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EBRD and EU boost export opportunities in Eastern Partnership countries

20.12.2019 19:12

EBRD and EU boost export opportunities in Eastern Partnership countries

YEREVAN, December 20. /ARКА/. The EBRD and the European Union (EU) are stepping up their support for small and medium-sized enterprises (SMEs) in Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine with new financing.

The EBRD said it will provide over €250 million in credit lines to local financial institutions to make businesses across the regions where the EBRD operates more competitive. The loans will help SMEs benefit from the opportunities brought about by the Deep and Comprehensive Free Trade Areas (DCFTA) as well as other EU Partnerships Agreements, such as the EU-Armenia Comprehensive and Enhanced Partnership Agreement.

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