Success stories

On the zip wire at the Yell Extreme Park in Yenokavan
As part of the EU4Business initiative, the European Union and the European Bank for Reconstruction and Development (EBRD) are developing the private sector in Armenia through advisory services and improved access to finance for local SMEs, provided through the SME Finance and Advice Facility . “Usually business owners come to us, present the issues they have and we advise local consultants and...
EU funding for Ukrainian entrepreneurs
Ukraine
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How Ukrainian entrepreneurs receive concessional financing thanks to EU loan programmes Focus magazine, together with the EU Delegation in Ukraine, is launching a special project on the opportunities for small- and medium-sized enterprises (SMEs) available in the country thanks to EU programmes. Focus will tell the real stories of entrepreneurs who have received funding and acquired the necessary...
Roksolana Vakulenko, director of Vip-Toys - company that Toys launched the production of children's toys with EU4Business Support
Two years ago, Vip-Toys launched the production of children's toys in the city of Rivne in Western Ukraine, operating under the Doloni-Toys trademark. Production immediately began to grow rapidly. The range of goods was initially small, with the company producing and selling just four types of toy, employing 15 people and with two pieces of equipment. Now, the range includes dozens of items, with...
Ukrainian entrepreneurs, who are now confidently gaining their place in the EU market, went to Chile to get useful tips for successful exporting
Chile is the world's leading producer and exporter of blueberries. Ukrainian entrepreneurs, who are now confidently gaining their place in the EU market, went to Chile to get useful tips for successful exporting. In recent years, the Ukrainian blueberry sector has been demonstrating the highest growth rates in the fruit and vegetable sector in Ukraine, with a total production area of 2,100...
The Public Private Dialogue (PPD) Network consortium
As an EU-funded project comes to an end, its participants stick together to form an international Consortium. At the end of 2018, the 5 th Eastern Partnership Business Forum was held in Vienna. This annual event was a little different to the norm. In addition to the traditional panels discussing important areas of development, the annual meeting of the working group of an entirely new...
Ukraine
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Doing business will soon become easier for Ukrainian entrepreneurs: retailers will be subject to simpler regulations and there will be fewer grounds for penalties. The Better Regulation Delivery Office (BRDO) is working to promote the de-regulation of this sector as part of the FORBIZ project. Mykhaylo, 42, is the IT Manager of a small retail company that is expanding its chain of home furnishing...
EBRD and EU help Georgian wine makers expand at home and abroad
Georgia
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Autumn is the busiest season of the year in Kakheti, the main wine-making region of Georgia . Early in the morning farmers and their families rush to the vineyards to pluck ripe grapes from the vine, while trucks deliver the fruit to processing factories. The harvest is a time for both hard work and celebration for everyone in rural areas, including Valerian Feikrishvili. “I have been working in...
Tekla Mamageishvili
“Leonardo da Vinci was one of the first to describe, with almost complete precision, the anatomy of the eye and optical system in the 15th century. He is perceived as the biggest innovator in modern science, and not only in science,” Tekla Mamageishvili, Director of a Tbilisi-based eye clinic, explains when asked about the name of her company. Tekla is sure that her Da Vinci Clinic will become a...
Olha Radinovych
Olha Radinovych founded a company with two other female friends 14 years ago, when each of them had only $100 in their pockets. At the time, their business idea seemed risky. Now, she is the director of the company, a Ukrainian manufacturer of orthopaedic and medical products. The company produces 87 kinds of orthopaedic products and more than 100 different compression knitwear products. The...
Manana Chqareuli
Georgia
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“I’ll never forget the moment I realised that I needed to hire more people. And that with the help of EFSE, I could.” Ever since she can remember, Manana Chqareuli has loved sewing. Friends, family, neighbours – whoever needed a rip repaired, a patch sewn on, a hem taken in, or some other alteration, would always find Manana thread and needle in hand. “I can’t really explain what it is, I just...