EU4Business

Helping

Small and medium

enterprises grow

EU4Business is an umbrella initiative of the European Union that includes all EU support to small and medium enterprises in Armenia, Azerbaijan, Georgia, Moldova, Ukraine.

Online B2B and BSO2BSO matchmaking event

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Online B2B and BSO2BSO matchmaking event

In today’s rapidly changing business landscape, the essence of networking and collaboration cannot be overstated. Embracing this philosophy, the EU4Business: Connecting Companies project proudly presents a groundbreaking event designed to elevate your business or organisation to new heights.

24.11.2023

success story

Rising from ashes: Trostianets in Sumy Oblast fights for recovery after occupation

21.11.2023

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EVENT: EU4Environment national conference in Moldova on 5 December

17.11.2023

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New opportunities under the project “EU4Business: Connecting Companies”

13.11.2023

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EU4Business Facility releases portfolio figures on the EU support to private sector in the Eastern Partnership countries in 2023

30.10.2023

Overview of our results in 2021

78,045

SMEs supported

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66,678

new jobs created

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€2.03 bln

extra income generated

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+8.1%

of EU-supported SMEs increased their staff

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+26.2%

growth in SMEs’ turnover recorded

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+4.89%

EU-supported SMEs engaged in exporting

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+11.48%

EU-supported SMEs increased their exports

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17,979

loans given to SMEs

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55,582

consultancy services delivered to SMEs

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594

laws, policies and regulations reformed

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108

projects

that support SMEs across the EaP (Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine) in 2021

€ 896.91

million

total budget of EU Support in 2021

Small and medium-sized enterprises (SMEs) in the EU’s Eastern Partnership region have the potential to create jobs and drive economic growth.

Obstacles such as limited access to finance, burdensome legislation and difficulties entering new markets are hindering their progress.
EU4Business supports SMEs through improving access to finance, promoting better business regulations, improving services to business, and taking advantage of trade opportunities.

EU4Business interventions result in creating and sustaining jobs, higher SME growth and increased SME exports.

EU4Business Portfolio

110 projects were providing support to SMEs in 2023 with a total budget of €948 million.

Access to Finance €513.29mln
Business Development Services €275.98mln
Business Enabling Environment €159.08mln

EU4Business projects and programmes are implemented by 62 partners, among them various international organizations such as the EBRD, EIB, KfW, the OECD, the World Bank, ITC, UNDP and others.

110

projects

projects in Moldova

projects in Azerbaijan

projects in Armenia

projects in Georgia

projects in Ukraine

Success stories

Rising from ashes: Trostianets in Sumy Oblast fights for recovery after occupation

21.11.2023

Fruitful cooperation: The EU loan improves access to finance for Armenian SMEs

23.10.2023

BeSweet cookie-maker goes from innovation to resilience with EU Support

18.10.2023

Job shadowing in action: how the Ukrainian and Spanish clusters exchanged their experiences

09.10.2023

Going digital: Curtain producer finds success by optimizing CRM and task management

02.10.2023

Navigating Change with EBRD and EU4Business: Diogene's Digital Transformation

31.08.2023

EU empowering Women Entrepreneurs in the Eastern Partnership Women in Business Programme

31.08.2023

A businessman from Kramatorsk prints prostheses, drones, mines and creates educational models on a 3D printer

30.08.2023

Transforming Armenia's rural tourism: Beeography and Wine Formula flourish with EU support

30.08.2023

Women’s Turn! Women Winemakers Crush Outdated Stereotypes, Bottle Success

15.08.2023

International Organizations

European Bank for Reconstruction and Development

The EBRD is owned by 69 countries, the European Union and the European Investment Bank. Founded in 1991 to create a new post-Cold War era in central and eastern Europe, the Bank is now doing more than ever before - across three continents - to further progress towards ‘market-oriented economies and the promotion of private and entrepreneurial initiative.

International Organizations

European Investment Bank

The European Investment Bank is the lending arm of the European Union. We are the biggest multilateral financial institution in the world and one of the largest providers of climate finance.

International Organizations

International Trade Centre (ITC)

The International Trade Centre (ITC) is the only development agency that is fully dedicated to supporting the internationalization of small and medium-sized enterprises (SMEs).

International Organizations

Organisation for Economic Co-operation and Development (OECD)

The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. We draw on almost 60 years of experience and insights to better prepare the world of tomorrow.

International Organizations

United Nations Development Programme

UNDP works in about 170 countries and territories, helping to achieve the eradication of poverty, and the reduction of inequalities and exclusion.

International Organizations

World Bank

The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.

Over 62 partners worldwide