News/Press

EIB Group signed guarantee agreement supported by InnovFin SME Guarantee Facility enabling Bank of Georgia to provide up to €60 million in loans to SMEs The operation is expected to improve access to finance for over 100 businesses, particularly enterprises affected by the COVID-19 crisis This is the third operation of EIB Group’s InnovFin Guarantee Facility in Georgia The European Investment...
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...
The ‘Global Goal: Unite for our Future' pledging summit organised on 27 June by the European Commission and Global Citizen mobilised €6.15 billion in additional funding to help develop and ensure equitable access to coronavirus vaccines, tests and treatments. The money raised will also support economic recovery in the world's most fragile regions and communities. This amount includes a €4.9...
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...
Modern solutions for the pandemic challenges in agrifood business
United Fresh gathered thousands of fresh food buyers, exporters and producers from all over the world in an innovative virtual trade fair. United Fresh, a leading fruit and vegetable trade fair, assembles the fresh produce industry representatives every year for its annual gathering. Due to COVID-19, the United Fresh Produce Association decided to set in a virtual edition - United Fresh Live...
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-...
Yerevan, June 9, 2020 – The European Union, through its EU4Business “Innovative Tourism for Armenia” project implemented by German Development Cooperation GIZ announces the EU4Business Innovative Tourism Action Grants in Times of Covid-19 Scheme for Armenia’s tourism industry for doing business in these times. Support provided through EU4Business Innovative Tourism Action Grants aims to increase...