News/Press

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...
Belarus Fund for Support of Entrepreneurship
The Belarusian Fund for Support of Entrepreneurship has announced a contest of investment projects among small businesses. Applications are accepted until 31 January 2018, and the winners will be eligible to state financial support in the form of a loan (on a reimbursable basis) and leasing of assets (finance lease). State support will be provided for investment projects to start up or develop...
Inspection Portal Web Service
The Better Regulation Delivery Office (BRDO) in Ukraine has launched an Inspection Portal Web Service ( www.ias.brdo.com.ua ) – a pilot module for an online service and risk-management tool that will transform Ukraine’s business inspection system and interactions between state inspections and businesses, increase transparency for Ukrainian entrepreneurs and investors, and provide oversight...
Raiffeisen Bank Aval, one of Ukraine’s largest financial institutions
Loans to small and medium-sized enterprises (SMEs) in Ukraine and to selected larger companies, as well as for renewable energy projects, will become available to a greater number of domestic firms following the signing of a Risk Sharing Facility (RSF) under the EU4Business initiative, between the European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank Aval in Kyiv on 22...
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...
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...