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EVENT: SME Policy Index Eastern Partner Countries 2024 Building Resilience in Challenging Times and Supporting the digital transformation of SMEs in the Eastern Partner Countries
The Eastern Partner countries have taken significant steps towards business digitalisation over the last few years. However, significant differences in business digitalisation levels exist which can be attributed to varying levels of economic development, institutional capacity, and policy frameworks.
SMEs supported
new jobs created
€2.03 bln
extra income generated
of EU-supported SMEs increased their staff
growth in SMEs’ turnover recorded
EU-supported SMEs engaged in exporting
EU-supported SMEs increased their exports
loans given to SMEs
consultancy services delivered to SMEs
laws, policies and regulations reformed
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Azerbaijani woman builds successful gourmet service from the ground up
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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
that support SMEs across the EaP (Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine) in 2021
€ 896.91
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.

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.

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.
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