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 EU has several tools at its discretion to support SMEs within the framework of the Eastern Partnership, with the latest addition being the Equity instrument, part of Access to Finance (A2F).
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.
Amidst his country’s COVID-19 response last year, Dutch Prime Minister Mark Rutte noted “we need to take 100 percent of decisions with 50 percent of information”.