EU4Business - European Fund for Southeast Europe (EFSE)


Project duration



€5.1 million

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Project Website

European Fund for Southeast Europe (EFSE)
European Fund for Southeast Europe (EFSE)

Brief Description

A new European Neighbourhood Fund, created under the EFSE to provide additional development finance to micro- and small-sized enterprises and private households via local financial intermediaries in the Eastern Neighbourhood region

EaP countries covered: Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine

The EFSE is structured as an investment company with variable shared capital.



  • Attract private sector capital to the Fund and thereby leverage investments into the region for the development of the private sector, in particular, micro and small enterprises, housing.
  • Support the beneficiary countries in their progress towards a market economy, in particular, through the creation of a competitive sector.

Actions in brief

  • Provision of loans
  • Technical assistance


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