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EU, EBRD and Sweden boost female entrepreneurship in Georgia
news
ge
EU, EBRD and Sweden boost female entrepreneurship in Georgia
The European Union together with the European Bank for Reconstruction and Development (EBRD) and Sweden, is unlocking fresh funds via TBC Bank for Georgian women-led micro, small, and medium-sized enterprises (MSMEs).
19.09.2023
news
ua
Roundtable Ukrainian entrepreneurs on access to finance during the war
13.09.2023
success story
ge
Navigating Change with EBRD and EU4Business: Diogene's Digital Transformation
31.08.2023
success story
am ua
EU empowering Women Entrepreneurs in the Eastern Partnership Women in Business Programme
31.08.2023
success story
am
Transforming Armenia's rural tourism: Beeography and Wine Formula flourish with EU support
30.08.2023
Overview of our results in 2021
78,045
SMEs supported
Read more about Results
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
Read more about Results
+26.2%
growth in SMEs’ turnover recorded
Read more about Results
+4.89%
EU-supported SMEs engaged in exporting
Read more about Results
+11.48%
EU-supported SMEs increased their exports
Read more about Results
17,979
loans given to SMEs
Read more about Results
55,582
consultancy services delivered to SMEs
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594
laws, policies and regulations reformed
Read more about Results
Flag User
Azerbaijani woman builds successful gourmet service from the ground up
Flag User
The science of beekeeping, mastered by a woman from Sipka village
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Organic herbal teas spread nature’s healing power
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Western Ukraine’s biggest aquapark broadens its business
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An abandoned building turns into an international hotel brand
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

108 projects were providing support to SMEs in 2021 with a total budget of €896.91 million.

  • Access to Finance €430.44mln
  • Business Development Services €294.01mln
  • Business Enabling Environment €172.46mln

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.

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108
projects
28
projects in Moldova
47
projects in Azerbaijan
23
projects in Armenia
19
projects in Belarus
In line with the Council Conclusions of 12 October 2020 and in light of Belarus’s involvement in the Russian military aggression against Ukraine, recognised in the European Council Conclusions of February 2022, the EU has stopped engaging with representatives of Belarus public bodies and state-owned enterprises. Should there be a change of the context this may be reconsidered. In the meantime, the EU continues to engage with and, where possible, has stepped up support to non-state, local and regional actors, including within the framework of this programme.
36
projects in Georgia
37
projects in Ukraine
Success stories
ge
Navigating Change with EBRD and EU4Business: Diogene's Digital Transformation
31.08.2023
am ua
EU empowering Women Entrepreneurs in the Eastern Partnership Women in Business Programme
31.08.2023
ua
A businessman from Kramatorsk prints prostheses, drones, mines and creates educational models on a 3D printer
30.08.2023
am
Transforming Armenia's rural tourism: Beeography and Wine Formula flourish with EU support
30.08.2023
ge
Women’s Turn! Women Winemakers Crush Outdated Stereotypes, Bottle Success
15.08.2023
ge
From Plastic Production to a Circular Economy
15.08.2023
ua
Without Fire and Water. A Migrant from Donetsk Provides Ukrainians with Delicious and Healthy Food Even in the Trenches
03.08.2023
ua
From Children’s Jackets to Tactical Backpacks: How Be Easy Creates Quality Items in Ukraine
03.08.2023
am
Uteach: Online teaching with automation within minutes
27.07.2023
am
Empowering education in Armenia through Techschool with the EU4Business support
27.07.2023
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International Organizations
European Bank for Reconstruction and Development
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
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)
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)
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
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
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
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