News/Press

EU provides €105 million to Ukraine to support SMEs, small farms and implementation of reforms
Three new financing agreements between the European Union and Ukraine were signed on 13 July, in a €105 million package to support Ukrainian small and medium-sized enterprises (SMEs), agriculture and small farm development and Ukrainian public authorities in the implementation of key reforms. These programmes will also contribute to the mitigation of the socioeconomic impact of COVID-19 and...
Armenia Armenia gets one-year customs tax break within the framework of the Eurasian Economic Union. Lower rates than the single EEU customs tariffs shall be applied in Armenia for more than 600 items of goods imported. https://bit.ly/2CgClbe Another nationwide lockdown may be imposed if Armenian hospitals are no longer able to cope with the continuing spread of the coronavirus. Prime Minister...
Armenia VTB bank joins the governmental 3 rd assistance action programme aimed at mitigating the liquidity risk of SMEs to offset consequences of coronavirus pandemic jointly with the Ministry of Economy and the Investment Support Center. It enables small businesses to claim loans at 0% rate in the first 2 years, and 12% for the rest of the maturity period (the effective annual interest rate is 1...
The EU and the European Bank for Reconstruction and Development have teamed up to offer emergency support and recommendations for Ukraine’s tourism industry, which has been badly affected by the COVID-19 pandemic. The analysis, supported by the EU4Business initiative, looked at implications for the sector, which employs around 1 million people and contributes to around 9% of GDP in Ukraine . The...
Over 50 Ukrainian berry companies presented their products at the American world-renowned trade fair United Fresh LIVE! as part of “Eastern Partnership: Ready to Trade – an EU4Business initiative”. For the first time in its history, the fair was held on a virtual online platform. Ukrainian entrepreneurs formed the International Trade Centre projects' joint delegation and presented Ukraine at the...
Armenia 820 SMEs have already received assistance from the Armenian government through its 3 rd action. Ministry of Economy suggests applying for preferential loans up to a maximum of 50mln AMD (more than US$ 104,500) by June 30, 2020. https://bit.ly/3i4QJnI 50,094 jobs restored in Armenia after coronavirus-related strict restrictions were lifted in May . Nikol Pashinyan, the Prime Minister of...
Fresh food producers from Africa and Eastern Europe take part in innovative virtual trade fair
ITC supported dozens of companies to participate in 2020’s entirely virtual United Fresh LIVE! trade fair Dozens of fresh produce companies trading in everything from avocados to hazelnuts from Africa and Eastern Europe have participated in a unique online edition of a leading fruit and vegetable trade fair. ITC experts assisted the companies in navigating the novel format of United Fresh LIVE!...
Armenia Armenia is unlikely to have 2020 tourism season, Armenian Tourism Association states. “Keeping the positions for 3 months, the tourism sector gives up by cutting the staff”, reads the statement raising the issue of Armenia’s land border with Georgia staying closed. Read More Face masks in Yerevan available from self-service machines. A joint effort of “Tavish textiles”, Tavish region-...
OECD is inviting you to register for three peer review sessions in zoom webinar format in the coming weeks. The webinars will focus on country-specific priorities in the wake of Covid-19 economic shocks. MOLDOVA: 17 June Deeper integration with foreign markets and development of supply-chain linkages offer a way out of the Covid-19 crisis for a small open economy like Moldova. The OECD Eurasia...
Armenia 8,923 beneficiaries received a total of 1.7 billion AMD (more than US$ 3.5 million) from the Armenian government within the 18th measure aiming to pay every fifth employee’s salary to those employers and companies that have saved their jobs and payroll amount during the Covid-19 pandemic. Read More 19th measure to neutralize Covid-19 economic consequences in Armenia is to assist the...