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EU launches Startup Academy in Armenia

08 January 2018
A new, high-quality programme will offer Armenian startups access to a pool of high-profile mentors to help them achieve success. The Armenia Startup Academy (ASA), which was official launched in Yerevan in December, is supported by the EU4Business SMEDA project (Support to SME Development in…
EU4Business

Moldova: New loan under EU4Business to meet growing demand for finance from local businesses

08 January 2018
As part of the EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) is providing an additional €20 million loan to one of Moldova’s banks to meet growing demand for finance from local businesses who are investing in improving the quality of their products and services…
European Union

Training opportunity for owners and managers of furniture companies in Ukraine

08 January 2018
Owners and managers of Ukrainian furniture companies interested in exporting their products are invited to apply to participate in a ‘Furniture Business Management School’. The training programme, which will take place between February and June 2018 in the city of Rivne, is supported by the…
European Union

EU expands its support to local economic development in Belarus

27 December 2017
The European Union has launched a new project in Belarus to support micro, small and medium-sized enterprises across the country over the next three years. It is expected that the project will generate new jobs for vulnerable and excluded segments of the population by equipping them with the…
European Union

Small businesses in Armenia: business environment improved but key challenges remain

27 December 2017
Policies to support the development of small and medium-sized enterprises (SMEs) have recently improved in Armenia, but key challenges remain and pose obstacles for the development and internationalisation of SMEs, an EU-supported report on ‘Monitoring SME policy reforms in Armenia’, produced under…
European Union

EU launches first ever Twinning project in Belarus with support for Central Bank

26 December 2017
The first ever EU Twinning project in Belarus was signed on December 22, aimed at strengthening the capacity of the the National Bank of Belarus (NBRB). With a budget of over €1 million, the project aims at supporting Belarus' sustainable economic growth by improving the capacity of the NBRB to…
EBRD

EBRD expands its trade in countries of operations

22 December 2017
The EBRD is providing a loan of up to US$ 150 million to the agribusiness trader Olam International Limited, one of the leading global traders in agricultural commodities, to support the company’s increasing engagement in Egypt, Georgia, Poland, Turkey and Ukraine. Olam is already active in these…
European Union

EU on death sentences in Belarus: “the death penalty does not serve as a deterrent to crime”

22 December 2017
The EU has issued a statement following a decision by the Supreme Court of Belarus on 20 December to reject the appeal for two death sentences pronounced earlier in July for Ihar Hershankow and Syamyon Berazhny. “The European Union expects the authorities of Belarus to commute these two sentences…
European Union

EU supports investment to help diversify Republic of Moldova’s electricity supply

22 December 2017
The EU, European Investment Bank, European Bank for Reconstruction and Development and World Bank are providing a €270 million package to finance a permanent interconnection between the electrical networks of the Republic of Moldova and Romania. This interconnection is of critical importance for…
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EU-funded project assists Ukrainian government to reduce regulation of business sphere

22 December 2017
On December 18, the Ukrainian government held a "deregulation day", which resulted in the adoption of 12 business decisions and the abolition of 340 outdated regulations, following initiatives prepared with the support of the EU4Business FORBIZ project. In particular, customs clearance of goods in…