The European Bank for Reconstruction and Development (EBRD) and the European Union are boosting their support for underserved micro, small and medium-sized enterprises (MSMEs) in eastern Europe, the Caucasus and the southern and eastern Mediterranean region. This includes Armenia, Azerbaijan, Georgia, Moldova, and Ukraine.
Apparel brands from Moldova and Belarus exhibited their wares at the Who’s Next and Première Vision trade fairs in Paris with the support of the Ready to Trade project being implemented by Centre for the Promotion of Imports from developing countries (CBI) and International Trade Centre (ITC) under the EU4Business initiative.
Since the outbreak of COVID-19 in early 2020, the EU, EU Member States and European financial institutions, as Team Europe, have disbursed €34 billion in support to partner countries in addressing the pandemic and its consequences, delivering on their promises with concrete results.
The report published today shows that nearly 72,000 companies in Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine received assistance from EU4Business and managed to create over 50,000 new jobs.
The European Bank for Reconstruction and Development (EBRD) is launching an online resource with legal and business guidance to support micro, small and medium-sized enterprises to enhance their response to new challenges following the Covid-19 pandemic.