The annual impact report of the European Fund for Southeast Europe (EFSE), highlighting the fund’s achievements in providing a wide range of support for micro and small enterprises in Southeast Europe and the European Eastern Neighbourhood Region, where it operates as part of the EU4Business initiative. The report showcases EFSE's comprehensive approach to promoting economic development and prosperity by focusing on the regions’ engines for income and employment generation: micro and small enterprises. Through sustainable financing and tailored nonfinancial services, the fund aims to support local business growth while promoting the development of a regulatory and infrastructure environment that fosters entrepreneurial success and secures future economic prospects. From the fund’s foundation to the end of 2018, EFSE’s investments had unleashed a total of more than €7 billion in sub-loans to small businesses and private households, while the EFSE Development Facility had approved a cumulative 425 technical assistance projects.
“Cultivating Entrepreneurship” can also be consulted as an interactive online document at http://www.efse.lu/ir2018.