Success stories

The earliest known winery in the world, unearthed in a cave in Armenia, dates from about 6,100 years ago. One of the oldest modern-day enterprises in Armenia, Voskevaz Winery LLC, has been taking the best traditions of vintners beyond Armenia to new markets. Based on a strategic development plan put together with the support of EU4Business, two key goals are increasing sales 21% and expanding...
Offering a wide choice of traditional cuisine, a good combination of price and quality, with one of the largest delivery services in Armenia,the Karas Group’s business is based onan internationally-recognized system for reducing the risk of safety hazards in food. With EU4Business support, the company was able to increase turnover by 31% and grow sales by 20%in a single year. Serving 250,000...
A livestock service center in Tbilisi started up 2001 by three students of veterinary medicine has been able to expand into a diversified company called the Invet Group. Invet now offers veterinary and pet products and services, as well as animal feed and supplements. With EU4Business support, the EBRD’s Advice for Small Businesses co-financed purchase and customization of a software solution...
A distinctive natural environment like Armenian soil, plenty of sun and lots of fresh water combine to ensure the unique taste and healing qualities of whole leaf herbal teas that EDNA LLC gathers, processes, mixes and packages according to the highest Organic European standards. Moreover, this income opportunity for 40 villagers from four communities offers proof of the result-oriented nature of...
How did an abandoned building in the heart of Georgia turn into a modern international hotel in just a couple of years? In addition to savvy owners, €2.6 million of financing and consultations under the EU4Business-EBRD credit line helped Levan Eristavi convert rubble into an EU-standard hospitality business, generate 65 new jobs, and attract thousands of tourists to the region. From London to...
VASCONI is a Moldovan clothing brand that has been able to expand thanks to a loan provided by the EBRD under the EU4Business Initiative. The company received a €20,000 line of credit that has helped transform the company over several years into a modern, technologically savvy business with 114 employees. Recent years have seen Moldova’s light industry grow steadily. We’re discovering brand names...
Georgia
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With funding from the European Union under its EU4Business initiative, EBRD Advice for Small Businesses team helped an animal feed producing company in Georgia introduce quality management system to further foster food safety standards and increase competitiveness at home and abroad. Nutrimax is a Georgian company nestled in the capital and which specialises in producing domestic animal feeds...
Supporting the growth of a leading fashion retailer in Belarus Andrey and Svetlana Serikov seem like an ordinary couple, but little do people know that they are actually two of the most influential people in the fashion industry in Belarus . So influential, in fact, that they have a medal for their contribution to the development of the retail sector in the country presented to them by its...
It all began in Rome with a cup of delicious, rich espresso. Sandro Beridze and Maka Komakhidze ­­– a young Georgian couple – became so fascinated with the culture and variety of Italian coffee drinking that they decided to bring part of it back to their homeland. It was the early 2000s and the coffee industry had yet to be developed back home. Georgian coffee lovers were not sufficiently...
Business and IT improvements prepare TAOR Karpaty for expansion Nestled in the Carpathian Mountains of Ukraine , the TAOR Karpaty lodge opened its doors to the public six years ago. Hiking, fishing and many more outdoor activities attract tourists and families seeking to escape their busy lives. “It’s time to return to nature – that’s our motto here,” explains hotel director Olena Sozanska. “Our...