assist domestic companies that intend sell abroad. The training session on international practices to increase the export capacity of small and medium-sized enterprises (...
What loans can Ukrainian businesses obtain to develop and enter international markets? Representatives of three Ukrainian banks – KredoBank, Ukrgasbank and ProCredit Bank – speak about local currency loans offered for small and medium-sized enterprises, provided by Ukrainian banks in partnership with European financial institutions – the EBRD, EIB and KfW. The loans have become available thanks...
The EU-funded PARE 1+1 programme has approved 32 grant applications submitted by companies created by Moldovan migrants or their relatives for a total amount of 7.89 million lei. According to estimates, about 90 new jobs will be created, and cumulative investments in the national economy will amount to 19.43 million lei. Analysing the results of the PARE 1+1 Programme, the Secretary General of...
GLS Bank has made its second investment in the European Fund for Southeast Europe (EFSE). With its purchase of €27.9 million in EFSE notes, the bank is continuing to join forces with EFSE to ensure access to financing for micro and small enterprises and to support low-income private households in Southeast Europe and the European Eastern Neighbourhood Region, where it operates under the...
Farmers on the banks of the Dniester River in Moldova can now benefit from professional advice from the Organic Farming Consultancy Centre, established with EU support. The centre was created at the initiative of four specialised associations on the right and left bank of the Dniester River, within the framework of the EU-funded ‘Support to Confidence-Building Measures’ programme, implemented by...
An increasing number of women entrepreneurs in the modern world are striving to learn new business management tools and take their business activities to a new level. Responding to this demand, the Business Support Centre in Kharkiv recently organised a conference on ‘Women in Business. Harmony and success’, held as part of the EU4Business initiative with the support of the EBRD. On December 19...
Production of ceramic tiles in Ukraine has been growing steadily in recent years, accounting for an increasing share of the domestic market, and with an ever-greater volume of exports, according to the latest study by the Better Regulation Delivery Office (BRDO), with the support of the EU4Business FORBIZ project. But the high cost of certification through authorised representative offices of...