News/Press

ProCredit Bank Ukraine Headquarters
The European Fund for Southeast Europe (EFSE) has provided ProCredit Bank Ukraine (PCB) with a senior loan in Ukrainian hryvnia equivalent to €20 million. The new facility continues the successful cooperation between EFSE and ProCredit Bank, and aims to secure much-needed local currency funding to support business and economic development in Ukraine – a key EU4Business priority. An EFSE partner...
Armenian companies present their products to business representatives visiting the Armenia booth at SIAL Paris.
On 21-25 October, seven Armenian companies participated for the first time in the international food exhibition SIAL Paris, introducing Armenian food products, such as fruit and vegetable preserves, dried fruits and vegetables, and herbal teas to European buyers. The participation of Armenian companies in the trade fair was organised with the support of the International Trade Centre (ITC)...
The signing ceremony in Minsk on 13 November
The European Union, United Nations Development Programme and the Ministry of Economy of the Republic of Belarus came together yesterday to sign a new project that will support development of entrepreneurship in the regions of Belarus. This €8 million project is one of the largest ever initiatives of its kind implemented in Belarus and will substantially contribute to SMEs becoming the engine of...
Global Entrepreneurship Week Belarus
Global Entrepreneurship Week (GEW Belarus) kicks off today in Belarus until 18 November, a key event for entrepreneurs and start-ups in the country, co-organised for the fourth year by the Development Bank of the Republic of Belarus. This year the events of the week will be held with the support of the Government of Belarus and will be aimed at creating and shaping a favourable business...
The Georgian juice and tea booth at Sial Paris 2018
Thirteen Georgian companies took part in the SIAL international food exhibition in Paris last month, with the support of EU4Business, with contacts leading to dozens of confirmed orders worth a total value of €4 million. The International Trade Centre (ITC), together with Enterprise Georgia, supported helped the Georgian companies to attend within the framework of the ‘ Eastern Partnership: Ready...
At work in the Gyumri Technology Centre
Many young people from Gyumri in Armenia’s Shirak region see their future in the sector of information technologies (IT), and the Gyumri Technology Centre (GTC) – developed with the help of EU4Business – is exactly what they seek. The GTC is an inspiring example for other regions of Armenia. In October 2017, an IT incubation laboratory was opened in the centre as part of the ‘ Boosting...
Ludi Batumuri brewery
The Ludi Batumuri brewery has been producing beer since 1951. Now, its original equipment, designed by Czech specialists, stands side by side with new state-of-the-art equipment, bought with the help of an EU4Business investment loan. The Ludi Batumuri brewery was the destination for one of the first field visits by the new Head of the EU Delegation in Georgia, Ambassador Carl Hartzell, who...
Giovanni Vaccari, Project Manager of the EU4Business-EBRD Credit Line in Moldova
The EU4Business-EBRD Credit Line in Moldova recently participated in a workshop on ‘Energy Efficiency Financing Tools’, organised by the Energy Efficiency Agency in Chisinau. The event was organised during Moldova Eco Energetics Days, which took place in Chisinau from 15-18 October, and was attended by national and international experts who presented the financing mechanisms available in the...
The European Investment Bank (EIB) is lending €50 million to the Central Bank of Armenia to finance projects implemented by small and medium-sized enterprises (SMEs) and mid-caps in the country, particularly in the areas of agri-food processing and tourism. The Central Bank of Armenia will channel the EIB funds to beneficiaries (mainly SMEs) through a range of eligible financial intermediaries,...
Irina Coroi-Jovmir, Deputy CEO of ProCreditBank Moldova, with Alain Pilloux, EBRD Vice President, Banking
Small businesses in Moldova will be able to upgrade their operations to European Union (EU) standards with a new €10 million loan provided by the EBRD to ProCreditBank Moldova, the country’s fifth-largest lender by loan portfolio. The funds are provided within the EU4Business-EBRD credit line, to which the EU provides grant funding under its EU4Business initiative. The funds will be available for...