Armenia

Armenia offers a favorable environment for starting businesses, with minimal procedures and a short timeframe. The country has a thriving entrepreneurial spirit, surpassing the EU average in early-stage entrepreneurial activity.
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Azerbaijan

In Azerbaijan, over 99% of entrepreneurs are SMEs, with about 97.3% being micro-enterprises, 1.9% small, and 0.8% medium-sized. These SMEs operate across sectors such as trade, agriculture, construction, logistics, tourism, and more. Recently, SME turnover and income have significantly grown, boosting the country's economic development.
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Georgia

In 2020, SMEs made up nearly all of Georgia's active businesses (99.6%). They provided jobs for 59.3% of the workforce, contributed 40.8% of the sector's revenue, and accounted for 58.0% (equivalent to GEL 25.2 million) of the sector's total output.
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Moldova

In Moldova, where SMEs make up 98% of the business sector, with 76% classified as micro-enterprises, creating a business-friendly environment is crucial for fostering small business development and generating broader economic growth in the country.
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Ukraine

Before Russia's aggression, Ukraine's economy grew at an average annual rate of 2.9% from 2014 onwards, except for a slight dip in 2020 due to the pandemic. SMEs, particularly in wholesale, retail, and the booming IT sector, played a pivotal role in this growth, driving economic expansion and job creation in Ukraine.
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