EU4Business, an umbrella initiative encompassing all EU projects in support of micro-, small and medium businesses (MSMEs) central economic role in the Eastern Partnership countries, has released an annual report. This initiative focuses on MSMEs' growth by enhancing access to finance, providing top-notch business development services, and promoting improved business regulation. 

The European Commission published the report, highlighting the support provided to MSMEs in five Eastern Partnership countries during 2023 under the EU4Business Initiative. This four-year project is implemented by GOPA Worldwide Consultants, GOPA Com. and Technopolis.

The latest edition of the report delves into EU support for MSMEs in 2023, focusing on three main areas: access to finance, business development services, and the business enabling environment.

In 2023, the EU disbursed €130.7 million to support more than 67,000 MSMEs – 42.5% of which are owned by women. As a result, EU-supported MSMEs in Armenia, Azerbaijan, Georgia, Moldova, and Ukraine created nearly 80,000 new jobs and generated €1 billion in exports value.

For further details and full insights into the EU's support, view the complete report:  https://eu4business.eu/reports/eu4business-annual-report-2024/