Success stories

 Ioseb Gadelia, founder of road construction company Indico
Georgia
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“When you live in Senaki – a small town of nearly 40,000 inhabitants – you pretty much know who is who around [town]. Here we share joy and sorrow, and while some might consider that small-town life offers limited opportunities, I think the family spirit of a close-knit community helps us overcome economic difficulties and stand strong,” says Ioseb Gadelia, founder of road construction company...
With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped UBC Promo, a manufacturer of promotional materials from Ukraine, to introduce principles of ‘Lean Manufacturing’ into its production process, improving productivity by 89%. UBC Promo was founded in 2000. Initially employing only five people, the company...
With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped WebProduction, a Ukrainian IT company to develop an effective marketing strategy. After entering the Latvian, Belarusian and Kazakh markets with the new strategy, the company recorded a 180% increase in sales and 200% growth in turnover. WebProduction was...
With funding from the European Union under the EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped an Armenian IT company to introduce Information Security Management Systems in accordance with international standards, leading to a soaring growth in exports. Under its Advice for Small Businesses (ASB) programme, the EBRD supported VOLO LLC, an IT...
With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped Ukrainian company Nebesna Krinitsa, which produces and sells bottled drinking water, to implement a system for food products safety management, and to optimise its business processes. Within a year of completing the project, the company’s turnover had grown...
With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped Vinnik, a tyre distributor from Ukraine, to define its long-term business plan, improve production efficiencies and almost double profits. Vinnik is an independent tyre distributor specialising in truck tyres, wheels and aftersales through a nationwide...
With funding from the European Union under its EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped a leading Ukrainian IT company to diversify its product line, opening doors to new international markets. As a result of this support, Integrity Vision LLC increased its turnover, number of employees and developed software platforms for Financial...
An Armenian fashion company has achieved a 25% increase in turnover and a 30% increase in customer base, thanks to business advice provided by the European Bank for Reconstruction and Development (EBRD), with funding from the European Union under the EU4Business initiative. As part of its Advice for Small Businesses programme, the EBRD supported LOOM LLC, a woman-led enterprise, specialised in...
With funding from the European Union under the EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped the Da Vinci clinic, a high-profile plastic surgery and aesthetic medical centre from Armenia, to re-brand and introduce a professional website, increasing turnover by 41%. Established in 2010, Da Vinci started as a clinic specialised in diagnostics of hair...
Teimuraz Meqvevrishvili is proud of the quality of his oil
“When you go into business on your own, you tend to make do with what you have and see credit more as a risk. I think that is a healthy approach in the beginning. But there comes a time when taking out a loan becomes an opportunity,” says Teimuraz Meqvevrishvili, who borrowed from Bank Republic to invest in his buisness, with support made available under the European Fund for South East Europe (...