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July 2018
Newsletter EN

Azerbaijan LOOM: weaving Armenian tradition towards export success
Armenia 05/06/2018
Georgia Dreaming of a cash-free society: how EU and EBRD support helped transform an online payment platform
Azerbaijan 06/06/2018
Armenia Staying ahead of the market: entrepreneurs from Lviv step up a gear thanks to EU4Business investment loan
Ukraine 30/05/2018
LOOM: weaving Armenian tradition towards export success

The production of knitted garments and carpets is growing in Armenia, drawing inspiration from the traditions of generations and from elaborate patterns of dragons and eagles that reflect the rich history and culture of Armenia. One producer of knitted garments - LOOM Weaving - thanks to assistance provided by the European Union, has not only developed its own style that is feminine, national, unique, modern and at the same time traditional, but also expanded its business beyond the borders of Armenia to the EU, U.S. and Russia.

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Dreaming of a cash-free society: how EU and EBRD support helped transform an online payment platform

Eleven years ago, Farid Ismayilzada founded ‘GoldenPay’, an online payment processing service for Azerbaijan. Returning from the United States where he’d been working at the time, he spotted a business opportunity when he realised that online trading, shopping or payments were not available in his home country.

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‘Our earning capacity helps us to preserve our independence’ – media player looks to the future with EU4Business support

Operating a successful media business in a small market is a major challenge, according to Lyudmila Chekina, CEO at TUT.BY, the leading online news portal in Belarus, which employs more than 50 editorial staff and is read by 42.9% of all Belarusian internet users.

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The sweet taste of success: Women in Business support for Georgian tradition

Georgia is celebrated for its culinary traditions. Each of its regions has its own unique speciality and iconic dish. In the west, a variety of khachapuri, a cheese-filled bread, is offered to guests, while the Kakheti region is the country’s wine-making hotspot.

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Moldova learns to conquer the European market

The Exporters’ Academy was recently launched in the Republic of Moldova by the Moldovan Chamber of Commerce and Industry (CCI), so that Moldovan entrepreneurs could become familiar with the rules of exporting to the European market. As part of this initiative, the European Bank for Reconstruction and Development in April 2018 organised two trainings in cooperation with the CCI – one for beginner exporters and one for advanced ones. Carried out through the EU4Business initiative, the two training courses stimulated Moldovan entrepreneurs to develop their businesses and increase their competitiveness when accessing the European market.

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Staying ahead of the market: entrepreneurs from Lviv step up a gear thanks to EU4Business investment loan

Hard work has allowed two Ukrainian businessmen to create a modern printing production. The new equipment will allow them to reach a whole new level.

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EU4Business-EBRD credit line helps tile producer Keramo Rosso to reach out to EU market

Whether in restaurants, our kitchens and bathrooms or large-scale businesses, tiles are everywhere in our daily lives. Chinese producers have discovered this opportunity and taken a significant market share in recent years. But European consumers have other options closer to home.

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Eastern Partnership: EU and neighbouring countries boost cooperation on the digital economy

The EU and the six Eastern Partner countries have agreed to step up their cooperation on the digital economy, adopting a road map on reducing roaming charges, addressing the cybersecurity threat in a coordinated manner, and expanding e-services to create more jobs in the digital industry.

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EU4Business helps Armenian start-up win Horizon 2020 grant

Grovf – an Armenian startup supported by EU4Business and engaged in the Internet of Things (IoT) and database hardware accelaration – has been awarded a grant from Horizon 2020 – the biggest EU Research and Innovation programme.

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Azerbaijan: focus on new SME Agency and SME policy assessment

A joint meeting of the Working Group of the project for ‘Supporting the implementation and monitoring of Azerbaijan's SME roadmap’ and the SBA Public-Private Working Group took place in Baku on 6 June to discuss Azerbaijan’s newly established SME agency and its role in boosting SME development, as well as the launch of the third cycle of the Small Business Act for Europe (SBA) assessment. The meeting was organised by the OECD in the framework of the EU-funded project ‘EU4Business: From Policies to Action’.

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SME policy assessment launched in Belarus

The launch of the third cycle of the Small Business Act for Europe (SBA) assessment took place in Minsk, Belarus on 29 May with a high-level public-private Working Group meeting under the umbrella of the Council for Entrepreneurship Development.

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Building a strong and sustainable accounting profession in Georgia

A series of events aimed at strengthening the accounting and auditing profession in Georgia took place in Tbilisi last month, as part of the Strengthening Auditing and Reporting in the Eastern Partnership programme, funded by the EU under its EU4Business initiative and implemented by the World Bank.

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Ukraine: more than UAH 200 million in SME loans under GUF programme

By April 2018, the SME Investment Support programme implemented by the German-Ukrainian Fund (GUF) had issued 78 loans to SMEs worth UAH 237.7 million since the start and presentation of the programme in April 2017 at the First Financial Fair, according to figures released by the GUF.

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July 2018
HACCP training workshop for Ukrainian berry processing enterprises


July 2018

Ukraine: workshop on energy efficiency in manufacturing

More events

EU4Business is an EU initiative that helps SMEs in the six countries of the Eastern Partneship region to realise their full potential and boost economic growth.

EU4Business secretariat

De Kleetlaan 2
B-1831 Diegem

Phone number

+32 749 17 15

Email adress


© European Union
This publication has been produced with the assistance of the European Union.
The contents of this publication are the sole responsibility of the EU4Business Secretariat and can in no way be taken to reflect the views of the European Union.

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